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Local Tetra Tech Unveils 2030 Vision During Inaugural Investor Day at Nasdaq’s New York Headquarters

East Pasadena-based engineering firm projects strong growth in water, environment and sustainable infrastructure markets

Published on Wednesday, May 15, 2024 | 6:35 am
 

Tetra Tech, Inc., a leading provider of high-end consulting and engineering services headquartered in East Pasadenas, hosted its inaugural Investor Day at Nasdaq’s Global Headquarters in New York City on Tuesday, May 14, 2024. The East Pasadena-based company presented its 2030 vision for long-term growth drivers and financial targets.

The company expects regulatory requirements, economic drivers, and government priorities to drive its future performance to an even higher level from its current record results. Tetra Tech’s strategy builds on more than five decades of expertise in high-end consulting, augmented by the benefits of adding recurring revenue from its proprietary suite of software applications.

Key growth drivers include leveraging its technical leadership in water and environment to address new regulatory requirements for emerging contaminants, including PFAS, increasing funding in research and development and new technologies to address greater complexity in watershed management, coastal protection and decarbonization, further use of proprietary data analytic tools and artificial intelligence augmented consulting services to increase productivity and enhance margin, and higher recurring revenue from software subscriptions.

“As we look to 2030, Tetra Tech’s services are better aligned today than ever before to address global priorities in the water, environment and sustainable infrastructure markets,” said Dan Batrack, Chairman and CEO.

The company’s 2030 financial targets include total compounded annual revenue growth in the range of 10% to 15%, with organic revenue growth in the range of 6% to 10% and acquisitive revenue growth in the range of 4% to 5%, EBITDA margin expansion of more than 50 basis points per year, and annual cash flow from operations greater than net income.

“The strategic plan presented at our inaugural Investor Day represents a doubling of our revenue by 2030 along with a consistent expansion in EBITDA margin that will compound to generate cash flow at an even higher level to support our capital allocation programs and shareholder returns,” said Steve Burdick, Chief Financial Officer.

The replay of the webcast is available on the Company’s website at tetratech.com/investors.

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