Department of Energy contractor AECOM on Tuesday reported $4.9 billion in revenue for the first quarter of its fiscal year, ended Dec. 31, 2017. That was 12.7 percent higher than the $4.35 billion recorded in the quarter ended Dec. 31, 2016.
The Los Angeles-based global infrastructure company reported quarterly net income and diluted earnings per share of $111 million and $0.69, respectively. That was more than double the year-ago figures of $47 million and $0.30, according to AECOM.
AECOM’s Management Services unit, which includes its Energy Department business, reported revenue of $843 million in the most recent quarter. That rose 10 percent from $767 million on a year-over-year basis.
Company-wide, AECOM expects its adjusted earnings per share for the year to be in the range of $2.50-to-$2.90.
Executives on the company’s latest earnings call did not discuss the pending end, currently scheduled for Sept. 30, of the management and operations contract for the Los Alamos National Laboratory in New Mexico. AECOM is a corporate partner in incumbent Los Alamos National Security, but reportedly did not bid on the follow-on contract expected to be awarded this spring.
AECOM remains part of Lawrence Livermore National Security: the management and operations contract for the Larence Livermore National Laboratory in California that includes essentially the same partners as the outgoing Los Alamos manager: University of California, Bechtel National, and BWX Technologies.
