AECOM reports fourth-quarter, full-year fiscal year 2014 results

Quarter and Full-Year Highlights
• Wins of $4.2 billion in the quarter; backlog of $25.1 billion, including $3 billion acquired from Hunt Construction Group.
• Free cash flow of $162 million; $298 million for full-year fiscal 2014.
• Quarterly EPS of $0.79; full-year EPS of $2.53, excluding acquisition and integration expenses.
• Company targets fiscal year 2015 adjusted EPS of $2.75 to $3.35, including 50 weeks of URS contribution.
• Company completed acquisition of URS Corporation on Oct. 17, 2014, as previously announced.

AECOM, the world’s #1-ranked engineering design firm, reported fourth-quarter revenue of $2.6 billion and net service revenue1, of $1.3 billion.  Operating income equaled $103 million, net income2 was $64 million, and diluted earnings per share2 equaled $0.64. After adjusting for acquisition and integration expenses, diluted earnings per share3 were $0.79 for the quarter and $2.53 for the fiscal year.

Fourth Quarter

Fiscal Year

($ in millions, except EPS)

Q4 FY13

Q4 FY14

YOY % Change

FY13

FY14

YOY % Change
Gross Revenue

 $2,079

$2,563

23

 $8,153

$8,357

3
Net Service Revenue1

 1,244

1,319

6

 4,977

4,856

(2)
Operating Income

123

103

(17)

 377

353

(6)
Net Income2

77

64

(16)

 239

230

(4)
EPS2

0.77

0.64

(17)