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 diluted $0.30, according to AECOM.
AECOM’s Management Services unit, which includes its Energy Department Office of Environmental Management 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.
“We are capitalizing on market momentum and the benefits of our investments in growth, as evidenced by continued strong organic revenue performance, more than $6 billion of wins for the third time in our history, and 11% backlog growth to a new record of $49 billion, led by our higher-margin MS and DCS [design and consulting service] segments,” said AECOM Chairman and CEO Michael Burke in a press release.
