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Non-Tech : Aecom Technology

ACM 96.93

-0.4%

Dec 30 3:59 PM EST

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From: JakeStraw	5/5/2011 10:01:44 AM
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AECOM reports second-quarter fiscal year 2011 financial results finance.yahoo.com * Second-quarter diluted earnings per share of 49 cents * Net income from continuing operations for the second quarter of $58 million * Revenue for the second quarter of $1.9 billion * Revenue, net of other direct costs, for the second quarter of $1.3 billion * Total backlog at March 31 of $15.4 billion * FY11 EPS guidance range increased to $2.35-$2.40 from $2.25-$2.35 “We saw continued organic growth, both in revenue and backlog, during the second quarter,” said John M. Dionisio, AECOM president and chief executive officer. “We are pleased that we were able to achieve solid results even with challenging external events, which we believe speaks to the resilience of our diversified business model and to the agility of our team around the world.” “We are poised for continued strong performance as we capitalize on organic-growth opportunities around the world and drive revenue and cost synergies from recent acquisitions. With the fiscal year 2011 federal budget now in place, we expect to see a meaningful increase in our U.S. government business during the second half of the year,” Dionisio said.

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