Tetra Tech Wins $416M Civil Engineering Contracts From USACE

Tetra Tech, Inc. TTEK and its joint venture partner have secured three $416 million contracts from the U.S. Army Corps of Engineers (USACE), Honolulu District to offer technical services for facilities and sites across the Indo-Pacific region.Per the five-year, multiple-award deals, TTEK’s scientists and engineers will deliver civil works, military base infrastructure and planning projects. This includes advanced computer modeling and engineering design services to support master planning, area development plans and technical specifications for resilient and efficient infrastructure.They will also conduct detailed facility assessments to ensure optimal functionality and performance. TTEK will focus on optimizing water resources infrastructure and developing integrated water resource management plans to enhance sustainability.Lately, Tetra Tech has received a series of deals that are likely to drive its growth. In October 2024, it secured a $249 million contract from the USACE Omaha District to offer environmental evaluation and design services for facilities and sites across the United States.In September 2024, TTEK secured a $39.3 million contract from the United States Agency for International Development (USAID). The deal involves the company supporting USAID’s Engendering Industries program.In July 2024, the company received a $73 million deal from the USAID to enhance the availability of cost-effective and dependable electricity across 18 nations in West Africa. Also, in March 2024, it secured a $375 million multiple-award contract from the National Aeronautics and Space Administration (NASA). Per the five-year contract, Tetra Tech will offer environmental restoration and compliance services at NASA facilities across the United States.TTEK’s Zacks Rank and Price PerformanceTetra Tech currently carries a Zacks Rank #4 (Sell). Shares of the company have lost 18% in the past year compared with the industry‘s 8.4% decline.Image Source: Zacks Investment ResearchTetra Tech is grappling with escalating operating costs and expenses, which are likely to affect its margins in the quarters ahead. High debt levels may raise the company’s financial obligations and drain its profitability. However, TTEK remains focused on providing high-end consulting, design and engineering services.Stocks to ConsiderSome better-ranked companies are discussed below.RBC Bearings Incorporated RBC currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.RBC delivered a trailing four-quarter average earnings surprise of 4.9%. In the past 60 days, the Zacks Consensus Estimate for RBC’s fiscal 2025 earnings has increased 1.3%.Allegion plc ALLE presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 9.9%.In the past 60 days, the consensus estimate for ALLE’s 2025 earnings has increased 1.6%.The Middleby Corporation MIDD presently carries a Zacks Rank of 2. MIDD delivered a trailing four-quarter average earnings surprise of 1.9%.In the past 60 days, the consensus estimate for MIDD’s 2025 earnings has inched up 1%.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tetra Tech, Inc. (TTEK): Free Stock Analysis Report RBC Bearings Incorporated (RBC): Free Stock Analysis Report The Middleby Corporation (MIDD): Free Stock Analysis Report Allegion PLC (ALLE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks