Tetra Tech (TTEK) Wins Climate Adaptation Contract From USAID

Tetra Tech TTEK has secured a single-award contract for $38 million from the U.S. Agency for International Development (USAID) to support the expansion of strategic climate adaptation and resilience programming worldwide.

As part of the five-year flagship global Climate Adaptation Support Activity, TTEK will design forward-looking adaptation and resilience programs worldwide to help USAID in achieving its Climate Strategy goals.

Under the terms of the agreement, Tetra Tech’s climate and disaster risk reduction experts will develop and apply predictive climate models, incorporating socioeconomic data, to identify disaster risk reduction strategies and climate change adaptation options in agriculture, water and energy, among other sectors.

Tetra Tech, Inc. Price

Tetra Tech, Inc. price | Tetra Tech, Inc. Quote

In September, Tetra Tech secured a technical assistance contract from the U.S. Trade and Development Agency to support Mexico’s civil aviation program. The project was aimed at improving aviation performance, operations and safety as part of Mexico’s multi-year National Infrastructure Program.

Previously, TTEK had won a contract from the U.S. Army Corps of Engineers, Los Angeles District, to provide comprehensive environmental consulting and engineering services to assess and remediate hazardous and contaminated sites in California, Nevada and Arizona.

Zacks Rank & Other Key Picks

Tetra Tech currently carries a Zacks Rank #2 (Buy).

Here are some other top-ranked stocks within the broader Industrial Products sector:

Enerpac Tool Group Corp. EPAC delivered an average four-quarter earnings surprise of 3.4%. EPAC presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks.

Enerpac Tool’s estimated earnings growth rate for the current fiscal year is 44.6%. Shares of the company have jumped 20.8% in the past six months.

Applied Industrial Technologies, Inc. AIT presently flaunts a Zacks Rank #1. The company delivered a trailing four-quarter earnings surprise of 24.8%, on average.

Applied Industrial has an estimated earnings growth rate of 14.3% for the current fiscal year. Shares of the company have gained 22.8% in the past six months.

IDEX Corporation IEX presently has a Zacks Rank of 2. IDEX pulled off a trailing four-quarter earnings surprise of 5.7% on average.

IDEX has an estimated earnings growth rate of 28.3% for the current year. Shares of the company have rallied 28.2% in the past six months.

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