Tetra Tech Inc. ( TTEK ) recently
announced that it has won a contract worth $100 million from the
U.S. Department of State. The indefinite delivery/indefinite
quantity (ID/IQ) contract over a five-year ordering period is
awarded to Tetra Tech's subsidiary, PRO-telligent.CALGON CARBON (CCC): Free Stock Analysis ReportCECO ENVIRNMNTL (CECE): Free Stock Analysis
ReportFUEL TECH INC (FTEK): Free Stock Analysis
ReportTETRA TECH NEW (TTEK): Free Stock Analysis
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Per the contract, Tetra will assist in building and renovating the
diplomatic facilities by providing the requisite architecture and
engineering support services within the Overseas Buildings
Operations section of the U.S. Department of State.
Recently, Tetra Tech was also awarded a $100 million ID/IQ
contract from the U.S Department of Defense. Under the contract,
Tetra Tech is required to provide environmental remediation
services for projects at various locations, primarily within the
Naval Facilities Engineering Command (NAVFAC) Atlantic area of
In the just-reported quarter, Tetra Tech recorded second-quarter
fiscal 2013 net income of $24.8 million or 38 cents per share
compared to $22.3 million or 35 cents in the year-ago quarter.
Despite a decent year-over-year increase, the reported earnings
missed the Zacks Consensus Estimate by 2 cents. Total revenue in
the reported quarter was $642.0 million compared with $624.3
million in the prior-year period.
The company is a leading player in providing services like
consulting, engineering and program management. Tetra Tech
also supports the government and the commercial clients by
providing solutions in environmental services, water, energy,
infrastructure and natural resources.
Tetra Tech currently has a Zacks Rank#4 (Sell). Some other
companies worth considering at the moment are Calgon Carbon
Corporation ( CCC ) with a Zacks Rank
#1(Strong Buy), CECO Environmental Corp . ( CECE ) and
Fuel-Tech, Inc. ( FTEK ), each carrying
a Zacks Rank #2 (Buy).