−Removed: Tetra Tech, Inc.
−Removed: ("Tetra Tech") is a leading global provider of consulting and engineering services that focuses on water, environment, sustainable infrastructure, resource management, energy, and international development.
+Added: Te tra Tech, Inc.
+Added: ("Tetra Tech") is a leading global provider of high-end consulting and engineering services that focuses on water, environment, sustainable infrastructure, renewable energy, and international development.
We are a global company that is Leading with Science® to provide innovative solutions for our public and private clients.
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Engineering News-Record ("ENR"), the engineering industry's leading magazine, has ranked Tetra Tech #1 in Water for 18 years in a row.
−Removed: In 2020, we were also ranked #1 in dams and reservoirs, environmental management, environmental science, hydro plants, solid waste, water treatment/desalination, water treatment/supply, and wind power.
−Removed: ENR also ranked Tetra Tech in the top 10 in several categories, including chemical and soil remediation, green building design, hazardous waste, solar power, and site assessment and compliance.
+Added: In 2021, we were also ranked #1 in environmental management, hydro plants, water treatment/desalination, water treatment/supply, and wind power.
+Added: ENR also ranked Tetra Tech in the top 10 in numerous categories, including dams and reservoirs, solid waste, environmental science, chemical and soil remediation, green building design, hazardous waste, solar power, and site assessment and compliance.
Our reputation for high-end consulting and engineering services and our ability to develop solutions for water and environmental management has supported our growth for more than 50 years.
−Removed: Today, we are proud to be making a difference in people’s lives worldwide through broad consulting, engineering, and technology servic e offerings.
+Added: Today, we are proud to be making a difference in people’s lives worldwide through our high-end consulting, engineering, and technology service offerings.
In fiscal 2021, we worked on over 70,000 projects, in more than 100 countries on seven continents, with a talent force of 21,000 associates.
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Our ability to provide innovation and first-of-kind solutions is enhanced by partnerships with our forward-thinking clients.
−Removed: We are diverse and inclusive, embracing the breadth of experience across our talented workforce worldwide with a culture of innovation and entrepreneurship.
−Removed: We are disciplined in our business delivering value to customers and high performance to our shareholders.
−Removed: In supporting our clients, we seek to add value and provide long-term sustainable consulting, engineering, and technology solutions.
−Removed: By combining ingenuity and practical experience, we have helped to advance sustainable solutions for managing water, protecting the environment, providing energy, and engineering the infrastructure for our cities and communities.
+Added: We are diverse, equitable, and inclusive, embracing the breadth of experience across our talented workforce worldwide with a culture of innovation and entrepreneurship.
+Added: We are disciplined in our business, and focused on delivering value to customers and high performance for our shareholders.
+Added: In supporting our clients, we seek to add value and provide long-term sustainable consulting, engineering and tec hnology solutions.
+Added: By combining ingenuity and practical experience, we have helped to advance sustainability by managing water, protecting the environment, providing renewable energy, and engineering green solutions for our cities and communities.
Our mission is to be the world's leading consulting and engineering firm solving global challenges in water and the environment that make a positive difference in people's lives worldwide.
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Opportunity means new technical challenges that provide advancement within our company, encourage an inclusive and diverse workforce, and ensure a safe workplace.
−Removed: We have a strong project management culture that enables us to deliver on more than 65,000 projects in a year.
−Removed: We maintain a strong emphasis on project management at all levels of the organization.
+Added: We have a strong project management culture that enables us to deliver on more than 70,000 projects in a fiscal year.
+Added: W e maintain a strong emphasis on project management at all levels of the organization.
Our client-focused project management is supported by strong fiscal management and financial tools.
We use a disciplined approach to monitoring, managing, and improving our return on investment in each of our business areas through our efforts to negotiate appropriate contract terms, manage our contract performance to minimize schedule delays and cost overruns, and promptly bill and collect accounts receivable.
−Removed: We have a broad client and contract base built by proactively understanding our clients' priorities and demonstrating a long track record of successful performance that results in repeat business and limits competition.
+Added: We have built a broad client and contract base by proactively understanding our clients' priorities and demonstrating a long track record of s uccessful performance that results in repeat business and limits competition.
We believe that proximity to our clients is also instrumental to integrating global experience and resources with an understanding of our local clients' needs.
−Removed: Over the past year, we worked in more than 100 countries, helping our clients address complex water, environment, energy and related infrastructure needs.
