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| Tetra Tech reports third quarter results Tetra Tech, Inc. announced results for the third quarter ended June 27, 2010. Revenue in the quarter was $562.4 million, and revenue, net of subcontractor costs, was $370.1 million. These figures compare to $551.4 million and $356.9 million, respectively, for the same quarter last year. Operating income was $32.7 million and net income was $20.6 million, compared to $32.8 million and $31.0 million, respectively, for the same quarter last year. Diluted EPS were $0.33, compared to $0.51 for the same quarter last year. Last year's $0.51 of diluted EPS included tax benefits of $0.20, while this year's $0.33 included tax benefits of $0.01. Backlog was $1.68 billion compared to $1.67 billion at the end of the second quarter of 2010 and $1.70 billion at the end of the third quarter last year. Cash from operations was $24.5 million, compared to $60.8 million in the same quarter last year. Last year's $60.8 million of cash from operations included a tax refund of $39.8 million. Revenue for the first nine months was $1, 573.8 million, and revenue, net of subcontractor costs, was $1, 039.6 million. These figures compare to $1, 712.4 million and $1, 019.2 million, respectively, for the same period last year. Operating income was $87.3 million and net income was $53.7 million, compared to $89.2 million and $66.5 million, respectively, for the same period last year. Diluted EPS were $0.86, compared to $1.10 for the same period last year. Last year's $1.10 of diluted EPS included tax benefits of $0.26, while this year's $0.86 included tax benefits of $0.01. Cash from operations was $64.5 million, compared to $107.4 million in the same period last year. Last year's $107.4 million of cash from operations included a tax refund of $39.8 million. write your comments about the article :: © 2010 Construction News :: home page |