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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2024
Apr. 02, 2023
Mar. 31, 2024
Apr. 02, 2023
Revenue $ 1,251,616 $ 1,158,226 $ 2,479,883 $ 2,052,991
Gross profit 207,495 170,846 397,993 324,091
Selling, general and administrative expenses (89,812) (82,347) (169,229) (138,848)
Acquisition and integration expenses 0 (19,944) 0 (23,705)
Contingent consideration – fair value adjustments 0 (7,544) 0 (8,477)
Income from operations 117,683 61,011 228,764 153,061
Interest expense, net (9,883) (13,323) (19,461) (18,695)
Other non-operating income 0 21,407 0 89,402
Income before income tax expense 107,800 69,095 209,303 223,768
Income tax expense (31,341) (26,254) (57,864) (64,212)
Net income 76,459 42,841 151,439 159,556
Net income attributable to noncontrolling interests (13) (11) (21) (20)
Net income attributable to Tetra Tech, basic 76,446 42,830 151,418 159,536
Net income attributable to Tetra Tech, diluted $ 76,446 $ 42,830 $ 151,418 $ 159,536
Earnings per share attributable to Tetra Tech:        
Basic (in dollars per share) $ 1.43 $ 0.80 $ 2.83 $ 3.00
Diluted (in dollars per share) $ 1.42 $ 0.80 $ 2.81 $ 2.98
Weighted-average common shares outstanding:        
Basic (in shares) 53,484 53,227 53,419 53,165
Diluted (in shares) 53,875 53,627 53,825 53,595
Subcontractor costs        
Cost of revenue $ (198,989) $ (188,661) $ (412,087) $ (346,865)
Other costs of revenue        
Cost of revenue $ (845,132) $ (798,719) $ (1,669,803) $ (1,382,035)