Tetra Tech — May 5, 2025 release

water utility   ● $48 million five-year multiple award contract for environmental engineering services for USACE Huntsville District   ● $46 million three-year multiple award contract for planning and engineering services for USACE Los Angeles District   ● £36 million three-year multiple award contract for water infrastructure services for Severn Trent Water in the U.K.   Capital Allocation, Quarterly Dividend and Share Repurchase Program   On May 5, 2025, Tetra Tech’s Board of Directors approved the Company’s 44 th consecutive quarterly dividend at an amount of $0.065 per share, a 12% increase year-over-year, payable on June 5, 2025, to stockholders of record as of May 23, 2025.   In the second quarter, Tetra Tech repurchased $150 million of common stock. Furthermore, the Board approved an additional $500 million share repurchase program. Together with the $173 million remaining under the previously approved program at the end of the second quarter of fiscal 2025, the Company had $673 million available for share repurchase.   Subsequent to the end of the second quarter, on May 5, 2025, Tetra Tech entered into an Amended and Restated Credit Agreement with a total borrowing capacity of $1.5 billion that will mature in May 2030.   Chairman and CEO Comments   Dan Batrack, Chairman and CEO, commented, “We generated record second quarter results for revenue and net income despite the decrease in revenue associated with the reorganization of USAID. Our growth in State and Local, U.S. Commercial, and International revenues more than offset this headwind, which resulted in net revenue and EPS exceeding consensus and the upper end of our guidance range for the quarter. We are seeing significant demand for our differentiated Leading with Sci