UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 3, 2012
AECOM TECHNOLOGY CORPORATION
(Exact name of Registrant as specified in its charter)
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Delaware |
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1-33447 |
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61-1088522 |
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(State or Other Jurisdiction |
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(Commission |
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(I.R.S. Employer |
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of Incorporation) |
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File Number) |
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Identification No.) |
555 South Flower Street, Suite 3700
Los Angeles, California 90071
(Address of Principal Executive Offices, including Zip Code)
Registrant’s telephone number, including area code (213) 593-8000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition.
On May 3, 2012, AECOM Technology Corporation issued a press release announcing the financial results for its fiscal second quarter ended March 31, 2012. A copy of the press release is attached to this report as Exhibit 99.1. Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release, dated May 3, 2012, announcing AECOM’s financial results for the second quarter ended March 31, 2012.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereto duly authorized.
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AECOM TECHNOLOGY CORPORATION | |
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Dated: May 3, 2012 |
By: |
/s/ DAVID Y. GAN |
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David Y. Gan |
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Vice President, Assistant General Counsel |
EXHIBIT INDEX
Exhibit
99.1 Press Release, dated May 3, 2012, announcing AECOM’s financial results for the second quarter ended March 31, 2012.
Exhibit 99.1
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For Immediate Release | |
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NR 12-0501 | ||
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Media Contact: SVP & Chief Communications Officer 212.973.3167 Paul.Gennaro@aecom.com |
Investor Contact: SVP, Investor Relations 212.973.2982 Paul.Cyril@aecom.com |
AECOM reports second-quarter fiscal year 2012 financial results
Reports backlog of $16.0 billion
· Revenue for the second quarter of $2.0 billion.
· Revenue, net of other direct costs, for the second quarter of $1.3 billion.
· Second-quarter diluted earnings per share of 43 cents.
· Net income attributable to AECOM for the second quarter of $49 million.
· Total backlog at March 31, 2012, of $16.0 billion.
· FY12 EPS guidance range of $2.30-$2.45.
LOS ANGELES (May 3, 2012) — AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for public and private sector clients in more than 130 countries around the world, announced today its financial results for the second quarter of fiscal year 2012.
Second-quarter revenue was $2.0 billion, a 4% increase from the second quarter of fiscal year 2011. AECOM’s gross revenue includes a significant amount of pass-through costs and, therefore, the company believes that revenue, net of other direct costs, which is a non-GAAP measure, also provides a valuable perspective on its business results. Second-quarter revenue, net of other direct costs, was $1.3 billion.
AECOM reported net income attributable to AECOM of $49 million and diluted earnings per share (EPS) of 43 cents for the second quarter. This represents a decrease of 15% from net income of $58 million and a decrease of 12% from diluted earnings per share of 49 cents for the same period last year. Operating income for the second quarter decreased 16% from last year to $73 million.
For the first six months of fiscal year 2012, AECOM reported net income attributable to AECOM of $97 million and diluted EPS of 85 cents, a decrease of 15% and 12%, respectively, compared to the same period last year. Operating income for the first six months of fiscal 2012 decreased 16% year over year to $150 million. For the first six months of fiscal year 2012, the company’s revenue, net of other direct costs, increased 1% to $2.5 billion, while revenue was $4.0 billion — 4% higher than the same period last year.
“During the quarter, we saw strength in our Professional Technical Services segment driven by accelerated growth in key end markets and regions, including emerging and natural resources as well as Asia. This growth was enabled by investments that we have made to enhance our capabilities across AECOM,” said John M. Dionisio, AECOM chairman and chief executive officer. “Unfortunately, this strength was overshadowed by challenges in our Management Support Services segment.”
As a result of these factors, AECOM is adjusting its full-year EPS guidance to $2.30 to $2.45.
--more--
New Wins and Backlog
“Our new wins accelerated sequentially, topping $2.4 billion, while backlog also was up sequentially to $16 billion — a 4% increase year over year. These metrics demonstrate the underlying strength of our business as clients increasingly turn to AECOM for our integrated service platform and global expertise,” added Michael S. Burke, AECOM president. “This demand, coupled with a broad-based improvement in profitability during the second half, will allow us to achieve our target of generating free cash flow roughly equal to net income this year.”
