HomeMost PopularInvestingTetra Tech (TTEK) Dives Into Irelandโ€™s Water Utility Sector With Latest Framework...

Tetra Tech (TTEK) Dives Into Irelandโ€™s Water Utility Sector With Latest Framework Win

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Tetra Tech, Inc. TTEK has hit the jackpot with a five-year framework from Irelandโ€™s National Water Utility, Uisce Eireann (formerly Irish Water), making waves in the capital investment program. The project delivers comprehensive drinking water and wastewater management services to the Republic of Ireland. Uisce Eireann provides water and wastewater services to 80% of the countryโ€™s total population, and Tetra Techโ€™s engineers are set to chart new waters with their expertise. The company will steer compliance with environmental standards and advance the conservation of water resources by providing crucial technical aid. The TTEK professionals will also evaluate critical infrastructure to spearhead maintenance and investment decisions aligned with the regionโ€™s national planning and climate change policies. Tetra Techโ€™s leading-edge technologies will bolster Uisce ร‰ireannโ€™s ability to deliver safe and sustainable water services to the Ireland population.

Lately, Tetra Tech has been riding a wave of successes, sealing deals that are likely to not just make ripples, but Tsunamis. In November 2023, the company netted a $33 million contract from the U.S. Army Corps of Engineers Rock Island District, Great Lakes and Ohio River Division to provide top-notch architectural and engineering design services. In October, TTEK netted a multiple-award, $450 million contract from the U.S. Environmental Protection Agency to give a shot in the arm to the Great Lakes regionโ€™s environmental restoration efforts. In August, the company reeled in a three-year, $22 million (AUD) contract from Flotation Energy to spelunk marine environmental conditions, boosting the development of the Seadragon offshore wind project in Victoria, Australia.

Price Performance

The accolades donโ€™t stop there. In the past year, the TTEK stock has gained 4.2% against the industryโ€™s 11.8% decline, showing that Tetra Tech is cresting a new wave.

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Zacks Investment Research
Image Source: Zacks Investment Research

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Zacks Rank & Other Stocks to Consider

Tetra Tech is currently buoyed up with a Zacks Rank #2 (Buy), positioning it as a big fish in the industrial products sea. Also making waves in the same sector are other top-ranked companies.

Flowserve Corporation FLS is making waves with a Zacks Rank of 2. The company has been making their shareholders glad, delivering a trailing four-quarter average earnings surprise of 27.3% and with their stock rising 19.7% in the past year. Meanwhile, Applied Industrial Technologies, Inc. AIT is also making headway, currently carrying a Zacks Rank of 2. In the past year, their stock has jumped 19.1%.

The A. O. Smith Corporation AOS is another success story, boasting a Zacks Rank of 2, and rising 23.7% in the past year. The company has been making waves, delivering a trailing four-quarter average earnings surprise of 14%.

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