AECOM holds steady with financial results for 2013
AECOM reported its financial results for the fourth quarter and 2013 fiscal full year on November 12. Gross revenue for the fourth quarter was $2.1 billion and net service revenue was $1.2 billion. Last year's fourth quarter figures were very...
AECOM reported its financial results for the fourth quarter and 2013 fiscal full year on November 12. Gross revenue for the fourth quarter was $2.1 billion and net service revenue was $1.2 billion. Last year’s fourth quarter figures were very close.
For the 2013 fiscal year, gross revenues at $8.2 billion (round figures) were also stable compared to 2012. Net service revenue for the 2013 fiscal year is $5.0 billion, compared to $5.2 billion for fiscal year 2012, while earnings per share for this fiscal year are slightly up at $2.35 in 2013, compared with $2.30 last year.
The Los Angeles-based company reported strength in its transportation and water businesses, and “new wins” led by Europe, Asia and the Americas.
AECOM President Michael S. Burke noted that the company had invested $373 million to repurchase 14.4 million shares of stock in fiscal 2013. And, he noted: “We also invested $82 million in niche acquisitions “in key emerging geographies.”
Burke also pointed out that the company has launched AECOM Capital, “a platform that allows us to play an important role in providing financing as well as design and construction services to our clients.”
John M. Dionisio, AECOM chairman and chief executive officer, said: “During fiscal year 2013, we increased our mix of revenue and profits from emerging markets, enhanced our technical and leadership capabilities in high-growth end markets, and implemented strategic account management teams to better serve our multinational clients,” said “Our diverse geographic footprint allows us to manage through various macroeconomic conditions around the globe.”
To read the full AECOM results, click here.