Te tra Tech, Inc.
−Removed: ("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.
+Added: ("Tetra Tech") is a leading global provider of high-end consulting and engineering services that focuses on water, environment and sustainable infrastructure.
We are a global company that is Leading with Science® to provide innovative solutions for our public and private clients.
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Tetra Tech is Leading with Science® to provide sustainable and resilient solutions to our clients' most complex needs.
−Removed: Engineering News-Record ("ENR"), the engineering industry's leading magazine, has ranked Tetra Tech #1 in Water for 20 years in a row.
−Removed: In 2023, we were also ranked #1 in environmental management, wind power, hydro plants, water treatment/desalination and green government offices.
−Removed: ENR also ranked Tetra Tech in the top 10 in numerous categories, including dams and reservoirs, marine and port facilities, power, solar power, solid waste, environmental science, chemical and soil remediation, hazardous waste and site assessment and compliance.
+Added: Engineering News-Record ("ENR"), the engineering industry's leading magazine, has ranked Tetra Tech #1 in Water Treatment and Desalination for 11 years in a row.
+Added: In 2024, we were also ranked #1 in consulting studies;
+Added: environmental management;
+Added: hydro plants;
+Added: offshore and underwater facilities;
+Added: site assessment and compliance;
+Added: and green government offices.
+Added: ENR also ranked Tetra Tech in the Top 10 in numerous categories, including dams and reservoirs, marine and port facilities, power, solar power, solid waste, environmental science, chemical and soil remediation, and hazardous waste.
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.
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We are Leading with Science® throughout our operations, with domain experts across multiple disciplines supported by our advanced analytics, artificial intelligence ("AI"), machine learning and digital technology solutions.
−Removed: Our ability to provide innovation and first-of-kind solutions is enhanced by partnerships with our forward-thinking clients.
+Added: Our ability to provide innovative and first-of-kind solutions is enhanced by partnerships with our forward-thinking clients.
We are diverse, equitable and inclusive, embracing the breadth of experience across our talented workforce worldwide with a culture of innovation and entrepreneurship.
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In supporting our clients, we seek to add value and provide long-term sustainable consulting, engineering and tec hnology solutions.
−Removed: By combining ingenuity and practical experience, we have helped to advance sustainability by managing water, protecting the environment, providing renewable energy, restoring ecosystems and creating 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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Our client-focused project management is supported by strong fiscal management and financial tools.
−Removed: 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.
+Added: We use a disciplined
+Added: 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.
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, renewable energy and related sustainable infrastructure needs.
Throughout our history, we have supported both public and private clients, many for multiple decad es of continuous contracts and repeat business.
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We are often at the leading edge of new challenges where we are delivering one-of-a-kind solutions.
−Removed: These might be a new water treatment technology, a unique solution to addressing new regulatory requirements, a new system for automated assessment of infrastructure assets or a digital twin for real time management of water treatment systems.
−Removed: We combine interdisciplinary capabilities, technical resources and institutional knowledge to implement complex projects that are at the leading edge of policy and technology development.
+Added: These might be a new water treatment technology, a unique solution to addressing coastal erosion, an AI-enabled system for remote assessment of infrastructure assets or a digital twin for real time management of water treatment systems.
+Added: We combine interdisciplinary capabilities, technical resources and institutional knowledge to implement complex projects that are at the leading edge of policy and technology development for our clients around the world.
Leading with Science ®
At Tetra Tech, we provide value-generating solutions by combining operational expertise, science and technology.
−Removed: By Leading with Science® and leveraging our collective technology including advanced data analytics and digital technologies, we create transformational solutions for our clients.
+Added: By Leading with Science® and leveraging our collective technology including advanced data analytics, digital technologies and AI, we create transformational solutions and provide subscription software solutions to our clients.
Tetra Tech's proprietary technologies and solutions, referred to collectively as the Tetra Tech Delta, differentiate us in the market and provide us with a competitive advantage.
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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 appli cations that are shared throughout our company as well as select solutions that are sold externally as software subscriptions.
+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 as well as scalable solutions that are sold externally as software subscriptions.
Our high-end teams connect interdisciplinary experts from across our company's 30,000 staff worldwide.
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Tetra Tech Delta is continually expanding and includes cutting-edge tools on interpretive analysis, modeling of physical systems, forecasting and scenario analysis, optimization and operations research.
−Removed: Subscription solutions provide our clients with extended capabilities for large scale data management, spatial data interpretation, and ability to build and utilize digital twins for land, coastal and structural assets.
+Added: Our subscription solutions provide our clients with extended capabilities for AI-enabled large scale data management, spatial data interpretation, and ability to build and utilize digital twins for land, coastal and structural assets.
Leading with Science® also means fully leveraging the collective expertise provided by our global workforce of 30,000 associates.
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T4 facilitates our innovation culture through webcasts, blogs, multi-media and social media across our global operations.
−Removed: Our Tetra Tech Academy provides a full suite of training resources including project management, leadership development, and broad technical skills.
−Removed: Academy curriculum is provided through online training, virtual workshops and in-person events.
+Added: Our Tetra Tech Learning Hub provides a full suite of training resources including project management, leadership development, and broad technical skills.
+Added: Learning Hub curriculum is provided through online training, virtual workshops and in-person events.
Reportable Segments
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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.
−Removed: Our services advance sustainability and resiliency through the "greening" of infrastructure, design of energy efficiency and resource conservation programs, innovation in the capture and sequestration of carbon, development of disaster preparedness and response plans and improvement in water and land resource management practices.
−Removed: We provide climate change and energy management consulting, and greenhouse gas ("GHG") inventory assessment, certification, reduction and management services.
−Removed: GSG also provides planning, architectural and sustainable engineering services for U.S.
+Added: Our services advance resiliency through the "greening" of infrastructure, design of energy efficiency and resource conservation programs, innovation in the capture and sequestration of carbon, development of disaster preparedness and response plans and improvement in water and land resource management practices.
+Added: We provide energy management consulting, and greenhouse gas ("GHG") inventory assessment, certification, reduction and management services.
+Added: GSG also provides planning, architectural and engineering services for U.S.
federal, state and local government facilities.
−Removed: We support government agencies with related sustainable infrastructure needs, asset management for military housing and educational, institutional and research facilities.
+Added: We support government agencies with related resilient 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 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.
−Removed: We have a full suite of Tetra Tech Delta technology and specialized procedures that support our disaster response, planning and management support services.
+Added: We have a full suite of Tetra Tech Delta technology and specialized software that support our disaster response, planning and management support services.
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.
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and other countries' metropolitan airports.
−Removed: We provide specialized modeling and data analytics for airspace acoustic analysis.
+Added: We provide specialized software products, modeling and data analytics for airspace acoustic analysis.
Our aviation airspace services include data management, data processing, communications and outreach and systems development;
and providing systems analysis and information management.
−Removed: We support governments in implementing international development programs for developing nations to help them address numerous challenges, including access to potable water and adapting to the threats of climate change.
+Added: We support governments in implementing international development programs for developing nations to help them address numerous challenges, including access to potable water, essential energy needs, economic development and climate adaptation.
Our international development services include supporting donor agencies to develop safe and reliable water supplies and sanitation services, support the eradication of poverty, improve livelihoods, promote democracy and increase economic growth.
−Removed: Our programs span planning, designing, implementing, researching and monitoring projects and leverage advanced technology to collect, manage and provide analytics for our clients.
−Removed: Key areas of focus include climate change, agriculture and rural development, governance and institutional development, natural resources and the environment, infrastructure, economic growth, energy, rule of law and justice systems, land tenure and property rights and training and consulting for public-private partnerships.
+Added: Our programs span planning, designing, implementing, researching and monitoring projects and leverage advanced technology and AI-enabled analytics to collect, interpret and provide solutions for our clients.
+Added: Key areas of focus include agriculture and rural development, governance and institutional development, natural resources and the environment, energy and power, infrastructure, economic growth, rule of law and justice systems, land tenure and property rights and training and consulting for public-private partnerships.
Our projects also include building capacity and strengthening institutions in areas such as global health, energy sector reform, utility management, education, food security and local governance.
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CIG supports commercial clients worldwide in renewable energy, industrial, high-performance buildings and aerospace markets.
−Removed: 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), Europe, the United Kingdom, as well as Brazil and Chile.
+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), Europe, the United Kingdom, and South America (primarily Brazil).
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.
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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.