−Removed: Throughout our history, we have supported both public and private clients, many for multiple decades of continuous contracts and repeat business.
+Added: Over the past year, we worked in more than 100 countries, helping our clients address complex water, environment, renewable energy, and related sustainable infrastructure needs.
+Added: Throughout our history, we have supported both public and private clients, many for multiple decad es of continuous contracts and repeat business.
Long-term relationships provide us with institutional knowledge of our clients' programs, past projects and internal resources.
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from smart data collection and advanced analytics that support decision making to AI enabled solutions for asset management.
−Removed: Our Tetra Tech Delta technologies are drawn from our decades of operational experience and a reservoir of technical applications that are shared throughout our company.
+Added: Our Tetra Tech Delta technologies are drawn from our decades of operational experience and a reservoir of technical appli cations that are shared throughout our company.
Our high-end teams connect interdisciplinary experts from across our company's 21,000 staff worldwide.
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We actively share information, ideas, and resources across our global operations through our network structure, guided subject matter teams, and project team building.
+Added: Our annual Tech 1000 event engages Tetra Tech experts world-wide to solve client challenges and identify the best ideas for further development.
We also proactively share emerging technology and new ideas through our knowledge transfer system, Tetra Tech Technology Transfer ("T4").
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These reportable segments allow us to capitalize on our growing market opportunities and enhance the development of high-end consulting and technical solutions to meet our growing client demand.
−Removed: We continued to report the results of the wind-down of our non-core construction activities in the Remediation and Construction Management ("RCM") reportable segment.
+Added: We continued to report the historical results of the wind-down of our non-core construction activities in the Remediation and Construction Management ("RCM") reportable segment.
+Added: been no remaining backlog for RCM since fiscal 2018 as the projects were complete.
The following table presents the percentage of our revenue by reportable segment:
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The primary GSG markets include water resources analysis and water management, environmental monitoring, data analytics, government consulting, waste management, and a broad range of civil infrastructure master planning and engineering design for facilities, transportation, and local development projects.
−Removed: GSG's services span from early data collection and monitoring, to data analysis and information management, to science and engineering applied research, to engineering design, to construction management, and operations and maintenance.
+Added: GSG's services span from early data collection and monitoring, to data analysis and information management, to science and engineering applied research, to engineering design, to project management, and operations and maintenance.
GSG provides our clients with sustainable solutions that optimize their water management and environmental programs to address regulatory requirements, improve operational efficiencies, and manage assets.
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We provide climate change and energy management consulting, and greenhouse gas ("GHG") inventory assessment, certification, reduction, and management services.
+Added: GSG also provides planning, architectural, and sustainable engineering services for U.S.
+Added: federal, state and local government facilities.
+Added: We support government agencies with related sustainable infrastructure needs, asset management for military housing and educational, institutional, and research facilities.
Many government organizations face complex problems due to increased demand and competition for water and natural resources, newly understood threats to human health and the environment, aging infrastructure, and demand for new and more resilient infrastructure.
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We provide smart water infrastructure solutions that integrate water modeling, instrumentation and controls, and real-time controls to create flexible water systems that respond to changing conditions, optimize use of existing infrastructure, and provide clients with the ability to more efficiently monitor and manage their water infrastructure.
−Removed: We provide operational technology for secure management of water treatment and wastewater systems, including cybersecurity assessment and digital twin solutions.
+Added: We provide operational technology for secure management of water treatment and wastewater systems, including cybersecurity assessments and digital twin solutions.
We also support government agencies in the full range of disaster response and community resilience services including monitoring and environmental response, damage assessment and program management services, and resilient engineering design and mitigation planning.
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These tools and procedures address disaster management and community resilience data management needs, including information technology systems, portals, dashboards, data management, data analytics, and statistical analysis.
−Removed: GSG provides planning, architectural, and sustainable engineering services for U.S.
−Removed: federal, state and local government facilities and non-residential commercial buildings.
−Removed: We support the government agencies with related infrastructure needs including military housing, and educational, institutional, and research facilities.
−Removed: Our high-performance buildings practice provides sustainable energy, water, and GHG efficient solutions including civil, electrical, mechanical, structural, plumbing and fire protection engineering and design services for buildings and surrounding developments.
−Removed: We provide high-end services in addressing indoor health and associated assessment, consulting, and retrofits of buildings to address indoor air quality and
−Removed: We also provide engineering services for a wide range of clients with specialized needs, such as security systems, training and audiovisual facilities, clean rooms, laboratories, medical facilities and disaster preparedness facilities.
GSG provides a wide range of consulting and engineering services for solid waste management, including landfill design and management and recycling facility design, throughout the United States;
−Removed: providing design, construction management, and maintenance services to manage solid and hazardous waste, for environmental, wastewater, energy, containment, mining, utilities, aquaculture, and other industrial clients;
−Removed: designing and installing geosynthetic liners for large lining and capping projects, as well as innovative renewable energy projects such as solar energy-generating landfill caps;
+Added: providing design, project management, and
+Added: maintenance services to manage solid and hazardous waste, for environmental, wastewater, energy, containment, mining, utilities, aquaculture, and other industrial clients;
+Added: as well as innovative renewable energy projects such as solar energy-generating landfill caps;
and providing full-service solutions for gas-to-energy facilities to efficiently use landfill methane gas.
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We design solutions to manage and analyze data for major federal agency programs including data related to health, security, environment, and water programs.
−Removed: We use our e-lab to demonstrate and test technology solutions to facilitate rapid deployment by our clients.
+Added: We use our Tt I-Hub to demonstrate and test technology solutions to facilitate rapid deployment by our clients.
We provide technical support for the Federal Aviation Administration ("FAA") to optimize the U.S.
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commercial clients, and international clients that include both commercial and government sectors.
−Removed: CIG supports commercial clients across the Fortune 500, energy utilities, industrial, manufacturing, aerospace, and resource management markets.
−Removed: CIG also provides infrastructure and related environmental, engineering and project management services to commercial and local government clients across Canada, in Asia Pacific (primarily Australia and New Zealand), the United Kingdom, as well as Brazil and Chile.
+Added: CIG supports commercial clients across the Fortun e 500, renewable energy, industrial, manufacturing, and aerospace markets.
+Added: CIG also provides sustainable infrastructure and related environmental, engineering and project management services to commercial and local government clients across Canada, in Asia Pacific (primarily Australia and New Zealand), the United Kingdom, as well as Brazil and Chile.
CIG provides consulting and engineering services worldwide for a broad range of water, environment, and sustainable infrastructure-related needs in both developed and emerging economies.
−Removed: The primary markets for CIG's services include natural resources, energy, and utilities, as well as civil infrastructure master planning and engineering design for facilities, transportation, and local development projects.
−Removed: CIG's services span from early data collection and monitoring to data analysis and information management, to feasibility studies and assessments, to science and engineering applied research, to engineering design, to construction management, and operations and maintenance.
+Added: The primary markets for CIG's services include natural resources, energy, and utilities, as well as sustainable infrastructure master planning and engineering design for facilities, transportation, and local development projects.
+Added: CIG's services span from early data collection and monitoring to data analysis and information management, to feasibility studies and assessments, to science and engineering applied research, to engineering design, to project management, and operations and maintenance.
CIG's environmental services include cleanup and beneficial reuse of sites contaminated with hazardous materials, toxic chemicals, and oil and petroleum products, which cover all phases of the remedial planning process, starting with disaster response and initial site assessment through removal actions, remedial design and implementation oversight;
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and provides plant engineering, project execution, and program management services for industrial water treatment projects throughout the world.
−Removed: CIG's international services, especially in Canada and Asia-Pacific, include high-end analytical, engineering, architecture, geotechnical, and construction management services for infrastructure projects, including rail and roadway monitoring and asset management services, collection of condition data, optimization of upgrades and long-term planning for expansion;
+Added: CIG provides planning, architectural and sustainable engineering services for commercial and government facilities.
+Added: We provide high-end design of sustainable energy, water, and GHG efficient solutions including civil, electrical, mechanical, structural, and hydraulic engineering for buildings and surrounding developments.
+Added: We provide high-end services in addressing indoor health and associated assessment, consulting, and retrofits of buildings to address indoor air quality and safety.
+Added: We also provide engineering services for a wide range of clients with specialized needs, such as data centers, security systems, training and audiovisual facilities, clean rooms, laboratories, medical facilities, and disaster preparedness facilities.
+Added: CIG's international services, especially in Canada and Asia-Pacific, include high-end analytical, engineering, architecture, geotechnical, and project management services for infrastructure projects, including rail and roadway monitoring and asset management services, collection of condition data, optimization of upgrades and long-term planning for expansion;
multi-modal design services for commuter railway stations, airport expansions, bridges and major highways, and ports and harbors;
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CIG provides infrastructure design services in extreme and remote areas by using specialized techniques that are adapted to local resources, while minimizing environmental impacts, and considering potential climate change impacts.
−Removed: These include providing consulting, geotechnical, and design services to owners of transportation, natural resources, energy and community infrastructure in areas of permafrost or extreme climate regions.
−Removed: CIG's energy services include support for electric power utilities and independent power producers worldwide, ranging from macro-level planning and management advisory services to project-specific environmental, engineering, construction management, and operational services, and advising on the design and implementation of smart grids, both domestically and internationally, including increasing utility automation, information and operational technologies, and critical infrastructure security.
+Added: include providing consulting, geotechnical, and design services to owners of transportation, natural resources, energy and community infrastructure in areas of permafrost or extreme climate regions.
+Added: CIG's energy services include support for electric power utilities and independent power producers worldwide, ranging from macro-level planning and management advisory services to project-specific environmental, engineering, project management, and operational services, and advising on the design and implementation of smart grids, both domestically and internationally, including increasing utility automation, information and operational technologies, and critical infrastructure security.
For utilities and governmental regulatory agencies, our services include policy and regulatory development, utility management, performance improvement, asset management and evaluation, and transaction support services.
−Removed: For developers and owners of renewable energy resources such as solar grid and off-grid, on-shore and off-shore wind, biogas and biomass, tidal, and hydropower, and conventional power generation facilities, micro-grid and battery or alternative storage facilities, as well as transmission and distribution assets, our services include environmental, engineering, procurement, operations and maintenance, and regulatory support for all project phases.
−Removed: CIG supports industrial and energy clients, primarily in North America, in the upstream, midstream and downstream market sectors.
+Added: For developers and owners of renewable energy resources such as solar grid and off-grid, on-shore and off-shore wind, biogas and biomass, tidal, and hydropower, and conventional power generation facilities, micro-grid and battery or alternative storage facilities, as well as transmission and distribution assets, our services include environmental, electrical, mechanical and civil engineering, procurement, operations and maintenance, and regulatory support for all project phases.
+Added: CIG supports industrial clients globally.
Our services include environmental permitting support, siting studies, strategic planning and analyses;
−Removed: design of well pads and surface impoundments for drilling sites;
−Removed: water management for exploration activities;
−Removed: design of midstream pipelines and associated pumping stations and storage facilities;
−Removed: construction monitoring, design and construction management for downstream sustaining capital projects;
+Added: design of site civil works;
+Added: water management;
biological and cultural assessments, and site investigations;
and hazardous waste site remediation.
−Removed: CIG also provides environmental remediation and reconstruction services to evaluate and restore lands to beneficial use, including the identification, evaluation and destruction of unexploded ordnance, both domestically and internationally;
−Removed: investigating, remediating, and restoring contaminated facilities at military locations in the U.S.
+Added: CIG also provides environmental remediation and reconstruction services to evaluate and restore lands to beneficial use, remediating, and restoring contaminated facilities at military locations in the U.S.
and around the world;
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We continued to report the results of the wind-down of our non-core construction activities in the RCM reportable segment in fiscal 2021.
−Removed: As of September 27, 2020, there was no remaining backlog for RCM as the projects were complete.
+Added: As of October 3, 2021, there was no remaining backlog for RCM as the projects were complete.
Project Examples
−Removed: Project examples are provided on our company website located at tetratech.com, including expert interviews, in-depth articles, and project profiles that demonstrate our services across water, environment, sustainable infrastructure, energy, resource management, and international development.
+Added: Project examples are provided on our company website located at tetratech.com, including expert interviews, in-depth articles, and project profiles that demonstrate our services acros s water, environment, sustainable infrastructure, renewable energy, and international development.
+Added: Fiscal 2022 Reportable Segments
+Added: On the first day of fiscal 2022, we created a new High Performance Buildings division in our CIG reportable segment.
+Added: As a result, we transferred some related operations in our GSG reportable segment with annual revenue of approximately $170 million to our CIG reportable segment.
+Added: Beginning in the first quarter of fiscal 2022, our segment reporting will reflect this transfer and our historical comparisons will be revised to be consistent with the fiscal 2022 presentation.
