AECOM reports third-quarter fiscal year 2013 results
Quarter Highlights
• Free cash flow of $84 million; $211 million year to date.
• Backlog of $16.8 billion with $1.9 billion in new wins.
• EBITDA margin of 10.9 percent improved sequentially and year over year.
• Company invests $74 million to repurchase 2.4 million shares.
• Reported EPS of $0.70, up 11 percent.
• Full-year targeted diluted EPS range of $2.30 to $2.40.
AECOM Technology Corporation (NYSE: ACM) reported third-quarter revenue of $2.1 billion, and revenue, net of other direct costs1, of $1.2 billion. Operating income of $112 million and reported net income2 of $71 million were up 8.8 percent and 1.9 percent, respectively. Diluted earnings per share of $0.70 were up 11.1 percent.
|
Third Quarter |
Year to Date |
|||||
|
($ in millions, except EPS) |
Q3 FY12 |
Q3 FY13 |
YOY % Change |
Q3 YTD FY12 |
Q3 YTD FY13 |
YOY % Change |
| Gross Revenue |
2,095 |
2,067 |
(1) |
6,135 |
6,074 |
(1) |
| Net Service Revenue1 |
1,323 |
1,236 |
(7) |
3,844 |
3,733 |
(3) |
| Operating Income |
103 |
112 |
9 |
253 |
254 |
1 |
| Net Income2 |
69 |
71 |
2 |
166 |
163 |
(2) |
| Earnings per Share2 |
0.63 |
0.70 |
11 |
1.47 |
1.58 |
7 |
| Operating Cash Flow |
202 |
96 |
(52) |
207 |
248 |
20 |
| Free Cash Flow3 |
186 |
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