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| Tetra Tech reports record 4Q and fiscal 2009 results California-based Tetra Tech, Inc. announced results for the fourth quarter and fiscal year ended September 27, 2009. Revenue for fiscal 2009 was $2,287.5 million, up 6.6% from $2,145.3 million, and revenue, net of subcontractor costs, was $1,386.1 million, an increase of 11.3% from $1,245.5 million for the same period last year. Income from operations was $121.9 million, up 14.6% from $106.4 million for the same period last year. Net income was $87.0 million, up 42.9% from $60.9 million for the same period last year. Diluted earnings per share (EPS) were $1.43, up 40.2% from $1.02 for the same period last year. Diluted EPS included approximately $0.21 from a tax benefit related to prior years' research and experimentation tax credits. Cash generated from operations improved to $198.2 million, up 189.9% compared to $68.4 million for the same period last year. Revenue in the quarter was $575.1 million, down 11.4% from $649.2 million, and revenue, net of subcontractor costs, was $367.0 million, up 5.2% from $348.8 million for the same quarter last year. Income from operations was $32.7 million, up 6.1% from $30.8 million for the same quarter last year. Net income was $20.5 million, up 12.6% from $18.2 million for the same quarter last year. Diluted EPS was $0.33, up 10.0% from $0.30 for the same quarter last year. Backlog was $1.58 billion, down 4.0% from $1.65 billion at the end of the same quarter last year. Cash generated from operations improved to $90.8 million, up 259.2% from $25.3 million for the same quarter last year. write your comments about the article :: © 2009 Construction News :: home page |