+Added: CIG advances the application and development of Tetra Tech Delta technologies and integrates our high-end AI-enabled software solutions for a wide range of applications including condition assessments, digital twins, integration of satellite and drone imagery and advanced rapid scanning techniques.
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 provides planning, architectural and sustainable engineering services for commercial and government facilities.
+Added: CIG provides planning, architectural and high-performance building engineering services for commercial and government facilities.
We provide high-end design of sustainable energy, water and GHG decarbonization solutions including civil, electrical, mechanical, structural and hydraulic engineering for buildings, campuses and surrounding developments.
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CIG's international services, especially in Canada, Europe, the United Kingdom, and Asia Pacific, include high-end analytical, engineering, architecture, geotechnical, project management and advisory services for infrastructure projects, including early project planning, rail and roadway monitoring and asset management services, collection of condition data, optimization of upgrades and long-term planning for expansion;
−Removed: multi-modal design services for commuter railway stations, airport expansions, bridges and major highways and ports and harbors;
+Added: multi-modal design services for commuter railway stations,
+Added: airport expansions, bridges and major highways and ports and harbors;
and designing resilient solutions to repair, replace and upgrade older transportation infrastructure.
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(2) Includes revenue generated from non-U.S.
−Removed: clients, primarily in Canada, Australia, Europe and the United Kingdom.
+Added: clients, primarily in th e United Kingdom, Australia and Canada.
fe deral government agencies are significant clients.
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We typically support multiple programs within a single U.S.
−Removed: federal government agency, both domestically and internationally.
+Added: fede ral government agency, both domestically and internationally.
We also assist U.S.
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Our international clients are primarily focused in Canada, Australia, Europe and the United Kingdom, and consist of a relatively equal sized mix of government and commercial clients.
−Removed: commercial clients include companies in the chemical, energy, pharmaceutical, retail, aerospace and automotive industries .
+Added: commercial clients include companies in the chemical, energy, pharmaceutical, retail, aerospace and automotive industrie s.
No single client, except for the U.S.
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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.
−Removed: 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.
+Added: 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 bring together high-end interdisciplinary teams that provide innovative solutions for major pursuits.
Our growth initiatives provide a forum for cross-sector collaboration, access to technical solutions and the development of interdisciplinary solutions.
We continuously identify new markets that are consistent with our strategic plan and service offerings, and we leverage our full-service capabilities and internal coordination structure to develop and implement strategies to research, anticipate and position us for future procurements and emerging programs.
−Removed: Our Tetra Tech Delta program facilitates access and exchange of technology solutions across our company, through the use of internal training, inventories and facilitated virtual networking events.
+Added: Our Tetra Tech Delta program facilitates access and exchange of technology solutions and AI-enabled software solutions across our company, through the use of internal training, inventories and facilitated virtual networking events.
Business development activities are implemented by our technical and professional management staff throughout Tetra Tech with the support of company-wide resources and expertise.
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give presentations to civic and professional organizations and present seminars on research and technical applications.
−Removed: Effective development of business is facilitated by each staff member's access to all of our service offerings including our Tetra Tech Delta technology resources.
+Added: Effective development of business is facilitated by each staff member's access to all of our service offerings including our Tetra Tech Delta technology resources and software.
Our strong internal networking programs help our professional staff members to pursue new opportunities and build multi-disciplinary teams for both existing and new clients.
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As a signatory of the United Nations ("UN") Global Compact on human rights, labor, environment and anti-corruption, we embrace the UN Global Compact's Ten Principles as part of the strategy, culture and daily operations of our company.
−Removed: We actively engage with our stakeholders, internally and externally, to encourage input on the materiality of various ESG issues to Tetra Tech and incorporate input into our strategic planning and sustainability reporting.
−Removed: sustainability reporting and key metrics are aligned with the priorities we have set on human capital, professional development, health & safety, and ethics.
+Added: We actively engage with our stakeholders, internally and externally, to encourage input on the materiality of various ESG issues to Tetra Tech and have incorporated input into our double materiality analysis and sustainability program.
+Added: annual sustainability reporting and key metrics are aligned with the priorities we have set on ethics, human capital, professional development, and health & safety.
We report on human capital metrics, including gender balance, racial and ethnic diversity in our workforce, employee engagement and professional development.
