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PASADENA, Calif.--(BUSINESS WIRE)-- #airspacemodernization--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the Federal Aviation Administration (FAA) selected Tetra Tech for a $27 million task order under the Program Support Services contract to provide technical, analytical, and program management support for its major airspace redesign program. Under this 4-year contract, Tetra Tech engineer.

Posted by Defense World Staff on Jul 19th, 2026

Copeland Capital Management LLC lessened its holdings in Tetra Tech, Inc. (NASDAQ:TTEK – Free Report) by 78.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 365,884 shares of the industrial products company’s stock after selling 1,297,206 shares during the period. Copeland Capital Management LLC owned approximately 0.14% of Tetra Tech worth $11,020,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First Horizon Corp raised its holdings in shares of Tetra Tech by 50.4% in the 4th quarter. First Horizon Corp now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Tetra Tech by 63.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 880 shares of the industrial products company’s stock worth $30,000 after buying an additional 341 shares during the period. OP Asset Management Ltd acquired a new stake in Tetra Tech in the 1st quarter valued at $34,000. Geneos Wealth Management Inc. boosted its stake in Tetra Tech by 136.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,303 shares of the industrial products company’s stock valued at $38,000 after buying an additional 751 shares in the last quarter. Finally, Danske Bank A S bought a new stake in Tetra Tech in the third quarter valued at $53,000. 93.89% of the stock is owned by institutional investors and hedge funds.

Tetra Tech Stock Down 1.4% Shares of TTEK opened at $31.59 on Friday. The company has a market capitalization of $8.20 billion, a P/E ratio of 18.92 and a beta of 0.92. Tetra Tech, Inc. has a one year low of $25.81 and a one year high of $43.14. The business’s 50 day simple moving average is $28.61 and its 200-day simple moving average is $32.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.25 and a quick ratio of 1.25.

Tetra Tech (NASDAQ:TTEK – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Tetra Tech had a return on equity of 22.89% and a net margin of 8.58%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $0.33 EPS. The business’s revenue was down 7.7% on a year-over-year basis. Tetra Tech has set its FY 2026 guidance at 1.500-1.580 EPS and its Q3 2026 guidance at 0.38-0.41 EPS. As a group, sell-side analysts predict that Tetra Tech, Inc. will post 1.54 EPS for the current fiscal year.

Tetra Tech Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th were paid a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Tetra Tech’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, May 14th. Tetra Tech’s dividend payout ratio is 17.37%.

Analysts Set New Price Targets Several research analysts have issued reports on the company. National Bank Financial dropped their price objective on Tetra Tech from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Weiss Ratings downgraded shares of Tetra Tech from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Robert W. Baird set a $35.00 target price on shares of Tetra Tech in a report on Thursday, April 30th. Finally, Wall Street Zen cut shares of Tetra Tech from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Tetra Tech presently has a consensus rating of “Moderate Buy” and an average price target of $39.80.

Get Our Latest Report on TTEK

Insider Activity In other Tetra Tech news, Director Jeffrey R. Feeler purchased 1,900 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $26.41 per share, with a total value of $50,179.00. Following the completion of the acquisition, the director directly owned 1,900 shares of the company’s stock, valued at $50,179. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.

Tetra Tech Profile (Free Report)

Tetra Tech, Inc is a leading provider of consulting and engineering services with a focus on water, environment, infrastructure, resource management and energy sectors. Headquartered in Pasadena, California, the company delivers end-to-end solutions that encompass planning, design, engineering, program management and construction management. Tetra Tech’s multidisciplinary teams integrate science, technology and advisory services to address complex challenges in areas such as water resources, environmental remediation, sustainable infrastructure and renewable energy.

The company’s core offerings include environmental assessments and cleanup, water treatment and reuse, coastal and marine engineering, climate resilience planning, and engineering design for transportation and built environments.

See Also Five stocks we like better than Tetra Tech Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding TTEK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tetra Tech, Inc. (NASDAQ:TTEK – Free Report).

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PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today the planned dates for its third quarter 2026 results and conference call.

On Wednesday, July 29, 2026, after market close, Tetra Tech intends to announce its third quarter 2026 results. On Thursday, July 30, 2026, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to present and discuss the Company’s financial results and forward outlook.

Investors and other interested parties can access a live audio-visual webcast through a link posted on the Company’s website at tetratech.com/investors. The webcast replay will be available following the call.

About Tetra Tech

Tetra Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects worldwide. With more than 25,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading with Science® to address the entire water cycle, protect and restore the environment, and design sustainable and resilient infrastructure. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn and Facebook.

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PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that the Los Angeles Department of Water and Power (LADWP) has selected Tetra Tech for a 5-year, $15 million, multiple-award contract to provide high-end engineering design and technical services for the Owens Lake Dust Mitigation Program, the largest dust mitigation and control program in the United States.

Owens Lake is a historic dry lakebed, requiring EPA-approved best available control measures, that preserve the ecosystem while mitigating dry season wind effects across a 48.6 square-mile area. Tetra Tech engineers and digital automation specialists will provide consulting and design services for dust mitigation measures that may include geotechnical investigations; advanced GIS mapping and hydraulic modeling; civil, structural, mechanical engineering design; and SCADA, instrumentation, and electrical engineering design services. These services will improve existing dust control methods and provide for the design of new dust control mitigation measures.

