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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 30, 2025
Mar. 31, 2024
Mar. 30, 2025
Mar. 31, 2024
Revenue $ 1,322,113 $ 1,251,616 $ 2,742,674 $ 2,479,883
Gross profit 214,182 207,495 435,659 397,993
Selling, general and administrative expenses (84,094) (89,798) (168,411) (169,251)
Legal contingency costs 0 0 (115,000) 0
Contingent consideration – fair value adjustments 1,931 (14) 2,297 22
Goodwill impairment (92,416) 0 (92,416) 0
Income from operations 39,603 117,683 62,129 228,764
Interest expense, net (8,491) (9,883) (15,709) (19,461)
Income before income tax expense 31,112 107,800 46,420 209,303
Income tax expense (25,700) (31,341) (40,230) (57,864)
Net income 5,412 76,459 6,190 151,439
Net income attributable to noncontrolling interests (24) (13) (55) (21)
Net income attributable to Tetra Tech $ 5,388 $ 76,446 $ 6,135 $ 151,418
Earnings per share attributable to Tetra Tech:        
Basic (in dollars per share) $ 0.02 $ 0.29 $ 0.02 $ 0.57
Diluted (in dollars per share) $ 0.02 $ 0.28 $ 0.02 $ 0.56
Weighted-average common shares outstanding:        
Basic (in shares) 265,728 267,420 266,819 267,095
Diluted (in shares) 267,439 269,375 269,691 269,125
Subcontractor costs        
Cost of revenue $ (218,408) $ (198,989) $ (441,639) $ (412,087)
Other costs of revenue        
Cost of revenue $ (889,523) $ (845,132) $ (1,865,376) $ (1,669,803)