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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Jun. 30, 2024
Jul. 02, 2023
Revenue $ 1,344,323 $ 1,208,947 $ 3,824,205 $ 3,261,938
Gross profit 223,172 188,846 621,165 512,937
Selling, general and administrative expenses (94,042) (89,064) (263,293) (227,912)
Acquisition and integration expenses 0 (2,107) 0 (25,812)
Contingent consideration – fair value adjustments (500) 0 (477) (8,477)
Income from operations 128,630 97,675 357,395 250,736
Interest expense, net (9,912) (14,869) (29,374) (33,563)
Other non-operating income 0 0 0 89,402
Income before income tax expense 118,718 82,806 328,021 306,575
Income tax expense (32,894) (22,568) (90,758) (86,781)
Net income 85,824 60,238 237,263 219,794
Net income attributable to noncontrolling interests (14) (3) (35) (23)
Net income attributable to Tetra Tech, basic 85,810 60,235 237,228 219,771
Net income attributable to Tetra Tech, diluted $ 85,810 $ 60,235 $ 237,228 $ 219,771
Earnings per share attributable to Tetra Tech:        
Basic (in dollars per share) $ 1.60 $ 1.13 $ 4.44 $ 4.13
Diluted (in dollars per share) $ 1.59 $ 1.12 $ 4.40 $ 4.10
Weighted-average common shares outstanding:        
Basic (in shares) 53,515 53,231 53,451 53,188
Diluted (in shares) 54,052 53,653 53,901 53,615
Subcontractor costs        
Cost of revenue $ (234,742) $ (221,387) $ (646,828) $ (568,252)
Other costs of revenue        
Cost of revenue $ (886,409) $ (798,714) $ (2,556,212) $ (2,180,749)