We provide services to a diverse base of U.S.
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federal government agencies are significant clients.
−Removed: Agency for International Development ("USAID") accounted for 12.2% , 12.4% and 14.0% of our revenue in fiscal 2020, 2019 and 2018, respectively.
−Removed: The Department of Defense ("DoD") accounted for 9.2% , 7.9% and 10.0% of our revenue in fiscal 2020, 2019 and 2018, respectively.
+Added: Agency for International Development ("USAID") accounted fo r 11.7%, 12.2% and 12.4% of our revenue in fiscal 2021, 2020 and 2019, respectively.
+Added: The Department of Defense ("DoD") accounted fo r 11.2%, 9.2% and 7.9% of our revenue in fiscal 2021, 2020 and 2019, respectively.
We typically support multiple programs within a single U.S.
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state and local government clients in various jurisdictions across the United States.
−Removed: In Canada, we work for several provinces and various local jurisdictions.
+Added: Our international clients are primarily focused in Canada, Australia, and the United Kingdom and consist of a relatively equal sized mix of government and commercial clients.
commercial clients include companies in the chemical, energy, mining, pharmaceutical, retail, aerospace, automotive, petroleum, and communications industries.
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federal government proposals, including those of award, administration, modification, and re-pricing.
−Removed: The DCAA considers our cost accounting system, estimating methods and procedures, and specific proposal requirements.
+Added: The DCAA considers our cost accounting system, estimating methods and procedures, and
+Added: specific proposal requirements.
Operational audits are also performed by the DCAA.
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Our strategic plan defines and guides our investment in marketing and business development to leverage our differentiators and target priority programs and growth markets.
−Removed: We maintain centralized business development resources to develop our corporate branding and marketing materials, support proposal preparation and planning, conduct market research, and manage promotional and professional activities, including appearances at trade shows, direct mailings, advertising, and public relations.
+Added: We maintain centralized business development resources to develop our corporate branding and marketing materials, support proposal preparation and planning, conduct market research, and manage promotional and professional activities, including appearances at trade shows, advertising, and public relations.
We have established company-wide growth initiatives that reinforce internal coordination, track the development of new programs, identify and coordinate collective resources for major bids, and help us build interdisciplinary teams and provide innovative solutions for major pursuits.
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Business development activities are implemented by our technical and professional management staff throughout Tetra Tech with the support of company-wide resources and expertise.
−Removed: Our project managers and technical staff have the best understanding of our clients' needs and the effect of local or client-specific issues, laws and regulations, and procurement procedures.
+Added: Our project managers and technical staff have the best understanding of our clients' needs and the effect of client-specific issues, local laws and regulations, and procurement procedures.
Our professional staff members hold frequent meetings with existing and potential clients;
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Our strategic growth plans are augmented by our selective investment in acquisitions aligned with our business.
−Removed: Acquisitions enhance plans to add new technologies, broaden our service offerings, add contract capacity and extend our geographic presence.
+Added: Acquisitions enhance plans to add new technologies, broaden our service offerings, add contract capacity and expand our geographic presence.
Our long-established experience in identifying and integrating acquisitions strengthens our ability to integrate and rapidly leverage the resources of the acquired companies post-acquisition.
Sustainability Program
−Removed: Tetra Tech supports clients in more than 100 countries around the world, helping them to solve complex problems and achieve solutions that are technically, socially, and economically resilient.
−Removed: Our high-end consulting and engineering services focus on using innovative technologies and creative solutions to minimize environmental impacts and enhance social systems.
+Added: Tetra Tech supports clients in more than 100 countries around the world, helpi ng them to solve complex problems and achieve solutions that are technically, socially, and economically resilient.
+Added: Our high-end consulting and engineering services
+Added: focus on using innovative technologies and creative solutions to minimize environmental impacts and enhance social systems.
Our greatest contribution toward sustainability is through the projects we perform every day for our clients, including recycling freshwater supplies, recycling waste products, and reducing greenhouse gas emissions.
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Procurement – our procurement and subcontracting approaches;
−Removed: Processes – the internal policies and processes that promote sustainable practices,
−Removed: reduce costs, and minimize environmental impacts;
−Removed: and People – the 20,000 staff at Tetra Tech and our partners, clients, and communities worldwide.
