Tetra Tech impresses with record profit - Water and defense projects create new opportunities
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Water, environmental, and defense projects drive the order backlog up by 13% to $4.67 billion. Over 3,000 AI agents and a higher proportion of high-margin consulting contracts are expected to enhance profitability. After a 7.5% loss in stock price, the share recovers by about 8% in after-hours trading following the quarterly results. Tetra Tech (TTEK) plans water treatment plants, protects coastlines, remediates contaminated sites, and modernizes critical infrastructure. The figures released on November 11 show a higher order backlog and...
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