AECOM on Tuesday reported $5 billion in revenue Tuesday for the quarter ended Dec, 31, about 3 percent more than the $4.9 billion reported in the same period one year earlier.
Net income attributable to AECOM came in at $52 million, down 54 percent from $111 million reported in the same quarter a year ago. The company reported earnings for the three months ended Dec. 31, which is the first quarter for fiscal 2019 for AECOM.
The Los Angeles-based engineering and infrastructure giant reported quarterly earnings per share of $0.33, down 53 percent from the $0.70 recorded for the quarter ended Dec. 31, 2017.
AECOM’s income from operations was $84 million for the quarter, dropping from $131 million a year earlier.
AECOM’s Management Services (MS) unit, which includes its Energy Department ventures, recorded $989 million in quarterly revenue, rising 17 percent year over year from $843 million. The sector’s operating income was $51 million, up more than 25 percent, from $40 million.
For fiscal 2019, which started Oct. 1, AECOM expects adjusted earnings per share in the $2.60 to $2.90 range.
“Continued overall growth in the DCS [Design and Consulting Services] and MS segments, new records for wins and backlog, and adjusted earnings that surpassed our expectations resulted in a strong start to the year,” AECOM Chairman and CEO Michael Burke said in the earnings press release.
AECOM leads vendor teams in major DOE contracts at the Waste Isolation Pilot Plant in New Mexico, the Oak Ridge Site in Tennessee, Hanford Site tank management in Washington state, liquid waste management at the Savannah River Site in South Carolina, and the Separations Process Research Unit in New York state. Altogether, the AECOM-led contracts at DOE are worth more than $15 billion.
