Topic: How To Invest

Pat: Any thoughts on Tetra Tech?

Article Excerpt

Tetra Tech Inc., $27.19, symbol TTEK on Nasdaq (Shares outstanding: 60.2 million; Market cap: $1.6 billion), sells engineering and management consulting services to public agencies and private corporations. Tetra Tech operates in the resource management, infrastructure and communications fields. The U.S. federal government accounts for about 43% Tetra Tech’s revenue, followed by private-sector customers (38%) and state governments (18%). Despite the recession, Tetra Tech continues to post stronger revenue and profits. In the three months ended March 31, 2009, the company’s revenue rose 13.2%, to $522.3 million from $461.4 million. Earnings per share, excluding one-time items, rose 17.4%, to $0.27 from $0.23. An increase in wind-energy and water projects drove up Tetra Tech’s commercial revenue by 14.1% during the quarter. U.S. federal government revenue rose 7.3%, mainly because of increased work for the U.S. Agency for International Development and the U.S. Department of Energy. Tetra Tech also undertook more domestic projects with the U.S. Department of Defense. State and local government…