Tetra Tech Receives Environmental Business Journal Industry Award
In January 2018, Environmental Business Journal (EBJ) recognized Tetra Tech with an award for Business Achievement: Large Firms. EBI Inc. presented the annual EBJ awards for outstanding businesses at its Environmental Industry Summit XVI in San Diego, California, on March 21, 2018. The Environmental Industry Summit is an annual three-day event hosted by EBI, Inc. and 2020 Environmental Group.
Tetra Tech received EBJ's Silver Medal in the Large Business category (companies about $1 billion) for its record financial performance in 2017. EBJ noted that Tetra Tech’s “gross revenue grew to $2.8 billion, which generated operating income of $183 million representing an increase of 35% from the prior year. Backlog increased to a record $2.5 billion. Tetra Tech’s performance was well recognized by its investors, with stock price increasing 91% over the last three years.”
EBJ noted that contract wins across Tetra Tech’s markets drove the company’s performance, including major projects in the water, infrastructure, and energy sectors. EBJ reported that “In 2017 Tetra Tech responded to more emergencies than ever before, helping local communities recover from devastating hurricanes and fires primarily in Texas, Florida, and California. The international development market continued to grow with the addition of several first-time clients, including the Australian and UK Aid agencies. Tetra Tech also advanced its infrastructure engineering design practice with the acquisition of Glumac in energy efficiency and sustainable infrastructure design.”
Learn more about the EBJ Business Achievement Awards at ebionline.org.