+Added: Processes – the internal policies and processes that promote sustainable practices, reduce costs, and minimize environmental impacts;
+Added: and People – th e 21,000 staff at Tetra Tech and our partners, clients, and communities worldwide.
In addition, our program is based on the Global Reporting Initiative ("GRI" ) Sustainability Report Framework, the internationally accepted sustainability reporting protocol for corporate sustainability plans, which includes three fundamental areas:
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We continuously implement sustainability-related policies and practices and assess the results of our efforts in order to improve upon them in the future.
+Added: Most important to our program is the recognition of the significant environmental, social, and governance impacts of Tetra Tech's projects.
Our executive management team reviews and approves the Sustainability Program and evaluates our progress in achieving the goals and objectives outlined in our plan.
+Added: In 2021, we initiated a commitment to develop Science Based Targets as part of our tracking and execution of our Sustainability Program.
+Added: We also announced a new and expanded commitment to sustainability for the next decade with a goal to be Climate Positive & Carbon Negative by 2030.
+Added: Working with our clients, we will continue to advance the science of sustainability, and thereby magnify the scale of our climate-positive impact on the world.
As part of the UNGC, we fulfill the annual Communication on Progress via Tetra Tech's Sustainability Report Card that is published on Earth Day.
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All acquisitions require the approval of our Board of Directors.
+Added: For detailed information regarding acquisitions, see Note 5, "Acquisitions" of the "Notes to Consolidated Financial Statements" included in Item 8.
Divestitures.
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Accordingly, from time to time, we may divest or wind-down certain non-core businesses and reallocate our resources to businesses that better align with our long-term strategic direction.
−Removed: For detailed information regarding acquisitions, see Note 5, "Acquisitions and Divestitures" of the "Notes to Consolidated Financial Statements" included in Item 8.
The market for our services is generally competitive.
We often compete with many other firms ranging from small regional firms to large international firms.
−Removed: We perform a broad spectrum of consulting, engineering, and technical services across the water, environment, sustainable infrastructure, resource management, energy, and international development markets.
+Added: We perform a broad spectrum of consulting, engineering, and technical services across the water, environment, sustainable infrastructure, renewable energy, and international development markets.
Our client base includes U.S.
−Removed: federal government agencies such as the DoD, USAID, the U.S.
+Added: government agencies such as USAID, the DoD, the U.S.
+Added: Department of State, the U.S.
Department of Energy ("DOE"), the U.S.
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We include in our backlog only those contracts for which funding has been provided and work authorization has been received.
−Removed: We estimate that approximate ly 58% of ou r backlog at the end of fiscal 2020 will be recognized as revenue in fiscal 2021, as work is being performed.
+Added: We estimate that approximately two-thirds o f ou r backlog at the end of fiscal 2021 will be recognized as revenue in fiscal 2022, as work is being performed.
However, we cannot guarantee that the revenue projected in our backlog will be realized or, if realized, will result in profits.
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Accordingly, our backlog as of any particular date is an uncertain indicator of our future earnings.
−Removed: At fiscal 2020 year-end, our backlog was $3.2 billion, an increase of $147.4 million, or 4.8%, compared to fiscal 2019 year-end.
−Removed: Approximately $2.2 billion and $1.0 billion of our backlog at fiscal 2020 year-end related to GSG and CIG, respectively.
+Added: Our backlog at fiscal 2021 year-end was $3.5 billion, an increase of $241.0 million, or 7.4%, compared to fiscal 2020 year-end.
+Added: Of this amount, GSG and CIG reported $2.3 billion and $1.2 billion of backlog, respectively, at fiscal 2021 year-end.
We engage in various service activities that are subject to government oversight, including environmental laws and regulations, general government procurement laws and regulations, and other regulations and requirements imposed by the specific government agencies with which we conduct business.
Environmental.
−Removed: A significant portion of our business involves the planning, design, program management and construction management of pollution control facilities, as well as the assessment and management of remediation activities at hazardous waste sites, U.S.
+Added: A significant portion of our business involves the planning, design, and program management of pollution control facilities, as well as the assessment and management of remediation activities at hazardous waste sites, U.S.
Superfund sites, and military bases.
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• restrict the use and dissemination of information classified for national security purposes and the exportation of certain products and technical data.
−Removed: In addition, services provided to the DoD are monitored by the Defense Contract Management Agency and audited by the DCAA.