“Tetra Tech has supported LADWP in implementing the Owens Lake Dust Mitigation Program for more than 15 years. Through this important program, with support from Tetra Tech, LADWP has successfully reduced dust emissions by 99.4 percent,” said Roger Argus, Tetra Tech Chief Executive Officer. “We look forward to continuing to use our Leading with Science® approach and leverage the latest technologies to provide exceptional results for this critical program that protects both human health and the environment.”

About Tetra Tech

Tetra Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects worldwide. With more than 25,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading with Science® to address the entire water cycle, protect and restore the environment, and design sustainable and resilient infrastructure. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

More News From Tetra Tech, Inc.

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Key Takeaways Tetra Tech secured a single-award deal for EWA's CLEAR project involving digital infrastructure upgrades.TTEK will integrate systems for biogas, emissions controls, energy storage and microgrid operations.The project aims to enhance wastewater efficiency and resource recovery through upgraded systems. Tetra Tech, Inc. (TTEK - Free Report) recently announced that it has secured a single-award deal from Encina Wastewater Authority (EWA). The latest deal will involve the company providing digital automation and operational technology network solutions for EWA’s Cogeneration Low-Emission Augmentation and Retrofit (CLEAR) project in California.

As part of the deal, Tetra Tech will help in installing microgrid control and gas conditioning systems within the digital infrastructure of the facility. TTEK’s digital systems professionals will work on integrating information systems across biological trickling filters, oxidation catalyst emissions controls, a digester biogas conditioning facility, a 1-megawatt linear generator facility and a 1.5 megawatt-hour battery energy storage system.

This will improve the wastewater treatment process by enhancing the biogas efficiency and reducing emissions, thereby supporting EWA in offering reliable wastewater treatment and resource recovery services.

This deal is a testimony to the long-standing collaboration between both the entities. It’s worth noting that TTEK has been providing operational technology and systems integration services since 2017.

Lately, Tetra Tech has received a series of deals that are likely to drive its growth. In June 2026, TTEK secured a contract from Chelan County Public Utility District (“PUD”) for the Hydropower Dam Spillway Modernization Project at the Rock Island and Rocky Reach hydroelectric dams in Washington. The company will serve as the lead design engineer as part of a team that includes Kuney Construction and J.F. Brennan.

Also, it recently secured an engineering and technical consultancy framework from a Scotland-based company, Scotland Excel, to provide services for infrastructure and environmental projects across Scotland.

TTEK’s Zacks Rank and Price PerformanceTetra Tech is benefiting from its diversified business model, strong demand across client sectors and a robust backlog, supporting revenue growth and prompting it to raise its fiscal 2026 revenue outlook.

Image Source: Zacks Investment Research

TTEK currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 3.2% in the past month compared with the industry’s 2.5% growth.

Rising costs could weigh on TTEK’s profitability in the coming quarters. The company’s international presence exposes it to currency swings and economic challenges in global markets.

Stocks to ConsiderSome better-ranked companies from the same space are discussed below:

Quanta Services (PWR - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Quanta Services has a trailing four-quarter average earnings surprise of 10.3%. In the past 60 days, the Zacks Consensus Estimate for PWR’s 2026 earnings has increased 5.9%.

Sterling Infrastructure, Inc. (STRL - Free Report) presently sports a Zacks Rank of 1. Sterling Infrastructure delivered a trailing four-quarter average earnings surprise of 29.1%.

In the past 60 days, the consensus estimate for STRL’s 2026 earnings has increased 41.7%.

Cardinal Infrastructure Group Inc. (CDNL - Free Report) presently carries a Zacks Rank #2 (Buy). Cardinal Infrastructure delivered an earnings surprise of 27.8% in the last reported quarter.

In the past 60 days, the consensus estimate for CDNL’s 2026 earnings has increased 14%.

Key Takeaways Tetra Tech secured positions across all nine lots in Scotland Excel's four-year consultancy framework.TTEK will support councils with drainage, flooding, coastal, maritime and transportation projects.The award extends Tetra Tech's relationship with Scotland Excel, which began in 2013. Tetra Tech, Inc. (TTEK - Free Report) recently secured a framework from a Scotland-based company, Scotland Excel, to provide services for infrastructure and environmental projects across Scotland. Scotland Excel serves as the procurement organization for local governments across the country.

Under the four-year, multiple-award Engineering and Technical Consultancy Framework, TTEK secured positions across all nine service lots. The company’s engineers and technical specialists will provide consulting and engineering services to local councils across the country. This includes project planning, delivery and management services.

It also covers drainage and flooding, coastal and maritime projects, transportation and master planning. These services will help local councils develop and manage critical infrastructure projects more effectively.

Tetra Tech has been providing engineering design services to Scotland Excel since 2013 and supported various initiatives across the region. The latest deal further strengthens the long-standing relationship between the two organizations.

Lately, Tetra Tech has received a series of deals that are likely to drive its growth. In June 2026, TTEK secured a contract from Chelan County Public Utility District (“PUD”) for the Hydropower Dam Spillway Modernization Project at the Rock Island and Rocky Reach hydroelectric dams in Washington. The company will serve as the lead design engineer as part of a team that includes Kuney Construction and J.F. Brennan.

