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AECOM reports on its financial position for the year

AECOM has reported its financial results for the fiscal year ending September 2010. Its net income from continuing operations for the year at $237 million is an increase of 27% over net income for last year.


AECOM has reported its financial results for the fiscal year ending September 2010. Its net income from continuing operations for the year at $237 million is an increase of 27% over net income for last year.

Diluted earnings per share from continuing operations are $2.05, an increase of 21% over diluted earnings per share last year.

For 2010, the company’s revenue, net of other direct costs, increased 10% to $4.2 billion. Gross revenue was $6.5 billion — 7% higher than fiscal year 2009.

John M. Dionisio, AECOM’s president and chief executive officer, said “2010 was a year of many noteworthy achievements for AECOM. We furthered our strategy of diversification with the completion of five strategic acquisitions, and we continued to win work on the most prestigious projects around the world.”

The company has a total backlog of $14.7 billion at September 30 this year, a 55% increase from last year.

Michael Burke, the Los Angeles-based company’s executive vice president and chief financial officer, said “We closed the year with improving organic growth, increased operating margins, record backlog of $14.7 billion, and a strong balance sheet to fund future growth. We are excited about the opportunities that we see ahead for AECOM as we complete the integration of our recent acquisitions and continue to pursue new opportunities around the globe.”

The company expects diluted earnings per share for next year to be in the range of $2.20 to $2.30.

AECOM has thousands of employees and multiple offices in Canada, following its purchase over the past few years of large consulting firms including Earth Tech (in 2008), UMA Engineering, Totten Sims Hubicki, Tecsult and Gartner Lee. Most recently — in September, AECOM acquired RSW of Montreal.