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Based on input from stakeholders and in recognition of the importance of the project work we perform each year, in 2021 we also initiated our Billion People Challenge, with the overarching goal to improve the lives of one billion people by 2030.
−Removed: The Billion People Challenge progress is calculated each year based on our annual project impact analysis in five categories that are closely aligned with the Global Reporting Initiative standards and the UN Sustainable Development Goals.
+Added: The Billion People Challenge progress is evaluated each year based on our annual project impact analysis in five categories that are closely aligned with the Global Reporting Initiative standards and the UN Sustainable Development Goals.
Our Sustainability Program is led by our Chief Sustainability Officer, who has been appointed by our Board of Directors and is supported by corporate and operations representatives through our Sustainability Council.
We continuously review sustainability-related policies and practices, integrate input from stakeholders, and assess the results of our efforts in order to make future improvements.
−Removed: Tetra Tech's Board of Directors Strategic Planning and Enterprise Risk Committee reviews and approves the Sustainability Program and evaluates our progress in achieving the goals and objectives outlined in our plan.
+Added: Tetra Tech's Board of Directors reviews and approves the Sustainability Program and evaluates our progress in achieving the goals and objectives outlined in our plan.
As part of our membership in the UN Global Compact, we annually report on the Communication on Progress using Tetra Tech's Sustainability Report .
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All acquisitions require the approval of our Board of Directors.
−Removed: On January 23, 2023, we completed the acquisition of RPS Group plc ("RPS"), a publicly traded company on the London Stock Exchange in an all-cash transaction totaling $784 million.
+Added: In the second quarter of fiscal 2024, we acquired LS Technologies ("LST"), an innovative U.S.
+Added: federal enterprise technology services and management consulting firm based in Fairfax, Virginia.
+Added: LST provides high-end consulting and engineering services including advanced data analytics, cybersecurity and digital transformation solutions to U.S.
+Added: government clients.
+Added: In the third quarter of fiscal 2024, we also acquired Convergence Controls & Engineering ("CCE"), an industry leader in process automation and systems integration solutions.
+Added: CCE’s expertise includes customized digital controls and software solutions, advanced data analytics, cloud data integration and cybersecurity applications.
+Added: Both LST and CCE are included in our GSG segment.
+Added: In the second quarter of fiscal 2023, we completed the acquisition of RPS Group plc ("RPS"), a publicly traded company on the London Stock Exchange in an all-cash transaction totaling $784 million.
We funded the RPS acquisition with debt, net of $109 million in proceeds from a foreign exchange forward contract that we entered into at the same time we made the formal offer to acquire RPS on September 23, 2022.
RPS employs approximately 5,000 associates in the United Kingdom, Europe, Asia Pacific and North America, delivering high-end solutions, especially in energy transformation, water and program management for government and commercial clients.
−Removed: In fiscal 2023, RPS contributed revenue of approximately $600 million to our consolidated results.
−Removed: RPS contributed $5.0 million to our consolidated operating income in fiscal 2023, which includes $26.8 million of intangible amortization.
Substantially all of RPS is included in our CIG segment.
−Removed: In fiscal 2023, we also acquired Amyx, Inc.
+Added: In the second quarter of fiscal 2023, we also acquired Amyx, Inc.
(“Amyx”), an enterprise technology services, cybersecurity and management consulting firm based in Reston, Virginia.
−Removed: With over 500 employees, Amyx provides application modernization, cybersecurity, systems engineering, financial management and program management support on over 30 Federal Government programs.
+Added: With over 500 employees, Amyx provides application modernization, cybersecurity, systems engineering, financial management and program management support on over 30 U.S.
+Added: federal government programs.
Amyx is included in our GSG segment.
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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: We did not divest of any businesses in fiscal 2023.
+Added: the fourth quarter of fiscal 2024, we agreed to divest a financially immaterial subsidiary in South America and a line of business in Australia.
+Added: We did not divest any businesses in fiscal 2023.
The market for our services is generally competitive.
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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 approximately two-thirds of our backlog at the end of fiscal 2023 will be recognized as revenue in fiscal 2024, as work is being performed.