In April 2026, Tetra Tech secured a multi-year engineering and consulting contract from Waterschap Aa en Maas to support the expansion of wastewater treatment facilities and modernization of water infrastructure across the southern Netherlands.

The company will provide wastewater treatment design, water resource management, flood defense, and environmental engineering solutions to help improve clean water availability and protect against flooding for approximately 780,000 residents and 17,000 businesses across 20 municipalities.

TTEK’s Zacks Rank and Price PerformanceTetra Tech is benefiting from its diversified business model, strong demand across client sectors and a robust backlog, supporting revenue growth and prompting the company to raise its fiscal 2026 revenue outlook.

TTEK currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 7.8% in the past three months compared to the industry’s 22.6% growth.

Image Source: Zacks Investment Research

Rising costs could weigh on TTEK’s profitability in the coming quarters. The company’s international presence exposes it to currency swings and economic challenges in global markets.

Stocks to ConsiderSome better-ranked companies are discussed below:

Comfort Systems USA, Inc. (FIX - Free Report) currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

FIX delivered a trailing four-quarter average earnings surprise of 39.29%. In the past 60 days, the Zacks Consensus Estimate for Comfort Systems' 2026 earnings has increased 0.80%.

Everus Construction Group, Inc. (ECG - Free Report) presently carries a Zacks Rank of 1. The company delivered a trailing four-quarter average earnings surprise of 61.97%.

In the past 60 days, the consensus estimate for ECG’s 2026 earnings has increased 6.30%.

Knife River Corporation (KNF - Free Report) presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter average earnings surprise of 2.74%.

In the past 60 days, the consensus estimate for KNF’s 2026 earnings has increased 3.43%.

Shares of Tetra Tech, Inc. (NASDAQ: TTEK - Get Free Report) have earned an average rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average

FTSE 100 up 160 points to 10,127 Brent crude oil hovers around $115/barrel Iran says US diplomatic demands 'unrealistic' Asos hails strong Debenhams turnaround  5.30pm: Winning day for London stocks Despite continued uncertainty over the US-Iran war and rising oil prices, London stocks rallied during Monday’s session to finish the day 160 points higher at 10,127.

4.04pm: FTSE on a flier The FTSE has enjoyed a very strong day so far, with the index up 1.6%. 

It's outperforming European stocks, where the DAX and CAC indices are both up just over 0.5%, and US stocks, where the S&P 500 is up 0.4%.

The leaderboard is led by consumer, property and financial stocks, with Burberry, Land Securities and London Stock Exchange Group among the top risers.

Burberry has been helped by some supportive analyst comments today, including from UBS.

Defence and utilities also advanced, with BAE Systems, SSE, and National Grid higher.

Chris Beauchamp at IG provides a voice for those that remain sceptical. 

“At this point it is impossible to know whether the negotiations between the US and Iran are actually occurring in some way or are merely figments of Trump’s imagination," he say.

"At any rate, the market impact of his interventions gets weaker, as we saw today. The brief bounce in stocks has rapidly fizzled out – until investors are treated to the sight of senior US officials physically getting on a plane to Pakistan to negotiate, investors will become more sceptical.”

He says the equation remains as it has done for most of the month, higher oil prices mean losses for equity markets.

"Everything else is secondary. Oil’s response has been much more muted than many had expected, but once the buffers of afloat storage are used up and shortages become commonplace, we can expect a much more dramatic move."

3pm: Oil prices ease International oil prices have eased a little this afternoon. Brent crude has dropped from above $116 this morning to just below $113 now.

The dollar is up, gold is up and market volatility via the VIX index is down.

US WTI crude is little changed however, up over 2% at around $102. 

All this follows the Trump post about talks. 

"However, we have seen these sorts of remarks repeatedly, only for the Israeli bombing to continue and Iran striking back in retaliation," says market analyst Fawad Razaqzada at Forex.com.

"In fact, Iran’s Speaker of Parliament, Ghalibaf, yesterday posted a heads-up on X, telling us exactly what to expect and how the move should then be faded."

He said it makes it difficult to know who to believe, and makes "trading these headline-driven markets in general quite difficult to navigate".

2.56pm: US tech stocks fail to hold early gains   US stocks started higher, but have flattened off, with the tech-heavy Nasdaq now only one point in the green.   

The Dow Jones is up 0.3% at 45,315, while the S&P 500 has added 0.15%.

Meanwhile, the FTSE is holding onto most of its gains, having topped 10,080 in recent minutes. 

2.25pm: Trump latest Donald Trump, in what are starting to feel like customary pre-Wall Street open Truth Social posts, said the US is in “serious discussions” with Iran.

He said the talks were being held for a “new and more reasonable regime” to end the war.

"Great progress has been made but, if for any reason a deal is not shortly reached, which it probably will be, and if the Hormuz Strait is not immediately 'Open for Business,' we will conclude our lovely 'stay' in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!), which we have purposefully not yet 'touched.'

"This will be in retribution for our many soldiers, and others, that Iran has butchered and killed over the old Regime’s 47 year ]Reign of Terror'," he said in the post. 

1.27am: More competition for banks Money transfer specialist Wise PLC (LSE:WISE) is moving into bank territory with the launch of current accounts in the UK.

The fintech launched UK current accounts today, offering to its 3 million active customers and businesses in the UK.

