-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EKq45IQ1Y1ukY867rm21YrJ9Y2sM28X89My8FoKr9h3tNjgWpJFVgL27i5x1VjaA z1cZF80O4vaDomgs7L5LtA== 0001047469-03-002190.txt : 20030123 0001047469-03-002190.hdr.sgml : 20030123 20030122211416 ACCESSION NUMBER: 0001047469-03-002190 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030122 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TETRA TECH INC CENTRAL INDEX KEY: 0000831641 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING SERVICES [8711] IRS NUMBER: 954148514 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19655 FILM NUMBER: 03521488 BUSINESS ADDRESS: STREET 1: 670 N ROSEMEAD BOULEVARD CITY: PASEDENA STATE: CA ZIP: 91107-2190 BUSINESS PHONE: 6263514664 MAIL ADDRESS: STREET 1: 670 N ROSEMEAD BLVD CITY: PASADENA STATE: CA ZIP: 91107 8-K 1 a2101379z8-k.htm FORM 8-K
QuickLinks -- Click here to rapidly navigate through this document

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


Form 8-K


Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934

Date of Report (Date of earliest event reported) January 22, 2003

Tetra Tech, Inc.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation)
0-19566
(Commission File No.)
95-4148514
(I.R.S. Employer Identification No.)

3475 East Foothill Boulevard, Pasadena, California 91107
(Address of principal executive offices)                         (Zip Code)

Registrant's telephone number, including area code (626) 351-4664

670 North Rosemead Boulevard, Pasadena, California 91107-2190
(Former name or former address, if changed since last report.)





Item 5. Other Events

        On January 22, 2003, Tetra Tech, Inc. ("Tetra Tech") announced results for its first fiscal quarter ended December 29, 2002. Tetra Tech's press release, dated January 22, 2003, titled "Tetra Tech Reports First Quarter 2003 Results" is attached hereto as Exhibit 99.1.


Item 7. Financial Statements and Exhibits

99.1   Press Release titled "Tetra Tech Reports First Quarter 2003 Results" dated January 22, 2003.

2


Signatures

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: January 22, 2003      

 

 

TETRA TECH, INC.

 

 

By:

/s/  
DAVID W. KING      
David W. King
Chief Financial Officer
       

3




QuickLinks

EX-99.1 3 a2101379zex-99_1.htm EXHIBIT 99.1
QuickLinks -- Click here to rapidly navigate through this document

Exhibit 99.1

        January 22, 2003


TETRA TECH REPORTS FIRST QUARTER 2003 RESULTS

Exceeds diluted earnings per share and net revenue guidance

        Pasadena,California.    Tetra Tech, Inc. (NASDAQ: TTEK) today announced first quarter results for fiscal year 2003. Gross revenue for the quarter ended December 29, 2002 was $233.1 million, down 7.9% from gross revenue of $253.0 million for the same quarter last year. Net revenue for the quarter was $181.0 million, down 2.1% from $184.9 million a year ago. Income from operations for the quarter was $17.1 million, or 17.7% less than the $20.8 million for last year's first quarter. Net income for the quarter was $9.1 million, down 19.4% from $11.3 million a year ago. Diluted earnings per share was 17 cents compared to 21 cents for the previous year, a 19.0% decrease.

        For the first quarter of fiscal 2003, guidance was diluted earnings per share of 16 cents, and net revenue of $170 million to $180 million. On September 30, 2002, the Company adopted Statement of Financial Accounting Standard No. 142, "Goodwill and Other Intangible Assets." As a result, the Company discontinued amortizing its goodwill.

Summary of Financial Results

 
  First Quarter Ended
 
  Dec. 29, 2002
  Dec. 30, 2001
Gross Revenue   $ 233,080,000   $ 253,028,000
Net Revenue     180,982,000     184,889,000
Income from Operations     17,123,000     20,801,000
Net Income     9,139,000     11,343,000
EPS—Basic     0.17     0.22
EPS—Diluted     0.17     0.21

Basic Shares Outstanding

 

 

53,286,000

 

 

52,351,000
Diluted Shares Outstanding     55,005,000     55,233,000

Business Outlook

        The following statements are based on current expectations. These statements are forward-looking and the actual results could differ materially. These statements do not include the potential impact of material corporate transactions that may be completed after the date of this release. The Business Outlook section should be read in conjunction with the information on "Forward-Looking Statements" at the end of this release.

        Tetra Tech's fiscal year 2003 guidance remains unchanged. Tetra Tech expects diluted earnings per share for the second quarter of 2003 to be approximately 20 cents. Net revenue for that quarter is expected to range from $187 million to $200 million.

        Tetra Tech (www.tetratech.com) is a leading provider of consulting, engineering and technical services. With more than 7,000 associates located in the United States and internationally, the Company supports commercial and government clients in the areas of resource management and infrastructure. Tetra Tech's services include research and development, applied science and technology, engineering design, construction management, and operations and maintenance.

        Investors will have the opportunity to access a live audio-visual webcast concerning the first quarter results through a link posted on the Company's web site at www.tetratech.com on January 23, 2003 at 8:00 a.m. (PT)



        CONTACT: Li-San Hwang, CEO or Mike Bieber, Investor Relations (626) 351-4664

        This news release contains various "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements concerning Tetra Tech's fiscal 2003 financial and business prospects. The statements, which represent Tetra Tech's expectations or beliefs concerning various future events, are based on current expectations that involve a number of risks and uncertainties that could cause actual results to differ materially from those of such Forward-Looking Statements. These include risks associated with its acquisition strategy; fluctuations in its quarterly operating results and stock price; the impact of downturns in the financial markets on its clients; management of its growth strategy; credit risks associated with commercial clients; the consolidation of its client base; loss of key personnel or its inability to attract and retain qualified personnel; changes in existing laws and regulations; concentration of revenues from agencies of the Federal government and reductions in spending by these agencies; audit of its contracts with governmental agencies; losses under fixed-price contracts or termination of contracts at the client's discretion; backlog cancellation or adjustment; inability to find qualified subcontractors; competition in its industry; risks of professional and other liabilities; conflict of interest issues; foreign currency fluctuations; and other uncertainties or risks reported from time to time in Tetra Tech's reports to the Securities and Exchange Commission, including those under the heading "Risk Factors" in its Form 10-K for the fiscal year ended September 29, 2002. Tetra Tech undertakes no duty to update the Forward-Looking Statements.




QuickLinks

TETRA TECH REPORTS FIRST QUARTER 2003 RESULTS
-----END PRIVACY-ENHANCED MESSAGE-----