The Business Outlook section should be read in conjunction with the information on forward-looking statements at the end of this release. These statements do not include the potential impact of transactions that may be completed or developments that become evident after the date of this release. These statements are forward-looking, and the actual results could differ materially. The following statements are based on current expectations. EPS was $2.98, and adjusted EPS was $2.51, an increase of 16% over last fiscal year. Adjusted EBITDA was $209 million, up 23%. Revenue for the six-month period was $2.05 billion and net revenue was $1.71 billion, up 20% and 24%, respectively, over the same period in fiscal 2022. Refer to tables at the end of the release and Regulation G Information for reconciliations to the comparable GAAP metrics. Based on our strong year-to-date performance and record high backlog, we are increasing our net revenue and earnings per share guidance for fiscal 2023.”ġ Non-GAAP financial measures which the Company believes provide valuable perspectives on its business results. We saw strong double digit top line growth across both our government and commercial end markets. While Tetra Tech’s business is performing at an all-time high level, the addition of the RPS Group has significantly expanded our access to the global renewable energy and sustainable infrastructure markets. Tetra Tech Chairman and CEO, Dan Batrack, commented, “Tetra Tech continued to generate record high revenue and earnings by solving the world’s most complex challenges by Leading with Science ® in the areas of water, environment and sustainable infrastructure. The approved dividend represents nine consecutive double-digit annual increases of dividend payouts. On May 8, 2023, Tetra Tech’s Board of Directors approved its 36 th consecutive quarterly dividend at an amount of $0.26 per share, a 13% increase year-over-year, payable on June 6, 2023, to stockholders of record as of May 24, 2023. 1 Backlog increased to a record high of $4.27 billion, up 18% year-over-year. Earnings per share (“EPS”) was $0.80 adjusted EPS was $1.17, up 19% over the second quarter of fiscal 2022. Adjusted EBITDA 1 was $105 million, up 30% year-over-year. Revenue in the second quarter totaled $1.16 billion and revenue, net of subcontractor costs (net revenue) 1, was $970 million, up 36% and 39%, respectively, over last year. Tetra Tech achieved record quarterly results in key financial metrics including revenue, net revenue and backlog. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, today announced results for the second quarter ended April 2, 2023. PASADENA, Calif.-( BUSINESS WIRE)-Tetra Tech, Inc.
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