Noting that £250 billion is held in UK current accounts earning zero interest, Wise said its current account customers could earn a 3.26% variable rate on GBP balances through 'Wise Assets Interest'.

Looking to attract customers, Wise is enabling features for account holders such as allowing them to buy airport lounge passes through the app, and offering accounts for children under 18 linked to a parent’s account.

Wise's chief product officer said tradiational banks "haven't kept pace with what customers expect for their current account. People shouldn't need separate accounts for home and abroad. With the Wise current account, we're giving customers a smarter way to manage their daily financial needs."

12.24pm:

Flutter Entertainment PLC's (LSE:FLTR, NYSE:FLUT) prediction markets app could generate $125 million in annual revenues not yet factored into company guidance or market consensus, according to Jefferies.

The investment bank has a 16,000p price target on the global betting and gaming group, which is more than double the current share price, which sits at 7,636.95p, up 34.95p today.

Analysts note that FanDuel Predicts, Flutter's prediction market app, has sustained strong download momentum following its first major marketing campaign earlier this month.

Daily downloads peaked at 48,000 on 14 March before settling at an average of around 11,000 over the past week, well above the 3,000 daily average recorded through February prior to the campaign launch.

11.59am: M&S in the US Marks and Spencer Group PLC (LSE:MKS) is dipping another toe in the US clothing market via an agreement to sell a "curated selection" of clothing products with Nordstrom. 

Nordstrom will offer a selection of around 60 M&S womenswear items in-store and online.

M&S, which has a US-facing online store, says it is "the first time M&S Fashion will be sold in store in the US and follows the success of M&S Food, which landed in Target back in 2022".

M&S points out that just over one in 10 customers in the US are aware of M&S as a fashion brand and so it hopes Nordstrom’s "broad customer reach" will help it build brand awareness.

Market analyst Danni Hewson at AJ Bell says: “UK corporate forays in the US have been more akin to 90s bands’ largely desultory efforts than the successful British invasion of groups like The Beatles and The Rolling Stones in the 60s."

She notes that it comes nearly a quarter of a century after M&S sold the Brooks Brothers clothing chain, which was dumped at a significant loss after "a genuine retail disaster story".

"This is a much more cautious approach than it previously pursued but could nonetheless be significant if it can tap even a portion of what is an extremely large market."

The food launch with Target has been "successful if modest", Hewson says, "and shows the brand is not sitting still as it looks for different paths to growth". 

11.22am: BoE rate hikes are not likely, says UBS  Inflation will rise and growth will fall regardless of how quickly the conflict ends, says UBS economist Dean Turner, but he thinks markets are overdoing expectations for Bank of England rate hikes given already-soft labour market conditions.

Even if the war ended today, with the Strait of Hormuz fully opened, it will likely take "many weeks" for flows of oil and LNG to return to previous levels, while damage to energy infrastructure means it could be "years" for flows to return to pre-conflict levels, says Turner.

"So, it is as certain as anything can be in the world of economics that inflation will be higher and growth lower in the coming months."

The FTSE and S&P 500 have fallen around 7% over the past month, while on bond markets, yields on 10-year US Treasuries and gilts have soared due to expectations for higher inflation and weaker growth.

While this is "not an unreasonable assumption", Turner says expectations for central bank policy U-turns, which also are a key driver of bond markets, are "more questionable at this stage".

Rising inflation has flipped market expections from one or two BoE rate cuts this year, to either two to four hikes before the end of the year.

"Unquestionably, the BoE delivered a hawkish message at the last meeting, but speeches since then have seen the tone become a little more pragmatic," Turner points out.

"One thing is clear to us: rate cuts are off the table for the time being, and we currently think that November is the earliest opportunity for this.

"But the need for rate hikes is much more questionable. As many have already pointed out, there is nothing that monetary policy can do to offset the closing of the Strait of Hormuz; second-round effects of higher prices (read as accelerating wage growth) are the focus.

"Given the evident softness already in the labour market, our view is that market expectations for hikes are overdone."

However, as the conflict continues, he says "it makes sense" for investors to consider reducing risk in portfolios, "and using periods of volatility to rebalance investments in line with long-term investment plans".

10.28am: Iran says US demands 'unrealistic' and 'excessive' US proposals to end the war, says the spokesperson for Iran's Ministry of Foreign Affairs, are "unrealistic, illogical and excessive".

Esmaeil Baqaei told reporters that Iran received messages via intermediaries indicating the US’s willingness to negotiate, Reuters reports. 

“Our position is clear. We are under military aggression. Therefore, all our efforts and strength are focused on defending ourselves,” he says.

Yesterday foreign ministers from Pakistan, Egypt, Saudi Arabia, and Turkey convened in Islamabad to discuss reopening the Strait of Hormuz shipping lanes. 

10.22am: Bank of England money and credit data for February Mortgage approvals rose to 62,600 in February from 60,200 in January, above the consensus forecast of 60K. 

Meanwhile, households deposited a net £5.8 billion into banks and building societies, up from £4.3 billion the previous month – with £4.6 billion flowing into ISAs alone ahead of the tax year end.

The effective rate on newly drawn mortgages edged up to 4.10% from 4.09%.

Analysts note the figures predate the Middle East conflict and the inflationary pressures it has triggered, making them something of a snapshot of a more optimistic moment that has since passed.

