AECOM reports third-quarter fiscal year 2014 results
Quarter Highlights
• $2.2 billion in new wins, up 16 percent year over year.
• Backlog of $20.5 billion, up 22 percent year over year.
• FY14 EPS guidance in the range of $2.50 to $2.60, excluding costs associated with acquisitions.
• Reported EPS of $0.70.
• Acquisition of URS Corporation currently expected to close in October.
LOS ANGELES (Aug. 5, 2014) — AECOM, the world’s #1-ranked engineering design firm, reported today third-quarter revenue of $2.0 billion and net service revenue1 of $1.2 billion. Operating income equaled $92 million, reported net income2 was $69 million, and diluted earnings per share2 equaled $0.70.
|
Third Quarter |
Year to Date |
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|
($ in millions, except EPS) |
Q3 FY13 |
Q3 FY14 |
YOY % Change |
Q3 YTD FY13 |
Q3 YTD FY14 |
YOY % Change |
| Gross Revenue |
$2,067 |
$1,968 |
(4.8%) |
$6,074 |
$5,794 |
(4.6%) |
| Net Service Revenue1 |
$1,236 |
$1,205 |
(2.5%) |
$3,733 |
$3,536 |
(5.3%) |
| Operating Income |
$112 |
$92 |
(18.2%) |
$254 |
$250 |
(1.5%) |
| Net Income2 |
$71 |
$69 |
(2.1%) |
$163 |
$166 |
1.9% |
| Earnings per Share2 |
$0.70 |
$0.70 |
(0.0%) |
$1.58 |
$1.69 |
7.0% |
| Operating Cash Flow |
$96 |
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