|
contents | business | |||||||||
| Aecom reports 2Q 2012 financial results Aecom Technology Corp, a leading provider of professional technical and management support services for public and private sector clients in more than 130 countries around the world, announced its financial results for the second quarter of fiscal year 2012. Second-quarter revenue was $2.0 billion, a 4% increase from the second quarter of fiscal year 2011. 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. Second-quarter revenue, net of other direct costs, was $1.3 billion. Aecom reported net income attributable to Aecom of $49 million and diluted earnings per share (EPS) of 43 cents for the second quarter. This represents a decrease of 15% from net income of $58 million and a decrease of 12% from diluted earnings per share of 49 cents for the same period last year. Operating income for the second quarter decreased 16% from last year to $73 million. For the first six months of fiscal year 2012, Aecom reported net income attributable to Aecom of $97 million and diluted EPS of 85 cents, a decrease of 15% and 12%, respectively, compared to the same period last year. Operating income for the first six months of fiscal 2012 decreased 16% year over year to $150 million. For the first six months of fiscal year 2012, the company's revenue, net of other direct costs, increased 1% to $2.5 billion, while revenue was $4.0 billion - 4% higher than the same period last year. As a result of these factors, AECOM is adjusting its full-year EPS guidance to $2.30 to $2.45. write your comments about the article :: © 2012 Construction News :: home page |