"Consumers appeared comfortable with their levels of savings just prior to the War in Iran, suggesting a willingness for households to partly smooth consumption through the latest energy price shock," says Elliott Jordan-Doak, economist at Pantheon Macroeconomics. 

The improvement in housing market activity matched the good mood seen in the lending data, he says.

"But we think activity in the housing market will grind down over Q2, with much of the hit to activity in the housing market coming from a blow to sentiment, given how sensitive the market has been to the newsflow over the past few years.

"That said, fundamental affordability will also deteriorate if the MPC hikes interest rates several times this year, as the market is expecting. So, we now expect house prices to rise by just 1.0% year-over-year in Q4 2026, down from our call of 3.0% before."

9.34am: Markets higher 'but wary' While the FTSE and other European indices are higher, "intense wariness remains" in financial markets, says market analyst Susannah Streeter at Wealth Club, as concerns about the Iran war’s duration continue.

President Trump’s words are "no longer holding as much sway, with increasing scepticism about his claims about the war’s trajectory", says Streeter.

"While last week his boast that significant progress had been made in talks saw a sharp reversal in oil prices, today it’s a different story. Brent crude is staying stubbornly elevated, at the painful level of above $115 a barrel, as traders assess an increasingly complex and intractable conflict."

But she notes that Trump's messaging is also complex, if not confusing; threatening escalation on one hand, positioning to seize the strategically important Kharg Island, on the other he is claiming a deal is close to being done.

"The warnings that crude prices could hit $150 a barrel if the war continues for many weeks or even months are a highly troubling prospect. Qatar forecast that possibility and Iran has warned that crude prices could even hit $200 a barrel.

"Given the destruction of energy facilities and the ongoing blockade of the Strait of Hormuz, any big retreat in crude prices looks unlikely right now. However, there are no shortages of supply, and panic at the pumps will cause even more problems."

9.12am: Footsie stepping higher After just over an hour of trading, the FTSE 100 is firmly higher, with many of the index's heavyweights putting in solid gains.

Of the top 12 largest stocks, only two are in the red (HSBC down 0.5% and Rolls down 0.2%), with many of them up well over 1%.

While oil giants Shell and BP are both up around 1.5% due to the elevated crude price, AstraZeneca, BAT, Glencore, National Grid and BAE Systems are all up strongly. 

Rio Tinto is top of the risers after reassuring investors that it is keeping guidance intact after a tropical cyclone caused some shipping terminals to shut.  

8.46am: A rare IPO  London has a new arrival on the market this morning.

Halo Minerals, a company looking to extract copper from legacy mining waste in northern Chile, has raised £4 million and listed on AIM.

The shares started on the back foot as trading began this morning, dropping 4% to 17.25p from the 18p issue price of the initial public offering.

Operations are focused on processing tailings at the 100% owned Playa Verde project in the Atacama region, the prolific copper-producing area where BHP's Escondida mine is based, along with operations of state-owned giant Codelco, which has partnerships with Antofagasta, Freeport-McMoRan and Rio Tinto.

8.15am: FTSE starts week in green The FTSE 100 has begun the week slightly on the front foot, up around 13 points to just over 9,980.

A 3.6% rise for Rio Tinto, outperforming smaller gains for the wider mining sector, with Glencore next, up 0.9%. 

Housebuilders such as Barratt Redrow and utilities such as SSE were helping, likely to be boosted as government bond yields retreated (see analysis below). 

Biggest fallers are 3i Group, Informa, HSBC and Whitbread. 

7.44am: Boohoo hails cost cutting impact on profits Boohoo Group PLC (AIM:DEBS) has delivered underlying profits comfortably ahead of its own guidance, with EBITDA up 36% to £53 million in the year to February, driven by a 76% surge in the second half.

The online fashion retailer, which operates under the Debenhams brand, said the second-half growth reflected the accelerated impact of its cost-cutting and restructuring programme.

Chief executive Dan Finley said the business had reset its cost base, completed a warehouse consolidation, migrated to a new technology platform and "rightsized" its stock levels – work he described as "significant progress, ahead of our plan".

Finley has also nudged up the outlook for the coming year too.

7.33am: Market analysis - oil up but bonds ease With a new threat to shipping through the Suez Canal over the weekend, oil prices have continued to climb as we start a new week, with Brent crude topping $116 a barrel earlier and sitting above $115.

"Several factors have contributed," says Henry Allen at Deutsche Bank's macro strategy team, but the joining of the Iran-backed Houthis to the Middle East conflict over the weekend, launching strikes at Israel, has raised "fears about a new front in the war".

The Wall Street Journal has also reported this morning that President Trump is weighing a military operation to extract Iran’s uranium, adding to the FT interview where he Trump openly suggested the US could take the Kharg Island export hub.

"So there’s still no sign of a clear end to the conflict, and given the various headlines, investors remain fearful about a fresh escalation.

"With everything that’s happened, the market impact is becoming increasingly serious," he says, with the S&P 500 down for five consecutive weeks for the first time since 2022, back when the global economy was facing a similar stagflationary shock, while the Nasdaq fell over 3% last week to mark its worst weekly performance since Trump's tarriff announcements last year.

"Fears about a longer conflict are evident from the energy futures curve," says Allen, with three-month Brent crude futures up another 1.8% this morning to $100.50 a barrel, which would be their highest closing level since the conflict began.

