Subsequent Events

9 Months Ended

Jun. 30, 2024

On July 29, 2024, our Board of Directors declared a quarterly cash dividend of $0.29 per share payable on August 30, 2024 to stockholders of record as of the close of business on August 15, 2024.

On July 29, 2024, our Board of Directors also approved a five-for-one stock split of our common stock. The split will be effected through an amendment to our Restated Certificate of Incorporation, which will result in a proportionate increase in the number of shares of authorized common stock. The stock split is intended to make shares more accessible to a broader base of investors and enhance liquidity in the trading of Tetra Tech’s shares. Each record holder of common stock as of the close of market on September 5, 2024, will receive four additional shares of common stock. The stock split is expected to be effective after close of trading on September 6, 2024. Trading is expected to commence on a split-adjusted basis at market open on September 9, 2024. The following table reflects basic and diluted weighted average shares and net income per share on an unaudited pro forma basis giving effect to the stock split as if it had been effective for all periods presented:


	Pro Forma (Unaudited)
	Three Months Ended				Nine Months Ended
	June 30, 2024		July 2, 2023		June 30, 2024		July 2, 2023

Net income attributable to Tetra Tech	$	85,810	$	60,235	$	237,228	$	219,771

Weighted-average common shares outstanding - basic	267,575		266,155		267,255		265,940
Effect of dilutive stock options and unvested restricted stock	2,165		2,110		2,075		2,135
Shares issuable assuming conversion of convertible notes	520		—		175		—
Weighted-average common shares outstanding - diluted	270,260		268,265		269,505		268,075

Earnings per share attributable to Tetra Tech:
Basic	$	0.32	$	0.23	$	0.89	$	0.83
Diluted	$	0.32	$	0.22	$	0.88	$	0.82

This forward stock split will trigger adjustments to the share-based ratios related to our Convertible Notes and Capped Call Transactions, see Note 15, “Long-Term Debt” of the “Notes to Consolidated Financial Statements”.