Business Segments
In addition to providing consolidated financial results, AECOM reports separate financial information for its two segments: Professional Technical Services (PTS) and Management Support Services (MSS).
Professional Technical Services
The PTS segment delivers planning, consulting, architecture and engineering design, and program and construction management services to institutional, commercial and public sector clients worldwide.
For the second quarter of fiscal year 2012, the PTS segment reported revenue of $1.8 billion and revenue, net of other direct costs, of $1.2 billion, compared to revenue of $1.6 billion and revenue, net of other direct costs, of $1.1 billion in the same period last year. This represents a 9% increase in revenue and a 2% increase in revenue, net of other direct costs. PTS segment operating income was $91 million compared to $92 million last year.
Management Support Services
The MSS segment provides facilities management and maintenance, training, logistics, consulting, technical assistance and systems integration services, primarily for agencies of the U.S. government.
For the second quarter of fiscal year 2012, the MSS segment reported revenue of $209.8 million and revenue, net of other direct costs, of $126.4 million, compared to revenue of $290.8 million, and revenue, net of other direct costs, of $148.6 million for the same period during fiscal year 2011. This represents a 28% decrease in revenue and a 15% decrease in revenue, net of other direct costs. In addition, the MSS segment reported operating income of $2 million compared to $19 million for the same period during fiscal year 2011.
Balance Sheet and Cash Flow
As of March 31, 2012, AECOM had $466 million of total cash and cash equivalents, $1.3 billion of debt and $1.05 billion in committed bank facilities with $807 million in unused capacity. Cash flow from operations totaled $11 million in the quarter.
AECOM is hosting a conference call today at 10 a.m. EDT, during which management will make a brief presentation focusing on the company’s results, strategies and operating trends. Those wishing to dial in to the call via telephone can do so by dialing 1-866-831-6272 or 1-617-213-8859 and entering the passcode 45169144. Interested parties also can listen to the conference call and view accompanying slides via webcast at www.aecom.com. The webcast will be available for replay following the call.
About AECOM
AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world’s built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 130 countries and had revenue of $8.2 billion during the 12 months ended March 31, 2012. More information on AECOM and its services can be found at www.aecom.com.
--more--
Forward-Looking Statements: All statements in this press release other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any projections of earnings or other financial items; any statements of the plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements.
Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in forward-looking statements include: uncertainties related to funding, audits, modifications and termination of long-term government contracts; losses under fixed-price contracts; limited control over operations run through our joint venture entities; misconduct by our employees or consultants or our failure to comply with laws or regulations; failure to successfully execute our merger and acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in our reports filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
--more--
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AECOM Technology Corporation |
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Consolidated Statement of Income |
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(unaudited - in thousands, except per share data) |
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Three Months Ended |
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Six Months Ended |
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March 31, 2012 |
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March 31, 2011 |
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March 31, 2012 |
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March 31, 2011 |
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Revenue |
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$ |
2,010,951 |
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$ |
1,936,421 |
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$ |
4,040,131 |
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$ |
3,872,604 |
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Other direct costs |
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721,451 |
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643,022 |
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1,519,782 |
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1,365,428 |
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Revenue, net of other direct costs (non-GAAP) |
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1,289,500 |
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1,293,399 |
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2,520,349 |
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2,507,176 |
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Cost of revenue, net of other direct costs |
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1,213,383 |
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1,193,664 |
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2,353,886 |
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2,302,106 |
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Gross profit |
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76,117 |
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99,735 |
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166,463 |
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205,070 |
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Equity in earnings of joint ventures |
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16,898 |
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11,330 |
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25,860 |
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19,427 |
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General and administrative expenses |
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19,857 |
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23,608 |
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42,468 |
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46,870 |
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Income from operations |
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73,158 |
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87,457 |
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149,855 |
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177,627 |
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Other income |
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4,471 |
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1,456 |
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6,390 |
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3,744 |
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Interest expense, net |
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(11,204 |
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(10,014 |
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(21,818 |
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(19,886 |
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Income from continuing operations before income tax expense |
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66,425 |
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78,899 |
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134,427 |
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161,485 |
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Income tax expense |
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16,769 |
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19,239 |
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36,347 |
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39,742 |
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Net income |
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49,656 |
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59,660 |
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98,080 |
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121,743 |
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Noncontrolling interest in income of consolidated subsidiaries, net of tax |
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(662 |
