Tetra Tech (TTEK) Soars 15% Ahead of Dividend Payment

We recently published Market in Turmoil but These 10 Stocks Are on Fire. Tetra Tech Inc. (NASDAQ:TTEK) is one of the best-performing stocks on Thursday.

Tetra Tech extended gains for a second day on Thursday, jumping 15.29 percent to close at $37.41 apiece as investors loaded portfolios ahead of its dividend payment for the quarter.

In a statement, Tetra Tech Inc. (NASDAQ:TTEK) said that it would distribute $0.065 worth of dividends for each share held by common shareholders as of the December 1 record date. The dividends, which are 12 percent higher year-on-year, are payable on December 12.

The dividends followed the results of Tetra Tech Inc.’s (NASDAQ:TTEK) earnings performance in the full fiscal year ending September 2025, where it incurred an attributable net income of $247.7 million, or a 26 percent drop from the $333.38 million in the same period last year.

However, attributable net income surged by 33 percent in the fourth quarter to $127.7 million from $96.15 million in the same comparable period.

Net revenues for the full fiscal year grew by 7 percent to $4.6 billion from $4.3 billion last year, while net revenues for the fourth quarter alone inched up by 1.7 percent to $1.16 billion from $1.14 billion.

For fiscal year 2026, Tetra Tech Inc. (NASDAQ:TTEK) targets net revenues of $4.05 billion to $4.25 billion, or an implied growth range of 5 to 11 percent year-on-year.

For the first quarter, net revenues are expected at $950 million to $1 billion.

“Looking forward to fiscal 2026 and beyond, we see increased demand for our high-end services to address the development of water-reliant infrastructure, including data centers and industrial manufacturing. Our high-voltage engineering practice has benefited from these projects with its backlog doubling in the fourth quarter. In addition, our front-end consulting services are critical to the expansion and protection of coastal and marine infrastructure for defense clients around the world,” said President Roger Argus.

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Disclosure: None. This article is originally published at Insider Monkey.