Tetra Tech Receives Three Industry Awards from Environmental Business Journal
In January 2020, Environmental Business Journal (EBJ) recognized Tetra Tech with three industry awards for the company’s work during 2019: Business Achievement—Large Firms, Business Achievement—Mergers & Acquisitions, and a Technology Merit. EBI Inc. will present the annual EBJ awards for outstanding businesses at its 18th Annual Environmental Industry Summit in San Diego, California, on March 19.
Tetra Tech received EBJ's Gold Medal in the Large Business category (companies above $1 billion in annual revenues) for achieving all-time highs in key financial metrics, including revenue, net revenue, backlog, and earnings per share. Gross revenue exceeded $3 billion for the first time and net revenue increased from fiscal 2018 by 9 percent to $2.4 billion. The growth was driven by strong broad-based demand from its clients, led by its U.S. state and local government business, which increased more than 25 percent compared to fiscal 2018. This is the fourth consecutive year of double-digit organic growth for the state and local business. In 2019, Tetra Tech continued to be recognized as the leader in Water and Environment, receiving the top ranking in the water sector by Engineering News Record (ENR) for 16 years in a row and a top-ranking company in the Environment category for 11 years in row. Tetra Tech continues to see strong momentum across its business as demonstrated by the record orders booked in fiscal 2019 that drove its backlog up 16 percent from the prior year to another all-time high of $3.1 billion.
Tetra Tech also received EBJ's Mergers & Acquisitions recognition for acquisitions in fiscal 2019 that added more than 2,000 high-end technical professionals and further advanced the company’s Leading with Science® strategy. Through the acquisitions of eGlobalTech and WYG PLC, Tetra Tech added innovative solutions enabled by digital technology and further expanded the company’s footprint in Europe and the United Kingdom. eGlobalTech is a high-end information technology solutions, cloud migration, cybersecurity, and management consulting firm. The addition of eGlobalTech and its laboratory incubator provides a platform for Tetra Tech to pilot and apply new techniques that incorporate artificial intelligence, data analytics, and advanced cybersecurity solutions for its government and commercial customers. WYG is a professional services firm that delivers consulting and engineering solutions for complex projects across key service areas, including water, environment, transport, infrastructure, the built environment, asset management, program management, and international development. WYG’s expertise and geographic presence enables Tetra Tech to deliver innovative solutions to support the United Kingdom’s infrastructure needs. In addition, WYG enhances Tetra Tech’s international development business both for the European Union and the United Kingdom’s Department for International Development.
EBJ recognized Tetra Tech with a Technology Merit for its development of the electronic Catch Documentation and Traceability (eCDT) system to track the fishing process from “bait to plate.” Tetra Tech is working with the U.S. Agency for International Development (USAID) on its Oceans and Fisheries Partnership (Oceans) project to reduce illegal fishing and improve sustainability in Southeast Asia. Learn more about the project here.Learn more about the EBJ Business Achievement Awards at ebionline.org.