Latest news with #TetraTech
Yahoo
5 days ago
- Business
- Yahoo
Scottie Announces Selection of Tetra Tech to Lead PEA Study
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) ("Scottie" or the "Company") is pleased to announce that it has selected Tetra Tech Inc. ("Tetra Tech") to lead the study work for a Preliminary Economic Assessment ("PEA") on its 100% owned Scottie Gold Mine Project, which includes the historic mine and adjacent Blueberry Contact Zone located in British Columbia's Golden Triangle mining jurisdiction. The Company is targeting the completion of the PEA in Q4 2025. The PEA will investigate a high-margin DSO operation to deliver a gold concentrate to Asian copper/precious metals smelters. By design, the operation will eliminate the need for a gold processing plant and tailings facility, thereby significantly reducing the capital required and resulting in a minimal environmental footprint. The PEA will be based on the recently reported Inferred Mineral Resource Estimate ("MRE") of 703,000 ounces of gold at an average grade of 6.1 g/t gold (see NR dated May 7, 2025). The project envisages a shallow open pit on the Blueberry Zone to start, followed by underground production from both Blueberry and the past-producing Scottie Gold Mine. Sean Masse, COO of Scottie stated: "The selection of Tetra Tech as our PEA partner is a considerable step towards development. The PEA will allow us to clearly show the value of the deposits at the Scottie Gold Mine, and the minimal capital required to reach production. The pathway to production illustrated in our recently completed Regulatory Road Map clearly defines the necessary environmental considerations and permit requirements. The timelines for this mesh well with the necessary stages of engineering and technical studies required for production." Additional Technical Studies In conjunction with the initiation of the PEA study, Scottie has advanced additional studies on the project, including: Initiation of Phase 2 - Ore Sorting Study Initiation of a Dense Media Separation (DMS) Study Completion of a Regulatory Road Map for Mine Permitting Ore Sorting The Phase 2 - Ore Sorting Study, led by ABH Engineering, is designed to follow up on the positive results from the previous PEA level study (see NR dated April 1, 2025). The Phase 2 test will consist of large three-stage cascade ore sorting tests on full scale XRF and XRT machines. The composite samples collected for these tests were designed to mirror the grades and mineralogy of zones in the Company's maiden resource estimate, with samples selected to represent the Blueberry open pit, Blueberry underground, and Scottie Gold Mine underground. The composite samples were created from ¼ core intervals taken from drill intercepts from the 2019-2024 drill programs. This phase of testing will help to determine the optimal sorting conditions suitable for production and will be suitable for a Feasibility level study. The samples have been shipped, and the tests are being done on full scale ore sorting machines based in Canada (XRT) and South Africa (XRF). Results are expected in early Q4 2025. DMS testing The DMS study is being completed by Sepro Systems ("Sepro") to assess the potential upgrade of the fines byproduct created due to onsite crushing before ore sorting. The initial scoping level test will use heavy liquid separation on ~20 kg samples to evaluate the effectiveness. Based on the strong associations between gold zones and sulphide minerals pyrrhotite and pyrite, favourable XRT results from the Phase 1 - Ore Sorting study, it is anticipated that DMS will prove to be a viable technique to further enhance the economics of the project. The composite sample has been created and shipped; the initial tests are expected to be completed in late Q3 2025. Regulatory Road Map To better understand the permitting pathways, timelines, and anticipated costs, Scottie engaged Falkirk Environmental Consultants ("Falkirk") to develop a Regulatory Road Map which was completed in May. The report provides a clear a pathway to production in as short as a 36-month timeframe and identified the critical risk factors and rate-limiting steps in the process. The company has developed a strategy and is commencing work on the critical path elements. ABOUT SCOTTIE RESOURCES CORP. Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Contact Zone and the high-grade, past-producing Scottie Gold Mine. Scottie also owns 100% interest in the Georgia Project which contains the high-grade past-producing Georgia River Mine, as well as the Cambria Project properties and the Sulu and Tide North properties. Altogether Scottie Resources holds approximately 58,500 hectares of mineral claims in the Stewart Mining Camp in the Golden Triangle. The Company's focus is on expanding the known mineralization around the past-producing mines while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource. All of the Company's properties are located in the area known as the Golden Triangle of British Columbia which is among the world's most prolific mineralized districts. Additional Information Brad RourkeCEO+1 250 877 9902brad@ Gordon RobbBusiness Development / IR+1 250 217 2321gordon@ Forward-Looking Statements This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release. To view the source version of this press release, please visit
Yahoo
11-06-2025
- Business
- Yahoo
TTEK Q1 Earnings Call: Revenue Outperforms, Margins Impacted by Client Shift and One-Time Charges