+Added: In addition, services provided to the DoD and U.S.
+Added: federal civil agencies are monitored by the Defense Contract Management Agency and audited by the DCAA.
Our government clients can also terminate any of their contracts, and many of our government contracts are subject to renewal or extension annually.
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We experience seasonal trends in our business.
−Removed: Our revenue and operating income are typically lower in the first half of our fiscal year, primarily due to the Thanksgiving (in the U.S.), Christmas and New Year's holidays.
−Removed: Many of our clients'
−Removed: employees, as well as our own employees, take vacations during these holiday periods.
+Added: Our revenue and operating income are typically lower in the first half of our fiscal year, primarily due to the Thanksgiving (in the U.S.
+Added: and Canada), Christmas and New Year's holidays.
+Added: Many of our clients' employees, as well as our own employees, take vacations during these holiday periods.
Further, seasonal inclement weather conditions occasionally cause some of our offices to close temporarily or may hamper our project field work in the northern hemisphere's temperate and arctic regions.
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Human Capital Management
−Removed: At fiscal 2020 year-end, we had approximately 20,000 staff worldwide.
+Added: At fiscal 2021 year-end, we had approximate ly 21,000 staff worldwide.
A large percentage of our employees have technical and professional backgrounds and undergraduate and/or advanced degrees, including the employees of recently acquired companies.
−Removed: Our professional staff includes archaeologists, architects, biologists, chemical engineers, chemists, civil engineers, data scientists, computer scientists, economists, electrical engineers, environmental engineers, environmental scientists, geologists, hydrogeologists, mechanical engineers, oceanographers, project managers and toxicologists.
+Added: Our professional staff includes archaeologists, architects, biologists, chemical engineers, chemists, civil engineers, data scientists, computer scientists, economists, electrical engineers, environmental engineers, environmental scientists, geologists, hydrogeologists, mechanical engineers, software engineers, oceanographers, project managers and toxicologists.
We consider the current relationships with our employees to be favorable.
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See Part I, Item 1A, "Risk Factors" for a discussion of the risks related to the loss of key personnel or our inability to attract and retain qualified personnel.
−Removed: Diversity and Inclusion.
−Removed: Tetra Tech brings together engineers and technical specialists from all backgrounds to solve our clients' most challenging problems.
−Removed: Our Diversity and Inclusion Policy guides the Board of Directors, management, associates, subcontractors, and partners in developing an inclusive culture.
−Removed: Our Diversity and Inclusion Council monitors Tetra Tech's diversity and inclusion practices and makes recommendations to the Board of Directors and Chief Executive Officer for any changes or improvements to our program.
−Removed: Tetra Tech values diversity and inclusion and undertakes various efforts throughout its operations to promote these initiatives.
−Removed: Our current efforts are focused on three primary areas:
−Removed: • Safe work environment.
+Added: Health and Safety.
+Added: Tetra Tech is committed to providing and maintaining a healthy and safe work environment for our associates.
We provide training to all associates to improve their understanding of behaviors that can be perceived as discriminatory, exclusionary, and/or harassing, and provide safe avenues for associates to report such behaviors.
+Added: Diversity, Equity and Inclusion.
+Added: Tetra Tech brings together engineers and technical specialists from all backgrounds to solve our clients' most challenging problems.
+Added: Our Diversity, Equity and Inclusion Policy guides the Board of Directors, management, associates, subcontractors, and partners in developing an inclusive culture.
+Added: Our Diversity, Equity and Inclusion Council monitors Tetra Tech's diversity, equity and inclusion practices and makes recommendations to the Board of Directors and Chief Executive Officer for any changes or improvements to our program.
+Added: Tetra Tech values diversity, equity and inclusion and undertakes various efforts throughout its operations to promote these initiatives.
+Added: Our current efforts are focused on these primary areas:
• Equal employment opportunity.
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Education assistance is offered to financially support associates who seek to expand their knowledge and skill base.
−Removed: As part of Tetra Tech's commitment to a culture of inclusion, in fiscal 2020 we launched our Global Resource Group ("ERG") Program, which broadens and enhances company-wide interaction opportunities for our employees.
−Removed: Our ERG's are open to all and involve activities for both employees whose background is the focus of the ERG and those who are supportive of the group (also known as allies).
−Removed: These global networks build on and coordinate with the many local networks that are already active throughout our operations and include groups focused on the experiences of Black, Latino, Women, Veterans, and LGBTQ employees.
