Tetra Tech's Backlog Hits Record Amid Pipeline, Renewables Buildout

August 22, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--What do renewable-energy projects and fossil fuel pipelines have in common? Just ask engineering and consulting firm Tetra Tech Incorporated (NASDAQ:TTEK) (Pasadena, California), which is riding both waves as its list of contracts related to both sides of the energy landscape only gets bigger.

Industrial Info is tracking more than $44 billion worth of active and proposed projects across the U.S. and Canada involving Tetra Tech's services. Tetra Tech's backlog jumped 25% for its fiscal third-quarter 2023, which ended July 2, from the same period last year to a record $4.38 billion. This includes $547 million in commercial projects and task orders the company won in during the third quarter, notably orders for renewable energy and environmental restoration programs.

Other companies featured: Orsted, Nordex S.E. and Chevron Corporation (NYSE:CVX)