Environmental engineering firm Tetra Tech (NASDAQ:TTEK) announced better-than-expected revenue in Q1 CY2025, with sales up 4.9% year on year to $1.1 billion. On top of that, next quarter's revenue guidance ($1.15 billion at the midpoint) was surprisingly good and 4.2% above what analysts were expecting. Its GAAP profit of $0.02 per share was 93.3% below analysts' consensus estimates. Is now the time to buy TTEK? Find out in our full research report (it's free). Revenue: $1.1 billion vs analyst estimates of $1.04 billion (4.9% year-on-year growth, 6.6% beat) EPS (GAAP): $0.02 vs analyst expectations of $0.30 (93.3% miss) The company lifted its revenue guidance for the full year to $4.77 billion at the midpoint from $4.57 billion, a 4.4% increase EPS (GAAP) guidance for Q2 CY2025 is $0.38 at the midpoint, beating analyst estimates by 11.1% Operating Margin: 3.6%, down from 11.2% in the same quarter last year Market Capitalization: $9.34 billion Tetra Tech's first quarter results were heavily shaped by a sharp shift in its client portfolio, most notably the loss of its largest revenue source, USAID, within a single quarter. CEO Dan Batrack described this event as unprecedented, but credited the company's broad diversification across clients, services, and geographies for helping offset the impact. Growth in state and local government work, particularly in water and disaster response, and resilience in commercial and international segments helped drive overall revenue gains. Management noted that non-reimbursable costs related to closing out USAID projects and holding staff during the transition period weighed on operating margins, while offsetting strength came from disaster response work and higher-margin municipal programs. Looking ahead, Tetra Tech's raised guidance is underpinned by expanded contract capacity in defense and water infrastructure, as well as the integration of new digital and automation capabilities acquired through recent deals. Management emphasized a sizable pipeline in high-margin areas like data centers and digital systems, with Chief Innovation Officer Leslie Shoemaker highlighting over $5 billion in new Department of Defense contract capacity. CEO Dan Batrack cautioned that while the company expects margin improvement as USAID-related costs roll off, ongoing volatility in international markets and the variable nature of projects in regions such as Ukraine may continue to pose short-term risks. Batrack stated, 'The primary tailwinds that are driving Tetra Tech are not changing—coastal flooding, water supply issues, and digital infrastructure remain key priorities for clients.' Tetra Tech's management attributed quarterly growth to strong state and local government demand, continued expansion in defense and water infrastructure, and the company's ability to quickly reallocate resources after the loss of its largest federal client. State and local surge: State and local government revenues rose 44% year-over-year, with more than half of that growth stemming from episodic disaster response activities. The remainder was driven by ongoing municipal water programs, which management noted were up 19%, reflecting strong demand for infrastructure resilience and water quality projects. Defense contract expansion: Tetra Tech secured $5 billion in new contract capacity with U.S. Department of Defense agencies, including projects supporting military infrastructure worldwide. Management emphasized that recent wins are closely aligned with national security and infrastructure priorities, such as water supply and flood control for military bases. Disaster response offsets: The company was able to redeploy staff to high-utilization disaster response projects, particularly in areas affected by fires and hurricanes, helping to mitigate underutilization from USAID project terminations. CEO Dan Batrack stated this shift ensured continued high overall workforce utilization despite the abrupt change in client mix. Margin dynamics and one-offs: Operating margins were negatively affected by non-reimbursable costs associated with closing out USAID work and the decision to retain staff during the transition. CFO Steve Burdick noted that, excluding these effects, core margin performance would have been 30 to 50 basis points higher. International mixed picture: While Tetra Tech's UK and Irish water businesses delivered double-digit growth, Australian operations saw revenue declines due to delayed infrastructure funding around national elections. Management flagged that international growth rates remain sensitive to changes in trade policy and project funding clarity. Management expects future results to be shaped by accelerating demand for water and digital infrastructure, margin recovery as one-time costs fade, and a growing contribution from recent acquisitions. High-margin business mix shift: With the exit of USAID work, management believes the company's baseline margin profile will improve as more profitable projects in water, environmental, and digital systems become a larger share of revenue. CEO Dan Batrack said, 'Our underlying business has about a 50 basis point increase in overall margin without AID, and growth could be slightly faster going forward.' Digital systems and data center growth: The addition of SAGE Group and ongoing investments in digital automation and high-performance building design are expected to drive double-digit growth in the data center and smart infrastructure markets. Chief Innovation Officer Leslie Shoemaker projected the digital systems practice could reach $500 million in annual revenue by 2030. Backlog rebuilding and project funding: Management highlighted a solid book-to-bill ratio outside of USAID and a growing pipeline in defense and water. However, they cautioned that certain international and federally funded projects remain subject to political and funding volatility, especially in regions such as Ukraine and Australia. In the coming quarters, the StockStory team will monitor (1) the pace at which Tetra Tech rebuilds its backlog outside of USAID, (2) progress in integrating SAGE Group and scaling digital automation offerings, and (3) the sustainability of state and local government demand for water and disaster response projects. Shifts in international funding environments and the impact of new defense contracts on margins will also be important to track. Tetra Tech currently trades at a forward P/E ratio of 24.7×. Should you double down or take your chips? Find out in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Melden Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
05-06-2025
- Business
- Yahoo
2 Reasons to Like TTEK and 1 to Stay Skeptical