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(1,945 |
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(1,155 |
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(7,160 |
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Net income attributable to AECOM |
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$ |
48,994 |
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$ |
57,715 |
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$ |
96,925 |
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$ |
114,583 |
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Net income allocation: |
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Preferred stock dividend |
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$ |
– |
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$ |
– |
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$ |
– |
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$ |
2 |
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Net income available for common stockholders |
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48,994 |
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57,715 |
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96,925 |
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114,581 |
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Net income attributable to AECOM |
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$ |
48,994 |
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$ |
57,715 |
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$ |
96,925 |
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$ |
114,583 |
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Net income attributable to AECOM per share: |
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Basic and diluted |
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$ |
0.43 |
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$ |
0.49 |
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$ |
0.85 |
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$ |
0.97 |
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Weighted average shares outstanding: |
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Basic |
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113,352 |
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117,283 |
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113,659 |
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117,642 |
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Diluted |
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114,288 |
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118,278 |
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114,439 |
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118,697 |
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--more--
5-5-5
AECOM Technology Corporation
Balance Sheet and Cash Flow Information
(unaudited - in thousands)
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March 31, 2012 |
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September 30, 2011 | |||
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Balance Sheet Information: |
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Cash and cash equivalents |
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$ |
465,662 |
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$ |
456,940 |
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Accounts receivable, net |
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2,554,224 |
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2,380,181 |
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Working capital |
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1,231,222 |
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1,175,620 |
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Working capital, net of cash and cash equivalents |
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765,560 |
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718,680 |
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Total debt |
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1,260,968 |
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1,162,469 |
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Total assets |
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6,013,232 |
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5,789,328 |
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Total AECOM stockholders’ equity |
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2,433,830 |
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2,339,711 |
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Six Months Ended | |||||
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March 31, 2012 |
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March 31, 2011 | |||
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Cash Flow Information: |
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Net cash provided by (used in) operating activities* |
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$ |
4,998 |
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$ |
(146,035) |
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* March 31, 2011, amount includes deferred compensation plan termination ($90 million) and associated excess tax benefits ($58 million).
--more--
6-6-6
AECOM TECHNOLOGY CORPORATION
Reportable Segments
($ in thousands)
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Professional |
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Management |
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Corporate |
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Total | ||||||
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Three Months Ended March 31, 2012 |
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Revenue |
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$ |
1,801,145 |
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$ |
209,806 |
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$ |
- |
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$ |
2,010,951 |
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Other direct costs |
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638,030 |
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83,421 |
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- |
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721,451 |
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Revenue, net of other direct costs (non-GAAP) |
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1,163,115 |
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126,385 |
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- |
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1,289,500 |
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Cost of revenue, net of other direct costs |
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1,076,674 |
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136,709 |
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- |
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1,213,383 |
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Gross profit |
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86,441 |
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(10,324) |
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- |
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76,117 |
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Equity in earnings of joint ventures |
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4,556 |
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12,342 |
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- |
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16,898 |
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General and administrative expenses |
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- |
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- |
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19,857 |
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19,857 |
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Income from operations |
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$ |
90,997 |
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$ |
2,018 |
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$ |
(19,857 |
) |
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$ |
73,158 |
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Gross profit as a % of revenue |
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4.8% |
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-4.9% |
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- |
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3.8% |
