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| Aecom reports 62 cents EPS, backlog of $16.0 billion for 3Q 2011 Aecom Technology Corp (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced its financial results for the third quarter of fiscal year 2011, which ended June 30, 2011. Aecom reported net income from continuing operations of $74 million for the third quarter, or diluted earnings per share (EPS) of 62 cents. These results represent an increase of 14% over net income of $65 million - and an increase of 11% over diluted EPS of 56 cents - for the same period last year. Operating income for the third quarter increased to $110 million, 19% higher than the same period last year. Aecom's third-quarter revenue, net of other direct costs, increased to $1.3 billion, 24% higher than the same period last year. Organic revenue, net of other direct costs, increased 4% year over year. Third-quarter gross revenue increased to $2.0 billion, 25% higher than the third quarter of fiscal year 2010. For year-to-date fiscal year 2011, Aecom reported net income from continuing operations of $188 million and operating income of $288 million, an increase of 11% and 19%, respectively, compared to the same period last year. For year-to-date fiscal year 2011, AECOM reported revenue, net of other direct costs, of $3.8 billion and revenue of $5.9 billion, an increase of 24% and 25%, respectively, compared to the same period last year. Aecom announced backlog totaling $16.0 billion at June 30, 2011, a 66% increase year over year. Organically, backlog increased by 18% year over year. At June 30, 2011, the company had $381 million of total cash and cash equivalents, $1.2 billion of debt and $600 million in committed bank facilities with $293 million in unused capacity. Subsequent to the close of the quarter, the company announced a new 5-year revolving credit facility agreement with total borrowing capacity of $1.05 billion. write your comments about the article :: © 2011 Construction News :: home page |