Tetra Tech shares rose about 8.5% in after-hours trading on Wednesday after the consulting and engineering company reported results for its fiscal fourth quarter and gave its outlook for fiscal 2027. The stock traded at about $40.80, up from its regular-session close of $37.61, according to publicly reported prices. No specific reason for the after-hours move was reported.
The after-hours gain followed a 7.5% drop during Wednesday’s regular session, from Tuesday’s close of $40.65, before the results were released after the close. Cedar found no reported reason for that decline.
For the quarter ended Sept. 27, Tetra Tech reported revenue of $1.34 billion and net revenue of $1.15 billion, up 5% excluding disaster-response work. Earnings were 51 cents a share, and adjusted earnings rose 9% to 49 cents. Its backlog rose 13% from a year earlier to $4.67 billion.
For fiscal 2026, earnings were a record $1.69 a share, or $1.60 excluding one-time items. For fiscal 2027, the company forecast earnings of $1.65 to $1.80 a share on net revenue of $4.425 billion to $4.625 billion. For the first quarter, it expects earnings of 36 to 38 cents a share on net revenue of $1.04 billion to $1.08 billion.
Tetra Tech also declared a quarterly dividend of 7.2 cents a share, 11% higher than a year earlier, payable Dec. 11 to shareholders of record on Dec. 2. It bought back $100 million of its shares in the fourth quarter.
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