Tetra Tech Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2013; Revises Earnings Guidance for Fiscal 2013
January 30, 2013 at 09:30 pm
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Tetra Tech Inc. provided earnings guidance for the second quarter and full fiscal 2013. For the quarter, the company expects diluted EPS to be in the range of $0.38 to $0.42, the midpoint would represent a 14% increase in earnings per share over the same quarter last year. Revenue, net of subcontractor costs, expected to range from $500 million to $550 million. The midpoint of that range, on a year-to-year basis, would represent a 10% increase in the net revenue.
For fiscal 2013, the company is increasing guidance for its diluted EPS and revenue, net of subcontractor costs. EPS is now expected to range from $1.85 to $1.96. Revenue, net of subcontractor costs, expected to range from $2.15 billion to $2.35 billion. The company expect operating cash flow for the year to be between somewhere $150 million to $170 million for all of fiscal 2013. And this translates to cash generated on a per share basis from $2.31 to $2.62 on a per share basis. The CapEx is about the same as the prior year and in line with previous guidance. The company expect CapEx for the year to be in the range of $25 million to or $25 million to $30 million for the year, which includes a plus-up for the second quarter acquisitions that it just completed.
Tetra Tech, Inc. is a global provider of consulting and engineering services that is focused on water, environment, sustainable infrastructure, renewable energy and international development. The Company is Leading with Science to provide solutions for its public and private clients. The Company operates through its two segments: government services group (GSG) and commercial/international services group (CIG). Its GSG segment provides consulting and engineering services primarily to United States (U.S.) government clients and development agencies worldwide. The Company's CIG segment primarily provides consulting and engineering services to U.S. commercial clients and international clients that include both commercial and government sectors. Its CIG segment provides sustainable infrastructure and related environmental, engineering and project management services to commercial and local government clients across Canada, in Asia Pacific, the United Kingdom, as well as Brazil and Chile.