AECOM reports second-quarter fiscal year 2013 results
Quarter Highlights*• Fourth consecutive quarter of free cash flow in excess of net income. • Backlog of $17.1 billion with $2 billion in new wins. • EBITDA margin of 8.2 percent improved sequentially and year over year. • Company invests $65 million to repurchase 2 million shares. • Reported EPS of $0.53, up 23 percent.• Full-year targeted diluted EPS range of $2.40 to $2.50.
AECOM Technology Corporation (NYSE: ACM) reported second-quarter revenue of $2.0 billion, and revenue, net of other direct costs1, of $1.3 billion. Operating income of $80 million and reported net income2 of $54 million both increased 10 percent, and diluted earnings per share of $0.53 were up 23 percent.
|
Second Quarter |
Year-to-Date |
|||||
|
($ in millions, except EPS) |
Q2 FY12 |
Q2 FY13 |
YOY % Change |
Q2 YTD FY12 |
Q2 YTD FY 13 |
YOY % Change |
| Gross Revenue |
2,011 |
1,990 |
(1) |
4,040 |
4,007 |
(1) |
| Net Service Revenue1 |
1,290 |
1,252 |
(3) |
2,520 |
2,497 |
(1) |
| Operating Income |
73 |
80 |
10 |
150 |
142 |
(5) |
| Net Income2 |
49 |
54 |
10 |
97 |
92 |
(5) |
| Earnings per Share2 |
0.43 |
0.53 |
23 |
0.85 |
0.88 |
4 |
| Operating Cash Flow |
11 |
85 |
646 |
5 |
152 |
NM |
| Free Cash Flow3 |
(2) |
… |
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