+Added: We estimate that approximately 70% of our backlog at the end of fiscal 2024 will be recognized as revenue in fiscal 2025, 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: Our backlog at fiscal 2023 year-end was $4.8 billion, an increase of $1.0 billion, or 27.9%, compared to fiscal 2022 year-end.
+Added: Our backlog at fiscal 2024 year-end was $5.4 billion, an increase of $586 million, or 12.2%, compared to fiscal 2023 year-end.
Of this amount, GSG and CIG reported $3.2 billion and $2.2 billion of backlog, respectively, at fiscal 2024 year-end.
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Climate Risk Assessment
−Removed: We assess the impact of climate on our operations and business periodically, as part of our Board of Directors' Strategic Planning and Enterprise Risk Committee meetings.
−Removed: Climate risk is a consideration in business continuity planning and operational security in regions that may experience climate-related disruptions due to extreme weather, fires, or flooding.
+Added: We assess the impact of climate risk and opportunity on our operations and business periodically, with the oversight of our Board of Directors.
+Added: Climate risk is a consideration in business continuity planning and security in regions that may experience climate-related disruptions due to extreme weather, fires, or flooding.
+Added: Climate related impacts may also create increased demand for our services for response and longer-term recovery needs.
In some cases, we may be working in regions that also experience socio-political impacts and security disruptions due to the impacts of extreme weather or prolonged drought conditions.
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Our offices are typically leased, so we are not at significant risk of physical building assets being impacted.
−Removed: Select project activities can be impacted by climate related events;
+Added: Selecting project activities can be impacted by climate related events;
however, these are addressed through our extensive project risk management process.
Climate-related disruptions do, in many cases, result in increased opportunity for project work for Tetra Tech.
−Removed: We provide post-disaster response services and may have additional demand for our expertise if there is an increase in the frequency in climate related events.
−Removed: Furthermore, our business includes providing a wide range of water, environment and sustainable infrastructure services, many of which are increased by the longer-term impacts associated with drought, water scarcity, heat, flooding and fire risk.
+Added: We provide post-disaster response services and may have additional demand for our expertise if there is an increase in the frequency of climate related events.
+Added: We are able to mobilize rapidly to deploy additional staff and resources to affected areas.
+Added: Furthermore, our business includes providing a wide range of water, environment and sustainable infrastructure services, many of which are increasingly in demand to address the longer-term impacts associated with drought, water scarcity, heat, flooding and fire risk.
Risk Management and Insurance
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We maintain a comprehensive general liability insurance policy with an umbrella policy that covers losses beyond the general liability limits.
−Removed: We also maintain professional errors and omissions liability and contractor's pollution liability insurance policies.
−Removed: We believe that both policies provide adequate coverage for our business.
+Added: We also maintain professional errors and omissions liability, contractor's pollution liability, and cyber liability insurance policies.
+Added: We believe that these policies provide adequate coverage for our business.
When we perform higher-risk work, we obtain, if available, the necessary types of insurance coverage for such activities, as is typically required by our clients.
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Our historic levels of insurance coverage and reserves have been adequate.
−Removed: However, partially or completely uninsured claims, if successful and of significant magnitude, could have a material adverse effect on our business.
+Added: partially or completely uninsured claims, if successful and of significant magnitude, could have a material adverse effect on our business.
Human Capital Management
−Removed: At fiscal 2023 year-end, we ha d approximately 27,000 staff worldwide.
−Removed: A large percentage of our employees have technical and professional backgrounds and undergraduate and/or advanced degrees, inc luding 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, software engineers, oceanographers, project managers and toxicologists.
+Added: At fiscal 2024 year-end, we had approximately 30,000 staff worldwide.
+Added: A large percentage of our employees have technical and professional backgrounds and undergraduate and/or advanced degrees, including the e mployees of recently acquired companies.
+Added: Our professional staff includes, but is not limited to, analysts, archaeologists, architects, biologists, chemical engineers, chemists, civil engineers, data scientists, computer scientists, digital engineers, economists, electrical engineers, environmental engineers, environmental scientists, geologists, hydrogeologists, mechanical engineers, software engineers, statisticians, oceanographers, project managers and toxicologists.
We consider the current relationships with our employees to be favorable.
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Tetra Tech is committed to providing and maintaining a healthy and safe work environment for our associates.
−Removed: 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.
−Removed: Diversity, Equity and Inclusion.
