Tetra Tech Wins Environmental Business Journal Award
Each year, Environmental Business Journal (EBJ) recognizes outstanding business performance in the environmental industry with its EBJ Business Achievement Awards. The 15th annual awards will be presented at the 2012 Business Achievement Awards banquet during the kick-off of the 11th Annual Environmental Industry Summit in Coronado, CA, on March 6, 2013.
Tetra Tech, Inc., was awarded the Bronze Medal for "achieving a record year in financial performance, increasing gross revenue to more than $2.71 billion and net revenue to $2.02 billion-a 13% increase over FY 2011. Based on net revenue, international business is now Tetra Tech's largest client sector and its fastest growth market. Tetra Tech ended its fiscal year with record backlog of $2.14 billion, up 10% from the previous year. Recent expansions into Brazil and specialty oil and gas markets provide a solid foundation for continued growth in 2013.
Performance was driven by strong demand for Tetra Tech's water-related services provided to mining, energy, and industrial clients. Among its largest wins for the year was the $700 million U.S. Agency for International Development (USAID) Strengthening Tenure and Resource Rights (STARR) program contract to help improve security of property rights and access to land and related natural resources in developing countries. Other important 2012 contract wins included: a $108 million watershed protection program with the U.S. Environmental Protection Agency (EPA); a $19 million USAID Colombia clean-energy development program; and $32 million in contracts to support EPA in its efforts to reduce global emissions of methane."
For more information on the awards, visit ebionline.org.