"So it’s becoming clear that markets are expecting an extended period of high oil prices, with stagflationary implications for the global economy.

"Interestingly though, the primary concern this morning has shifted back to the growth side rather than inflation. So markets are pricing out the likelihood of imminent hikes and sovereign bond yields have fallen."

On the index swaps market, the next ECB meeting in April below 50% for the first time in over a week, while US 10yr Treasury yields fell back overnight from their eight-month high on Friday.

"Meanwhile for equities, US futures are stable this morning, with those on the S&P 500 unchanged, but they’re more negative in Europe, with DAX futures down -0.65%."

7.18am: FTSE 100 expected to start lower The FTSE 100 is expected to start the week with a decline of around 24 points, as energy prices continue to climb amidst threats to key shipping lanes in the Middle East and rhetoric from US President Donald Trump.

Brent crude is standing above $115 a barrel, similar to levels reached at the end of last week, with investors weighing the risk of further disruption to global energy supplies and ensuing inflation.

Trump said a deal with Iran was possible but said his preference would be to “take the oil”, he told the FT, which would involve ground troops seizing the key export hub Kharg Island.

But, per Reuters, he told reporters on Air Force One: "I think we’ll make a deal with them, I’m pretty sure. But it’s possible we won’t."

The London index closed at 9,967.35 last week, down around five points on the last day of trading, up around 50 over the week but down over 800 points since the start of the month. 

Asian markets are down this morning, with Japan's Nikkei 3%, while the Hang Seng is down 1% and India's Sensex 1.4% lower.  

American Rare Earths Ltd (ASX:ARR, OTCQX:ARRNF) has commissioned a key technical study aimed at advancing its ambitions to move further down the rare earths value chain, engaging US engineering group Tetra Tech (NASDAQ:TTEK) to assess pathways from oxide production to metal for its flagship Halleck Creek project in Wyoming.

The Oxides to Metals study will evaluate how the company can convert separated heavy rare earth oxides into metal — a critical midstream step immediately preceding the manufacture of permanent magnets used across defence and advanced technology applications.

The move builds on American Rare Earths’ broader strategy to establish an integrated, US-based rare earths supply chain, at a time when policymakers are seeking to reduce reliance on China’s dominance in midstream processing and magnet production.

Study targets critical heavy rare earths suite The work will focus on the company’s heavy rare earth elements (HREE) suite — including samarium, gadolinium, terbium and dysprosium — which are essential for high-temperature permanent magnets used in electric vehicles, defence systems and clean energy technologies.

Tetra Tech will assess a range of processing technologies, including molten salt electrolysis and calciothermic reduction, before selecting a preferred development pathway.

Key outputs from the study are expected to include:

A preferred processing technology for oxide-to-metal conversion A process flow diagram and mass balance A major equipment list Preliminary capital and operating cost estimates An assessment of the strategic and operational benefits of integrating metal production with planned refining operations in Wyoming The study will be led out of Tetra Tech’s Salt Lake City, Utah, office.

Extending Halleck Creek’s value chain The initiative represents the next step in assessing how far downstream American Rare Earths can take production from Halleck Creek, which the company has previously highlighted as one of the largest known rare earth deposits in North America.

With bench-scale work already demonstrating the ability to produce separated rare earth oxides, the current study shifts focus to downstream integration — from mining and refining through to metal production within the United States.

CEO Mark Wall said the work aligns with the company’s goal of building a secure domestic supply chain.

“American Rare Earths believes that advancing oxide-to-metal options for its heavy rare earths stream is an important step toward realising its vision of a Wyoming-based, mine-to-magnet contribution to the US rare earths supply chain,” he said.

Aligning with US policy priorities The study also positions American Rare Earths within a broader push by the US government to develop domestic capabilities across the rare earths value chain.

China currently dominates the midstream segment, including oxide separation and metal production. In response, US policymakers have identified rare earths as a strategic priority, supporting initiatives that strengthen domestic processing and manufacturing capacity.

By evaluating in-country metal production, American Rare Earths is aiming to offer future customers and partners a jurisdictionally secure supply of critical materials — particularly heavy rare earth metals, which are typically more constrained and strategically valuable than their light rare earth counterparts.

Building on recent momentum The oxide-to-metal study follows a series of developments aimed at advancing Halleck Creek and strengthening the company’s technical and strategic capabilities.

Recent updates have included supplying ore from Halleck Creek for US Department of Energy-backed research programs and expanding leadership with senior technical appointments to drive project development.

The company has also been progressing broader project studies and refining its development pathway as it seeks to position Halleck Creek as a cornerstone asset in the emerging US rare earths supply chain.

With the latest study now under way, American Rare Earths is moving to define how its resource can translate into higher-value downstream products — a step that could materially influence project economics and strategic relevance as global demand for critical minerals continues to accelerate.

Tetra Tech (TTEK - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Tetra basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

For Tetra, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for TetraFor the fiscal year ending September 2026, this consulting and engineering services company is expected to earn $1.50 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Tetra. Over the past three months, the Zacks Consensus Estimate for the company has increased 1%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Tetra to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

PASADENA, Calif.--(BUSINESS WIRE)-- #leadingwithscience--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that Northern Ireland Water, the region's sole provider of water and sewage services, has selected Tetra Tech to provide high-end water and wastewater sampling services for water quality protection and enhanced resiliency of their water supplies. Tetra Tech's water and environment experts wil.

