{"id":10913,"date":"2013-02-05T00:00:00","date_gmt":"1970-01-01T00:00:00","guid":{"rendered":"https:\/\/aecom.com\/taiwan\/press\/aecom-reported-first-quarter-revenue-of-2-0-billion-and-revenue-net-of-other-direct-costs-of-1-2-billion\/"},"modified":"2017-10-19T05:42:54","modified_gmt":"2017-10-19T09:42:54","slug":"aecom-reported-first-quarter-revenue-of-2-0-billion-and-revenue-net-of-other-direct-costs-of-1-2-billion","status":"publish","type":"press-release","link":"https:\/\/aecom.com\/tw\/press-releases\/aecom-reported-first-quarter-revenue-of-2-0-billion-and-revenue-net-of-other-direct-costs-of-1-2-billion\/","title":{"rendered":"AECOM reported first-quarter revenue of $2.0 billion, and revenue, net of other direct costs, of $1.2 billion."},"content":{"rendered":"<p><b>Quarter Highlights<\/b><\/p>\n<ul type=\"disc\">\n<li>Progress on working capital initiatives contributes to $67 million in operating cash flow and $54 million in free cash flow.<\/li>\n<li>Record backlog of $17.1 billion driven by strength in North America construction; book to burn of 1.3x.<\/li>\n<li>Key markets of transportation and energy contribute to $2 billion in revenue.<\/li>\n<li>Company invests $173 million to repurchase 8 million shares.<\/li>\n<li>Reported EPS of $0.36.<\/li>\n<li>Full-year target diluted EPS range of $2.40 to $2.50 with confidence in high end of range.<\/li>\n<li>Board authorizes $500 million for additional share repurchase.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>AECOM reported first-quarter revenue of $2.0 billion, and revenue, net of other direct costs<sup>1<\/sup>, of $1.2 billion.\u00a0 Operating income decreased 19.3%* largely driven by previously discussed actions taken to better align the cost structure of its Australia business in light of the country\u2019s slowdown in mining. \u00a0These actions are factored into the company\u2019s full-year EPS guidance. \u00a0Reported net income attributable to AECOM in the quarter was $38 million, and diluted earnings per share were $0.36 for the first quarter.<\/p>\n<p>&nbsp;<\/p>\n<div align=\"center\">\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"top\" width=\"153\"><\/td>\n<td colspan=\"3\" valign=\"top\" width=\"230\">\n<p align=\"center\">First Quarter<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"153\"><i>($ in millions,<\/i><\/p>\n<p><i>except EPS)<\/i><\/td>\n<td valign=\"bottom\" width=\"77\">\n<p align=\"center\"><b>Q1 FY12<\/b><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"77\">\n<p align=\"center\"><b>Q1 FY13<\/b><\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\"><b>YOY % Change<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"153\">Gross Revenue<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$2,029<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$2,017<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">(0.6%)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"153\">Net Service Revenue<sup>1<\/sup><\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$1,231<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$1,245<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">1.2%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"153\">Operating Income<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$77<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$62<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">(19.3%)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"153\">Net Income<sup>2<\/sup><\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$48<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$38<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">(20.5%)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"153\">Earnings per Share<sup>2<\/sup><\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$0.42<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$0.36<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">(14.3%)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"153\">Operating Cash Flow<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">($6)<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$67<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">NM<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" width=\"153\">Free Cash Flow<sup>3<\/sup><\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">($25)<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">$54<\/p>\n<\/td>\n<td valign=\"top\" width=\"77\">\n<p align=\"center\">NM<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p><i>*All comparisons are year over year unless noted otherwise.<\/i><\/p>\n<p>\u201cWe drove solid net service revenue improvement in Asia, Europe, management support services and in our civil infrastructure markets,\u201d said John M. Dionisio, AECOM chairman and chief executive officer. \u00a0\u201cWe booked $2.7 billion in new wins and increased our backlog by 8% to $17.1 billion. &amp;#&#8230;<\/p>\n","protected":false},"featured_media":0,"template":"","yst_prominent_words":[],"class_list":["post-10913","press-release","type-press-release","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/press-release\/10913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/press-release"}],"about":[{"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/types\/press-release"}],"version-history":[{"count":0,"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/press-release\/10913\/revisions"}],"wp:attachment":[{"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/media?parent=10913"}],"wp:term":[{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/aecom.com\/tw\/wp-json\/wp\/v2\/yst_prominent_words?post=10913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}