Tetra Tech, Inc.
) has been selected to deliver technical support to the U.S.
Environmental Protection Agency (EPA) Office of Water. The
contract is valued at $108 million and is for a period of five
In this multiple award contract Tetra Tech will help the EPA
Office of Water Assessment and Watershed Protection Division in
assessing and monitoring water quality conditions. The company's
scope of work includes implementation of point and nonpoint
source pollution controls, and development of tools for ecosystem
Tetra Tech has already been involved in the watershed
protection work of the EPA Office of Water. The current contract
further extends the existing relation of more than 30 years with
the EPA Office of Water. The stakeholders of the EPA Office
comprise the 10 EPA regional offices, other federal agencies,
state and local governments, regulated commercial interests, and
Tetra Tech is an expert in water resources engaged in
front-end environmental activities for oil and gas projects. The
addition of pipeline planning and engineering expert, REI, is a
strategic fit for Tetra Tech. The combination allows Tetra Tech
to provide a complete range of services to the rapidly growing
shale oil market.
The company is also performing well in its international
market, benefiting from the rising demand for water related
services. Good returns from the US as well as international
markets led the company to increase its revenue guidance for
fiscal 2012. However, weak economic condition remains a matter of
concern. A major portion of Tetra Tech's revenue is derived
from the U.S. federal government agencies; hence, any delay in
preparing budgets would have a material impact on revenue. Major
competitors of the company are
AECOM Technology Corporation
SHAW Group Inc.
Tetra Tech Inc. is a leading provider of consulting,
engineering, program management, construction and technical
services focusing on resource management and infrastructure. It
serves clients by providing cost-effective and innovative
solutions to fundamental needs like water, environmental and
alternative energy services.
We currently maintain our Neutral rating on Tetra Tech Inc.
with a Zacks #4 Rank (short-term Sell recommendation) over the
next one-to-three months.
AECOM TECH CORP (ACM): Free Stock Analysis
(ARCAY): ETF Research Reports
SHAW GROUP INC (SHAW): Free Stock Analysis
TETRA TECH NEW (TTEK): Free Stock Analysis
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