AECOM reported third-quarter revenue of $2.1 billion, a 2.4% increase from the third quarter of fiscal year 2011. Third-quarter revenue, net of other direct costs1, was $1.3 billion. Operating income for the third quarter decreased 6.5% from last year to $103 million due to challenging year-over-year performance in the Management Support Services (MSS) segment. Net income attributable to the company declined 6% to $69 million and earnings per share (EPS) grew 1.6% to 63 cents.
|
Third Quarter |
Year-to-Date |
|||||
| ($ in millions, except EPS) |
Q3 FY11 |
Q3 FY12 |
YOY % Change |
Q3 YTD FY11 |
Q3 YTD FY12 |
YOY % Change |
| Gross Revenue |
$2,047 |
$2,095 |
2.4% |
$5,919 |
$6,135 |
3.6% |
| Net Service Revenue1 |
$1,314 |
$1,324 |
0.7% |
$3,821 |
$3,844 |
0.6% |
| Operating Income |
$110 |
$103 |
(6.5%) |
$288 |
$253 |
(12.1%) |
| Net Income2 |
$74 |
$69 |
(6.0%) |
$188 |
$166 |
(11.7%) |
| Earnings per Share2 |
$0.62 |
$0.63 |
1.6% |
$1.59 |
$1.47 |
(7.5%) |
| Free Cash Flow3 |
$1 |
$186 |
NM |
($29) |
$159 |
|