Filing Flows › Tetra Tech (TTEK) › Q4 FY24
Tetra Tech (TTEK) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 19, 2024
Tetra Tech (TTEK) reported revenue of $1.4B for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and +2% from the quarter before. Operating margin was 10.4%, net earnings $96.2M (7.0% of revenue).
Tetra Tech, Q4 FY24: revenue $1.4B (+9% year over year), operating margin 10.4%, net earnings $96.2M, operating cash flow $106M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +2% | +9% |
| Gross profit | $245M | +10% | +16% |
| Operating profit | $143M | +11% | +33% |
| Net earnings | $96.2M | +12% | +79% |
| Operating cash flow | $106M | -25% | -14% |
| Free cash flow | $98.8M | -28% | -12% |
What changed
Revenue was $1.4B in Q4 FY24, up 9% year over year and up 2% from the previous quarter.
Gross margin was 17.8%, up 1.0 points from a year earlier. Operating profit was $0.14B, a 10.4% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 9% margin then. Operating expenses fell 3% while revenue rose 9%. Net earnings were $0.10B, up 79% year over year. The effective tax rate was 29.0%.
Operating cash flow was $0.11B (down 14% year over year), 110% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $0.01B left free cash flow of $0.10B.
Questions
What was Tetra Tech's revenue in the fourth quarter fiscal 2024?
Tetra Tech (TTEK) reported revenue of $1.4B for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and +2% from the quarter before.
Was Tetra Tech profitable in the fourth quarter fiscal 2024?
Operating profit was $143M (10.4% of revenue) and net earnings $96.2M.
Source: Tetra Tech 10-K on SEC EDGAR.