Tetra Tech

Sands Capital’s Q2 2026 letter describes Tetra Tech as the US market leader in water-related engineering and a primary beneficiary of increased US infrastructure and manufacturing investment. The fund bought Tetra Tech in December 2024 on a valuation opportunity amid political uncertainty but flags mixed operational execution and concerning backlog dynamics. While acknowledging the company’s strategic exposure to water and domestic projects, Sands Capital prefers higher-conviction holdings with more differentiated earnings and valuation potential. » More on finance.yahoo.com

Tetra Tech was selected by the U.S. Army Corps of Engineers Mobile District for a $49 million, five-year multiple-award contract to provide architect-engineer design and technical services for inland and coastal navigation and water resources infrastructure in the Southeastern U.S. The company also secured a single-award contract with Encina Wastewater Authority to deliver digital automation and operational technology solutions and continues work with Scotland Excel on resilient infrastructure projects. These awards reinforce Tetra Tech’s role in water, environment, and infrastructure engineering services. » More on finance.yahoo.com

Tetra Tech was selected as the lead design engineer for the Chelan County Public Utility District’s Progressive Design-Build Hydropower Dam Spillway Modernization Project. Under the multi-year contract, the firm will perform condition assessments and structural, mechanical, electrical and seismic analyses for new closure gates, automatic hoists, controls and rehabilitation work on the spillways of Rock Island Dam and Rocky Reach Dam on the Columbia River. Contract value and schedule were not disclosed. Tetra Tech provides consulting and engineering services for water, environmental and infrastructure projects and employs more than 25,000 people. » More on de.investing.com