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| Aecom reports 4Q and FY 2010 results Aecom Technology Corp, a leading provider of professional technical and management support services for government and commercial clients around the world, announced its financial results for the fourth quarter and full fiscal year ended Sept. 30, 2010. Aecom reported net income from continuing operations of $68 million for the fourth quarter and diluted earnings per share (EPS) from continuing operations of 58 cents for the fourth quarter. This represents an increase of 25% over net income of $54 million for the same period last year and an increase of 21% over diluted earnings per share of 48 cents for the same period last year. Fourth-quarter revenue was $1.8 billion, a 12% increase from the fourth quarter of fiscal year 2009. 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 $1.1 billion, representing a 14% increase over the same period last year. Organic revenue, net of other direct costs, for the fourth quarter increased 3.8% year over year. For the full fiscal year 2010, Aecom reported net income from continuing operations of $237 million and diluted EPS from continuing operations of $2.05. This represents an increase of 27% over net income of $187 million for the same period last year and an increase of 21% over diluted EPS of $1.70 for the same period last year. For fiscal year 2010, the company's revenue, net of other direct costs, increased 10% to $4.2 billion, while gross revenue for fiscal year 2010 was $6.5 billion - 7% higher than fiscal year 2009. write your comments about the article :: © 2010 Construction News :: home page |