Two major players in the Department of Energy cleanup complex, AECOM and Jacobs, will post financial results this week for the final three months of 2017.
Los Angeles-based AECOM will discuss earnings for the first quarter of its fiscal 2018 during a conference call with analysts at noon Eastern time Tuesday. Dallas-based Jacobs, which in December completed its $3.27 billion purchase of CH2M, will hold its fiscal first-quarter 2018 earnings conference call at 10 a.m. Eastern time Wednesday. Both companies’ earnings reports will be released on the respective mornings of their calls.
AECOM and CH2M are still awaiting a decision from the Government Accountability Office on their protest of a $4.7 billion liquid waste management contract at the Savannah River Site (SRS) in South Carolina. In October, DOE’s Office of Environmental Management awarded the contract to a group consisting of BWXT Technical Services Group, Bechtel National, and Honeywell International. BWXT and Bechtel had been partners with AECOM and CH2M in the incumbent contract.
AECOM reported $4.9 billion in revenue for the quarter ended Sept. 30. That was up from $4.32 billion in the same period a year earlier.
The CH2M merger made Jacobs a $15 billion engineering and infrastructure player on the world stage, and gave it a bigger footprint in the DOE cleanup market.
In January, DOE transferred management of the troubled Plutonium Finishing Plant demolition at the Hanford Site in Washington state to Jacobs, which now owns cleanup contractor CH2M Hill Plateau Remediation Co. The project has been plagued by a spread of radioactive contamination lately.
CH2M also teams with other companies in cleanup at the Oak Ridge Reservation in Tennessee and the Paducah Gaseous Diffusion Plant in Kentucky.
Last time around, Jacobs reported fiscal fourth-quarter 2017 net earnings of $94.1 million, $0.78 per diluted share, on $2.7 billion in revenue. That beat its fourth-quarter 2016 net earnings of $29.6 million, $0.24 per diluted share, on revenue of $2.6 billion.
