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AECOM FY 2015 Earnings Top Wall Street Forecast; URS Costs to Extend in FY 2016

AECOMAECOM (NYSE: ACM) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings per share of $3.08 for the company’s 2015 fiscal year ended Sept. 30 to exceed the consensus Wall Street estimate by 1 cent.

Fourth quarter earnings at the Los Angeles-based engineering and construction services firm came in at 95 cents per share, a figure 1 cent above Wall Street’s forecast.

AECOM posted $2.69 earnings per share for fiscal 2014 and 83 cents for the fourth quarter that year.

The company also issued a fiscal 2016 outlook for earnings between $3.00 and $3.40 per share.

Earnings numbers exclude acquisition,  integration and other associated costs related to AECOM’s $4 billion purchase of URS Corp. that closed in October 2014.

Including those costs, AECOM reported a loss of $154.8 million for fiscal 2015 compared to a profit of $229.8 million in the prior year period.

AECOM reported $398.44 million in expenses related to the deal for fiscal 2015 and expects to pay an additional $200 million in acquisition and integration costs in fiscal 2016.

The company reported $17.99 billion in fiscal 2015 revenue versus Wall Street analysts’ forecasts of $18.2 billion and the $8.36 billion in sales reported for the previous year.

Total backlog as of Sept. 30 was $40.2 billion with a book-to-burn ratio of 1.0.

Shares in AECOM are flat from the year’s start and have declined 8.12 percent over 12 months.

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