PASADENA, Calif.--(BUSINESS WIRE)-- #consultingandengineering--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment and sustainable infrastructure, today announced results for the second quarter ended March 29, 2026. Revenue and revenue, net of subcontractor costs (net revenue)1, in the second quarter totaled $1.22 billion and $1.05 billion, respectively. Net revenue increased 8% Y/Y excluding USAID / DOS and disasters. Operating income was $132 million.

Tetra Tech, Inc. (TTEK) Q2 2026 Earnings Call Transcript

Tetra Tech is rated buy with a $42 price target, offering ~40% upside from current levels. Q2 FY26 marked an inflection point: backlog grew 8% sequentially to $4.28B, EBITDA margin expanded 90 bps, and record cash flow was achieved. TTEK's digital automation portfolio (WaterNet, PFAScrub) and high-margin fixed-price contract mix drive competitive differentiation and margin expansion.

Highlights

Abasca Resources Inc. has engaged Tetra Tech Canada Inc. to complete a Preliminary Economic Assessment ("PEA") on the 100%-owned Loki Flake Graphite Deposit (Loki Deposit), marking a key step in advancing the deposit from exploration toward a development-ready asset.

The PEA will incorporate an updated Mineral Resource Estimate ("MRE") that reflects the materially extended strike length of the Loki Deposit defined by the 2025 and 2026 drilling.

The study scope covers the conceptual mine design, a metallurgical flowsheet for high-grade flake graphite concentrate, and infrastructure analysis leveraging the proximity to the Key Lake mill site, with strategic oversight from High Grade Mining Consulting Ltd.

SASKATOON, SK / ACCESS Newswire / May 26, 2026 / Abasca Resources Inc. ("Abasca" or the "Company") (TSXV:ABA) is pleased to announce that it has engaged Tetra Tech Canada Inc. ("Tetra Tech") to complete a Preliminary Economic Assessment ("PEA") for the Loki Flake Graphite Deposit at the Company's 100%-owned Key Lake South Project located in northern Saskatchewan (Figure 1).

The engagement of Tetra Tech, a leading global provider of consulting and engineering services, marks a significant milestone in advancing the Loki Deposit from an exploration project toward a development-ready asset. The PEA will provide an initial evaluation of the project's economic potential, including capital and operating cost estimates, mine design, and metallurgical recovery processes.

Advancing the Loki Flake Graphite Deposit

The PEA will incorporate an updated Mineral Resource Estimate, which reflects the successful 2025 and 2026 drilling programs. These programs extended the delineated strike length of the Loki Deposit from 500 metres to approximately 1,400 metres (Figure 2), providing a larger mineralized footprint to be included in the updated MRE that will underpin the PEA. The study, which will be used to identify additional exploration work, will also build upon the environmental baseline studies, metallurgical testing, and geotechnical drilling data acquired over the previous year, as well as incorporate strategic input from High Grade Mining Consulting Ltd., led by Gary Haywood, P.Eng., who was recently engaged to oversee technical de-risking and project strategy.

The study will include:

Mineral Resource Estimate (MRE) Update: Incorporate and model data from more than 50 infill and extension drillholes completed in 2025 and 2026, which were not included in the maiden MRE. The updated MRE, to be prepared by Understood Mineral Resources Ltd., will reflect the expanded strike length of the Loki Deposit and support upgrades to higher resource classifications.

Open Pit Mine Engineering: design of a starter pit for bulk sampling to support a flotation pilot plant during the advanced exploration phase as well as a full-scale pit design from the optimization shell and Life of Mine production schedule

Mineral Processing: incorporate all metallurgical testing completed on the project and to facilitate the site-specific process design flowsheet for producing high-grade flake graphite concentrates.

Infrastructure: leverage the project's proximity to existing infrastructure that provides the project with Highway access and grid-power.

Environmental Studies, Permitting, and Social/Community Impact: using work-to-date to describe the project's environmental setting, baseline data collection, site water management, permitting requirements, and socioeconomic and community engagement.

Economic Analysis: provision of a capital cost estimate and operating cost estimate to support the production of a graphite concentrate on site.

"Engaging Tetra Tech is a pivotal step in our Fast-Track Roadmap to Production. Tetra Tech's extensive experience with northern Saskatchewan projects and its global expertise in graphite processing make it the ideal partner to help us unlock the value of the Loki Deposit. This PEA will provide the technical and economic framework required to advance the project into the Feasibility stage and ultimately bring this critical mineral asset into production," said Dawn Zhou, President and CEO of Abasca.

For more information on the Loki Flake Graphite Deposit and an overview of the Key Lake South Project, please visit the Company's website at https://www.abasca.ca.

Figure 1: Map of the Key Lake South Project area showing the location of the Loki Flake Graphite Deposit.

Figure 2: Oblique view of the Loki Flake Graphite Deposit showing the mineralized graphite zones and the 2024 mineral resource model and pit-optimized shell. The delineated strike length of mineralization has now been extended to 1,400 m.

Qualified Person

The technical information in this news release has been reviewed and approved by Brian McEwan, P.Geo., a Qualified Person as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. McEwan is the Vice-President of Exploration and Development of Abasca.

