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| Tetra Tech reports 3Q results Tetra Tech, Inc. announced results for the third quarter ended June 28, 2009. Revenue in the quarter was $551.4 million, down 2.3% from $564.3 million, and revenue, net of subcontractor costs, was $356.9 million, up 7.4% from $332.3 million for the same quarter last year. Income from operations was $32.8 million, up 16.8% from $28.1 million for the same quarter last year. Net income was $31.0 million, up 92.2% from $16.1 million for the same quarter last year. Diluted earnings per share (EPS) were $0.51, up 88.2% from $0.27 for the same quarter last year. Diluted EPS included approximately $0.16 from a tax benefit related to prior years' research and experimentation tax credits. Backlog was $1.70 billion, up 8.2% from $1.57 billion at the end of the same quarter last year. Cash generated from operations improved to $60.8 million, up 261.8% from $16.8 million for the same quarter last year. Cash generated from operations in the third quarter benefited from a $39.8 million cash refund related to the second quarter IRS settlement. write your comments about the article :: © 2009 Construction News :: home page |