Over the past six months, Tetra Tech's shares (currently trading at $35.32) have posted a disappointing 17.7% loss while the S&P 500 was down 1.8%. This may have investors wondering how to approach the situation. Following the drawdown, is now the time to buy TTEK? Find out in our full research report, it's free. With a 50-year legacy of "Leading with Science" and operations on all seven continents, Tetra Tech (NASDAQ:TTEK) provides high-end consulting and engineering services focused on water management, environmental solutions, and sustainable infrastructure for government and commercial clients worldwide. A company's long-term sales performance is one signal of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Luckily, Tetra Tech's sales grew at an exceptional 13.2% compounded annual growth rate over the last five years. Its growth surpassed the average business services company and shows its offerings resonate with customers. In addition to reported revenue, backlog is a useful data point for analyzing Industrial & Environmental Services companies. This metric shows the value of outstanding orders that have not yet been executed or delivered, giving visibility into Tetra Tech's future revenue streams. Tetra Tech's backlog punched in at $4.31 billion in the latest quarter, and over the last two years, its year-on-year growth averaged 15.6%. This performance was fantastic and shows the company has a robust sales pipeline because it is accumulating more orders than it can fulfill. Its growth also suggests that customers are committing to Tetra Tech for the long term, enhancing the business's predictability. If you've followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can't use accounting profits to pay the bills. As you can see below, Tetra Tech's margin dropped by 8.7 percentage points over the last five years. If its declines continue, it could signal increasing investment needs and capital intensity. Tetra Tech's free cash flow margin for the trailing 12 months was 5.1%. Tetra Tech's positive characteristics outweigh the negatives. After the recent drawdown, the stock trades at 24.6× forward P/E (or $35.32 per share). Is now a good time to buy? See for yourself in our in-depth research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.
Yahoo
05-06-2025
- Business
- Yahoo
Earnings To Watch: ABM (ABM) Reports Q1 Results Tomorrow
Facility services provider ABM Industries (NYSE:ABM) will be reporting results tomorrow before the bell. Here's what you need to know. ABM met analysts' revenue expectations last quarter, reporting revenues of $2.11 billion, up 2.2% year on year. It was a strong quarter for the company, with an impressive beat of analysts' EPS estimates and organic revenue in line with analysts' estimates. Is ABM a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting ABM's revenue to grow 2.5% year on year to $2.07 billion, in line with the 1.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.86 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ABM has missed Wall Street's revenue estimates twice over the last two years. Looking at ABM's peers in the industrial & environmental services segment, some have already reported their Q1 results, giving us a hint as to what we can expect. CECO Environmental delivered year-on-year revenue growth of 39.9%, beating analysts' expectations by 17%, and Tetra Tech reported revenues up 4.9%, topping estimates by 6.6%. CECO Environmental traded up 23.9% following the results while Tetra Tech was also up 13%. Read our full analysis of CECO Environmental's results here and Tetra Tech's results here. There has been positive sentiment among investors in the industrial & environmental services segment, with share prices up 6.1% on average over the last month. ABM is up 5.7% during the same time and is heading into earnings with an average analyst price target of $56.80 (compared to the current share price of $52.71). When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we've found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
BBC News
02-06-2025
- Business
- BBC News
Stoke-on-Trent action plan after council misses housing targets
Council bosses in Stoke-on-Trent have agreed a new plan for building more homes in the city after failing to hit increasing government the three years up to 2022-23, a total of 1,397 homes were built in Stoke-on-Trent, compared with a goal of 1,536; an annual average of more than target is set to rise to 948 homes a year, meaning the council will be expected to more than double its recent in the city's new action plan include identifying more sites for housing, making the planning process more efficient and providing support for developers. According to analysis carried out by consultants from Tetra Tech, the city faces challenges such as a lack of available sites, with relatively low house prices in some local markets reducing the viability of Robinson, the city council's cabinet member for housing, planning and governance, said some developers had also failed to deliver after being granted planning permission."We are committed to giving residents more choice by providing them with a wide range of high-quality and affordable housing options," he said. "Our action plan sets out the steps we are taking to improve housing delivery in the city, enabling us to provide new homes for people of all backgrounds."According to the plan, Stoke-on-Trent had been over-delivering new homes compared to targets until 2021-22, when the city's housing requirement "increased significantly". Pre-application advice services are to be improved as part of the council said it would unlock the delivery of new homes on land it owns through its housing company Fortior Homes and in collaboration with Homes England across 22 also pledged to increase the monitoring of sites where construction had stalled or where permission was about to lapse. This news was gathered by the Local Democracy Reporting Service, which covers councils and other public service organisations. Follow BBC Stoke & Staffordshire on BBC Sounds, Facebook, X and Instagram.