+Added: As part of Tetra Tech's commitment to a culture of inclusion, our Employee Resource Group ("ERG") Program broadens and enhances company-wide interaction opportunities for our employees.
+Added: Our ERG is open to all and involves activities for both employees whose background is the focus of the ERG and those who are supportive of the group (also known as allies).
+Added: These global networks build on and coordinate with the many local networks that are already active throughout our operations and include groups focused on the experiences of Black, Latino, Pan-Asian, Women, Veterans, and LGBTQIA+ employees.
Professional Development.
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Participants are immersed in all aspects of the operations of Tetra Tech and complete challenging, real-world assignments designed to hone their leadership and management skills.
+Added: • Tech 1000 Challenge.
+Added: The Tech 1000 Challenge is a competition to create the most innovative, technology focused solution to a real client challenge.
+Added: The event brings together employees from around the world to team up and vie for the technology solutions that address our clients' needs.
+Added: Participants from across our markets form teams to focus on client needs, receive briefings on our Tetra Tech Delta technologies from their peers, and hone their skills in designing strategies and pitching client solutions.
• Project Excellence Program.
2 unchanged sentences
• Fearless Entrepreneur Program.
−Removed: Tetra Tech develops into client-oriented, business-minded professionals who are driven to understand and meet the needs of our clients.
+Added: Through this program, Tetra Tech develops client-oriented, business-minded professionals who are driven to understand and meet the needs of our clients.
Developing professionals are challenged and mentored through a process of building client relationships.
83 unchanged sentences
Hopson was appointed Senior Vice President, General Counsel and Secretary to the Board of Directors in January 2018.
−Removed: He also serves as the Chief Compliance Officer.
+Added: He also serves as the Chief Compliance Officer and is responsible for the global Human Resources function.
For the prior 10 years, Mr.
−Removed: Hopson served as Vice President, Assistant General Counsel and Assistant Corporate Secretary at the engineering and infrastructure firm AECOM.
−Removed: Prior to this, he was a Senior Associate at the law firm O’Melveny & Myers LLP.
−Removed: Hopson began his career as a judicial clerk on the U.S.
−Removed: Court of Appeals for the Ninth Circuit.
+Added: Hopson served as Vice President, Assistant General Counsel and Assistant Corporate Secretary at AECOM.
+Added: Prior to this, he was with O’Melveny & Myers LLP and the U.S.
+Added: Court of Appeals.
Hopson holds B.A.
5 unchanged sentences
He is currently responsible for insurance, health and safety and facilities.
+Added: Name Age Position
O'Rourke 48 Senior Vice President, Enterprise Risk Management
7 unchanged sentences
from Worcester State University.
−Removed: Name Age Position
−Removed: Rynning 59 Senior Vice President, President of the Resilient and Sustainable Infrastructure Division of GSG
−Removed: Rynning has more than 30 years of engineering consulting experience with us.
−Removed: He is a registered professional engineer and has served us in numerous capacities including project manager, operations manager, and operating unit leader.
−Removed: He has managed large water infrastructure programs for state and local agencies throughout the United States.
−Removed: Rynning has broad experience in planning and design of water and wastewater infrastructure, utility master planning, and design of water and wastewater transmission and collection systems.
−Removed: In addition, Mr.
−Removed: Rynning has planned and designed reverse osmosis water treatment plants and advanced wastewater treatment systems.
−Removed: He has provided expert advisory services to numerous municipal clients for utility system acquisitions.
−Removed: He holds a B.S.
−Removed: in Civil Engineering and a Master of Business Administration, both from the University of Florida.
Bernard Teufele 56 Senior Vice President, President of the Canada and South America Division of CIG
9 unchanged sentences
We made available, free electronic copies of our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to those reports through the “Investor Relations” portion of our website, under the heading “SEC Filings” filed under “Financial Information.” These reports are available on our website as soon as reasonably practicable after we electronically file them with the Securities and Exchange Commission ("SEC").
−Removed: These reports, and any amendments to them, are also available at the Internet website of the SEC, http://www.sec.gov.
+Added: These reports, and any amendments to them, are also available at the Internet website of the SEC, https://www.sec.gov.
Also available on our website are our Corporate Governance Policies, Board Committees, Corporate Code of Conduct and Finance Code of Professional Conduct.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.