About Tetra Tech Canada Inc.

Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With a strong presence in Canada, Tetra Tech has been involved in several world-class mining projects in the Athabasca Basin and possesses specialized expertise in critical minerals and sustainable resource development.

About Abasca Resources Inc.

Abasca is a mineral exploration company that is primarily engaged in the acquisition and evaluation of mineral exploration properties. The Company owns the Key Lake South Project (KLS), a 23,977-hectare exploration project located in the Athabasca Basin Region in northern Saskatchewan, approximately 15 km south of the former Key Lake mine and current Key Lake mill. The project possesses geological similarities with and is along-strike of the past-producing Key Lake Mine and hosts over 50 km of prospective conductors for potential uranium mineralization. KLS is also host to the Loki Flake Graphite Deposit comprising a total inferred resource of 11.31 Mt at 7.65 % Cg. Subsequent drilling programs in 2025 and 2026 have extended the strike length of the Loki Deposit, and these results will be incorporated into the updated mineral resource estimate that will underpin the upcoming PEA. Please refer to the technical report dated May 29, 2025, with an effective date of April 10, 2025 and titled "Technical Report on the Key Lake South Project with Initial Mineral Resource Estimate for the Loki Flake Graphite Deposit, Saskatchewan, Canada", filed under the Company's profile on the SEDAR+ website, for further information about the current resource estimate.

On behalf of Abasca Resources Inc.

Dawn Zhou, M.Sc, CPA
President, CEO and Director

For more information visit the Company's website at https://www.abasca.ca or contact:

Abasca Resources Inc.
Email: [email protected]
Telephone: +1 (306) 933 4261

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information

This press release may contain certain forward-looking information ("forward-looking information") within the meaning of applicable Canadian securities legislation that are not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Forward-looking information reflects management's current beliefs with respect to future events and is based on information currently available to management. Forward-looking information contained in this press release includes, but is not limited to, statements relating to an updated mineral resource estimate for the Loki Deposit; the preparation of a preliminary economic assessment for the Loki Deposit that will provide an initial evaluation of the project's economic potential, including capital and operating cost estimates, mine design and metallurgical recovery processes; the de-risking of the Loki Deposit; the advancement of the Loki Deposit from an exploration project towards a development-ready asset; the PEA providing the technical and economic framework required to advance the Loki Deposit into the feasibility stage and ultimately bring the project into production; and the acceleration of the Company's path towards its production goals. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. Abasca undertakes no obligation to comment on analyses, expectations, or statements made by third-parties in respect of Abasca, its securities, or financial or operating results (as applicable). Although Abasca believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks, uncertainties and factors, certain of which are beyond Abasca's control, including the impact of general business and economic conditions; risks related the exploration activities to be conducted on KLS, including risks related to government and environmental regulation; actual results of exploration activities; industry conditions, including uranium and graphite price fluctuations, interest and exchange rate fluctuations; the influence of macroeconomic developments; business opportunities that become available or are pursued; title, permit or license disputes related to KLS; litigation; fluctuations in interest rates; the impact of international trade disputes and the imposition of tariffs, international conflict and other geopolitical tensions and events; the Company's ability to raise additional capital; and other factors. In addition, the forward-looking information is based on several assumptions which may prove to be incorrect, including, but not limited to, assumptions about the availability of qualified employees and contractors for the Company's operations and the availability of equipment. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. Abasca disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

SOURCE: Abasca Resources Inc.

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PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end solutions in water, environment, and sustainable infrastructure, announced today that Tetra Tech was selected as lead design engineer, as part of the Kuney Construction and J.F. Brennan team, to provide planning, assessment, engineering, and construction services for the Progressive Design-Build (PDB) Hydropower Dam Spillway Modernization Project for Chelan County Public Utility District (PUD).

Under the single-award, multi-year contract, Tetra Tech’s engineers, scientists, and technical specialists will support the Chelan County PUD and the PDB team to develop new and resilient spillway infrastructure for Rock Island Dam and Rocky Reach Dam in Washington. Tetra Tech will combine advanced subject matter expertise with in-house innovative design capabilities to improve the operational reliability and safety at both hydroelectric dam facilities on the Columbia River, the fourth largest river in the United States by flow. Our teams will conduct critical infrastructure condition assessments; perform structural, mechanical, and electrical analyses to develop new spillway gates, gate auto-hoists and controls; spillway concrete rehabilitation; perform advanced seismic analyses; develop structured risk and potential failure mode (PFM) analyses; perform targeted value engineering studies; and develop innovative design solutions for both dam facilities.

“Chelan County Public Utility District owns and operates the second largest nonfederal, publicly owned hydroelectric generating system in the nation,” said Roger Argus, Tetra Tech CEO. “Tetra Tech is pleased to use our Leading with Science® approach and high-end hydropower expertise to improve the safety and operational reliability of this critical infrastructure and support Chelan County PUD in providing a safe, resilient power supply for their customers.”

About Tetra Tech

Tetra Tech is the leader in water, environment and sustainable infrastructure, providing high-end consulting and engineering services for projects worldwide. With more than 25,000 employees working together, Tetra Tech provides clear solutions to complex problems by Leading with Science® to address the entire water cycle, protect and restore the environment, and design sustainable and resilient infrastructure. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.

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