Quarterly Financial Information – Unaudited

12 Months Ended

Oct. 01, 2023

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information – Unaudited

In the opinion of management, the following unaudited quarterly data for the fiscal 2023 and 2022 reflect all adjustments necessary for a fair statement of the results of operations (in thousands, except per share data).

In the fourth quarter of fiscal 2022 and in the first and second quarters of fiscal 2023, we recognized a $19.9 million, $68.0 million and $21.4 million, respectively, of unrealized gain on a foreign currency forward contract related to the planned acquisition of RPS. We also recorded a $16.4 million of a non-cash impairment charge related to our ROU operating lease assets in the fourth quarter of fiscal 2023 (see Note 10, "Leases" for more information). Additionally, we incurred $33.2 million of acquisition and integration expenses in fiscal 2023 (largely comprised of $19.9 million in the second quarter and $7.3 million in fourth quarter) as described in Note 5, "Acquisitions".


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter

Fiscal Year 2023
Revenue	$	894,766	$	1,158,226	$	1,208,947	$	1,260,611
Income from operations	92,050		61,011		97,675		107,377
Net income attributable to Tetra Tech	116,706		42,830		60,235		53,649
Earnings per share attributable to Tetra Tech:
Basic	$	2.20	$	0.80	$	1.13	$	1.01
Diluted	$	2.18	$	0.80	$	1.12	$	1.00

Weighted-average common shares outstanding:
Basic	53,069		53,227		53,231		53,247
Diluted	53,529		53,627		53,653		53,702

Fiscal Year 2022
Revenue	$	858,510	$	852,744	$	890,231	$	902,562
Income from operations	87,220		74,520		83,905		94,802
Net income attributable to Tetra Tech	68,489		53,040		58,650		82,947
Earnings per share attributable to Tetra Tech:
Basic	$	1.27	$	0.99	$	1.10	$	1.56
Diluted	$	1.25	$	0.98	$	1.09	$	1.55

Weighted-average common shares outstanding:
Basic	53,937		53,834		53,507		53,148
Diluted	54,577		54,346		54,006		53,667