+Added: We provide training to all associates to support the safe execution of their work 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: Ethics and Compliance.
+Added: Tetra Tech maintains an unwavering commitment to integrity, ethical practices, and conducting business in full compliance with the law.
+Added: Our Code of Business Ethics and Conduct outlines the general ethical principles that help us make the right decisions when conducting business worldwide.
+Added: To support our employees, we provide a variety of resources and trainings and offer multiple avenues to raise questions or concerns - to help ensure long-term success for our employees, company, clients, and shareholders.
+Added: Diversity, Equity, Inclusion and Accessibility.
Tetra Tech brings together engineers and technical specialists from all backgrounds to solve our clients' most challenging problems.
−Removed: Our Diversity, Equity and Inclusion ("DEI") Policy guides the Board of Directors, management, associates, subcontractors and partners in developing an inclusive culture.
−Removed: 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.
−Removed: Tetra Tech values diversity, equity and inclusion and undertakes various efforts throughout its operations to promote these initiatives.
+Added: Our Diversity, Equity, Inclusion and Accessibility ("DEIA") Policy guides the Board of Directors, management, associates, subcontractors and partners in developing an inclusive culture.
+Added: Our DEIA Council monitors Tetra Tech's diversity, equity, inclusion and accessibility 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, inclusion and accessibility and undertakes various efforts throughout its operations to promote these initiatives.
Our current efforts are focused on these primary areas:
• Equal employment opportunity.
−Removed: Tetra Tech ensures that our practices and processes attract a diverse range of candidates, and those candidates are recruited, hired, assigned, developed and promoted based on merit and their alignment to our values.
+Added: Tetra Tech ensures that our practices and processes attract a diverse range of candidates and that candidates are recruited, hired, assigned, developed and promoted based on merit and their alignment with our values.
• Enhancing learning and development opportunities.
−Removed: Our Employee Resource Groups ("ERGs") co-sponsor training, mentorship and life skills development opportunities for the entire Tetra Tech community.
−Removed: The DEI program leverages and further extends the impact of our professional development and Tetra Tech Academy Learning and Development resources.
+Added: To support our employees in reaching their full potential, Tetra Tech offers a wide range of internal and external learning and development opportunities.
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, our ERG Program broadens and enhances company-wide interaction opportunities for our 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.
Tetra Tech's ERGs are open to all associates 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).
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Professional Development.
−Removed: Tetra Tech invests in the professional development of our employees.
−Removed: All employees can access training and technical exchange, and skill development through our Tetra Tech Academy Learning and Development Program and customized Learning Management System, providing professional development opportunities throughout our employees' careers.
+Added: Tetra Tech provides access for all employees to training, technical exchange and collaboration, and skill development resources through its customized Learning Management System, providing professional development opportunities throughout our employees' careers.
Technology skills development includes access to a series of live webcasts and recorded technology transfer sessions.
Company-wide networking events provide interactive skills development activities.
−Removed: We also offer professional development programs through our Leadership Academy for Emerging Professionals, Project Management training, and Fearless Entrepreneur program.
−Removed: Tetra Tech's Project Management Training Program is available to all employees and is focused on professional development, techniques for managing high-end projects and how to employ enterprise systems, dashboards and proprietary technology tools.
−Removed: The Project Management training provides employees with access to a full curriculum, where attendees progress through three development tiers.
−Removed: Tetra Tech's Project Excellence Steering Committee sponsors the development and implementation of our comprehensive Project Management Training Program.
−Removed: In addition, we provide comprehensive Health & Safety training, specialized environmental compliance and safety training, and support employees with required external certifications and training.
−Removed: Tetra Tech also provides employees with financial support in the pursuit of academic degrees and continuous learning.
+Added: Employees are also provided with access to training in leadership development, project management skills, and interpersonal skills development.
+Added: Various personal development and wellness programs are sponsored by our Human Resources team.
+Added: Our Corporate Information Technology team provides access to software training and skills development modules to all employees.
+Added: Tetra Tech also supports our employees in discipline specific training, certifications, and accreditation programs across the Company.
+Added: Programs such as specific health and safety programs, hazardous waste investigation, environmental certifications, and professional certifications are encouraged as per client, project and professional development needs.
