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| Aecom posts fourth-quarter, full fiscal year 2009 results Aecom Technology Corp, one of the world's largest engineering and architectural design firms, reported net income from continuing operations of $54 million for the fourth quarter and diluted earnings per share (EPS) from continuing operations of 48 cents for the fourth quarter. This represents an increase of 27% over net income of $43 million for the same period last year and an increase of 20% over diluted earnings per share of 40 cents for the same period last year. Fourth-quarter revenue was $1.6 billion, 0.2% lower than the fourth quarter of fiscal year 2008. AECOM's gross revenue includes a significant amount of pass-through costs and, therefore, the company believes that revenue, net of other direct costs, which is a non-GAAP measure, also provides a valuable perspective on its business results. Fourth-quarter revenue, net of other direct costs, was $989 million, 2% lower than the same period last year. For the full fiscal year 2009, Aecom reported net income from continuing operations of $187 million and diluted EPS from continuing operations of $1.70. This represents an increase of 27% over net income of $147 million for the same period last year and an increase of 21% over diluted EPS of $1.41 for the same period last year. Revenue for fiscal year 2009 was $6.1 billion – 18% higher than fiscal year 2008. For fiscal year 2009, the company's revenue, net of other direct costs, increased 16% to $3.8 billion. write your comments about the article :: © 2009 Construction News :: home page |