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| Tetra Tech reports 1q results Tetra Tech, Inc. announced results for the first quarter ended January 2, 2011. Revenue in the quarter was $611.1 million, up 12.8% compared to $542.0 million in the first quarter last year. Revenue, net of subcontractor costs, was $405.6 million, up 18.1% compared to $343.5 million in the first quarter last year. Operating income was $34.3 million, up 10.3% compared to $31.1 million in the first quarter last year. Net income was $22.3 million, up 19.2% compared to $18.7 million in the first quarter last year. Diluted earnings per share (EPS) were $0.36, up 20.0% compared to $0.30 in the first quarter last year. The EPS of $0.36 included a prior-year tax benefit of approximately $0.02. Backlog was $1.91 billion, up 18.5% compared to $1.61 billion at the end of the first quarter last year. Cash generated from operations was $8.9 million, compared to cash used of $5.2 million in the first quarter last year. write your comments about the article :: © 2011 Construction News :: home page |