Executive Officers of the Registrant
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Name Age Position
−Removed: 65 Chairman and Chief Executive Officer
+Added: 66 Chairman, Chief Executive Officer and President
Batrack joined our predecessor in 1980 and was named Chairman in January 2008.
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degree in Business Administration from the University of Washington.
−Removed: Hudkins was appointed President in October 2022.
−Removed: Hudkins has been with us for over 25 years in increasingly responsible positions.
−Removed: She served as President of the Resilient & Sustainable Infrastructure Division from October 2021 to October 2022, President of the IEW Operating Unit from April 2021 to October 2022 and Vice President and Growth Initiatives Program Leader from October 2019 to October 2022.
−Removed: Prior to this, Ms.
−Removed: Hudkins served as Vice President and One Water Leader from May 2015 to October 2019.
−Removed: She is a registered Professional Engineer and is a nationally recognized expert in high-end innovative water treatment solutions.
−Removed: Hudkins holds a master's degree in Civil and Environmental Engineering from the Massachusetts Institute of Technology, and a bachelor's degree in Civil and Environmental Engineering from Duke University.
60 Executive Vice President, Chief Financial Officer
6 unchanged sentences
degree in Business Administration from Santa Clara University and is a Certified Public Accountant.
−Removed: Name Age Position
Leslie Shoemaker
−Removed: 66 Executive Vice President, Chief Sustainability and Leadership Development Officer
−Removed: Shoemaker was appointed Executive Vice President, Chief Sustainability and Leadership Development Officer in October 2022 after serving as Tetra Tech's President since September 2019.
−Removed: Shoemaker joined us in 1991, and has served in various management capacities, including project and program manager, water resources manager and business group president.
−Removed: From 2005 to 2015, she led our strategic planning, business development and company-wide collaboration programs.
−Removed: Her technical expertise is in the management of large-scale watershed and master planning studies, development of modeling tools and application of optimization tools for decision making.
+Added: 67 Executive Vice President, Chief Innovation and Sustainability Officer
+Added: Shoemaker currently serves as Executive Vice President, Chief Innovation and Sustainability Officer focused on the advancement of Tetra Tech Delta technologies, development and deployment of our subscription software offerings, and company-wide technology innovation programs.
+Added: Shoemaker joined us in 1991, and has served in various management capacities, including Tetra Tech President, Chief Strategist, business group president, and water resources project manager.
+Added: Her technical expertise is in the development models and data analytics that leverage emerging technologies to optimize the management of large-scale complex watersheds.
Since the inception of our sustainability program in 2010, she has served as Chief Sustainability Officer leading the formation and evolution of the program.
−Removed: Shoemaker has facilitated leadership development for Tetra Tech's Leadership Academy program.
Shoemaker holds a B.A.
2 unchanged sentences
She was inducted into the United States' National Academy of Engineers in 2022.
−Removed: Argus 62 Senior Vice President, President of GSG and CIG
−Removed: Argus is a chemical engineer with 38 years of experience, including 30 years with us in operational leadership, program and project management and quality assurance for projects encompassing a broad spectrum of environmental, engineering, information technology and disaster management services.
+Added: Name Age Position
+Added: Argus 63 Executive Vice President, President of CIG
+Added: Argus is a chemical engineer with 39 years of experience, including over 30 years with us in operational leadership, program and project management and quality assurance for projects encompassing a broad spectrum of environmental, engineering, information technology and disaster management services.
Argus has also been responsible for managing multidisciplinary contracts and projects in support of the U.S.
11 unchanged sentences
in Business Administration from Miami University and is a Certified Public Accountant.
−Removed: Preston Hopson 47 Senior Vice President, General Counsel and Secretary
−Removed: Hopson was appointed Senior Vice President, General Counsel and Secretary to the Board of Directors in January 2018.
−Removed: He also is responsible for the global Human Resources function and serves as the Chief Ethics and Compliance Officer.
+Added: Preston Hopson 48 Executive Vice President, Chief Legal and Human Capital Officer
+Added: Hopson joined us as Senior Vice President, General Counsel and Secretary to the Board of Directors in January 2018, was appointed Executive Vice President, Chief Legal and Human Capital officer in November 2024.
+Added: He also serves as the Chief Ethics and Compliance Officer.
Previously, Mr.
10 unchanged sentences
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.