AECOM Technology Turns To Profit In Q4, But Misses View - Quick Facts

(RTTNews) - AECOM Technology Corp. (ACM) reported that its fourth-quarter net income attributable to the company was $76.57 million or $0.77 per share, compared to net loss of $224.91 million or $2.05 per share in the year-ago period.

In the prior-year quarter, the company recorded a goodwill impairment charge of $317 million or $2.88 per share, net of tax.

Adjusted net income for the latest quarter was $77 million or $0.77 per share, compared to adjusted net income of $92.3 million or $0.83 per share in the prior-year period. On average, nine analysts polled by Thomson Reuters expected the company to report earnings of $0.79 for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter edged down 0.2 percent to $2.079 billion from $2.082 billion in the same period last year. Analysts had a consensus revenue estimate of $2.06 billion for the quarter.

For fiscal 2014, AECOM forecast earnings in a range of $2.34 to $2.45. The mid-point of the guidance range assumes flat NSR growth and stable EBITDA margin. Analysts expect the company to report earnings of $2.68 per share for the year.

The company expects the first quarter of fiscal 2014 to be similar to last year as a percentage of its full-year earnings.

AECOM reaffirmed its five-year cumulative free cash flow target of $1.3 billion to $1.8 billion, which includes fiscal years 2013 through fiscal 2017.