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Gross profit as a % of revenue, net of other direct costs (non-GAAP) |
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7.4% |
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-8.2% |
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- |
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5.9% |
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Three Months Ended March 31, 2011 |
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Revenue |
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$ |
1,645,633 |
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$ |
290,788 |
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$ |
- |
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$ |
1,936,421 |
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Other direct costs |
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500,877 |
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142,145 |
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- |
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643,022 |
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Revenue, net of other direct costs (non-GAAP) |
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1,144,756 |
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148,643 |
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- |
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1,293,399 |
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Cost of revenue, net of other direct costs |
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1,056,998 |
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136,666 |
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- |
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1,193,664 |
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Gross profit |
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87,758 |
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11,977 |
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- |
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99,735 |
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Equity in earnings of joint ventures |
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4,019 |
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7,311 |
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- |
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11,330 |
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General and administrative expenses |
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- |
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- |
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23,608 |
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23,608 |
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Income from operations |
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$ |
91,777 |
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$ |
19,288 |
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$ |
(23,608 |
) |
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$ |
87,457 |
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Gross profit as a % of revenue |
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5.3% |
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4.1% |
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- |
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5.2% |
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Gross profit as a % of revenue, net of other direct costs (non-GAAP) |
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7.7% |
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8.1% |
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- |
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7.7% |
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--more--
7-7-7
AECOM TECHNOLOGY CORPORATION
Reportable Segments
($ in thousands)
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Professional Technical Services |
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Management Support Services |
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Corporate |
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Total |
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Six Months Ended March 31, 2012 |
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Revenue |
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$ |
3,608,549 |
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$ |
431,582 |
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$ |
- |
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$ |
4,040,131 |
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Other direct costs |
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1,344,566 |
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175,216 |
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- |
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1,519,782 |
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Revenue, net of other direct costs (non-GAAP) |
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2,263,983 |
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256,366 |
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- |
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2,520,349 |
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Cost of revenue, net of other direct costs |
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2,092,781 |
|
261,105 |
|
- |
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2,353,886 |
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Gross profit |
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171,202 |
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(4,739) |
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- |
|
166,463 |
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Equity in earnings of joint ventures |
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7,048 |
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18,812 |
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- |
|
25,860 |
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General and administrative expenses |
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- |
|
- |
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42,468 |
|
42,468 |
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Income from operations |
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$ |
178,250 |
|
$ |
14,073 |
|
$ |
(42,468) |
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$ |
149,855 |
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Gross profit as a % of revenue |
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4.7% |
|
-1.1% |
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- |
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4.1% |
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Gross profit as a % of revenue, net of other direct costs (non-GAAP) |
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7.6% |
|
-1.8% |
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- |
|
6.6% |
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Contracted backlog |
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$ |
7,409,504 |
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$ |
962,125 |
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$ |
- |
|
$ |
8,371,629 |
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Awarded backlog |
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6,468,962 |
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1,201,049 |
|
- |
|
7,670,011 |
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Total backlog |
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$ |
13,878,466 |
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$ |
2,163,174 |
|
$ |
- |
|
$ |
16,041,640 |
|
|
|
|
|
|
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Six Months Ended March 31, 2011 |
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|
|
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|
|
|
| ||||
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Revenue |
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$ |
3,221,404 |
|
$ |
651,200 |
|
$ |
- |
|
$ |
3,872,604 |
|
|
Other direct costs |
|
991,841 |
|
373,587 |
|
- |
|
1,365,428 |
| ||||
|
Revenue, net of other direct costs (non-GAAP) |
|
2,229,563 |
|
277,613 |
|
- |
|
2,507,176 |
| ||||
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Cost of revenue, net of other direct costs |
|
2,052,271 |
|
249,835 |
|
- |
|
2,302,106 |
| ||||
|
Gross profit |
|
177,292 |
|
27,778 |
|
- |
|
205,070 |
| ||||
|
Equity in earnings of joint ventures |
|
6,129 |
|
13,298 |
|
- |
|
19,427 |
| ||||
|
General and administrative expenses |
|
- |
|
- |
|
46,870 |
|
46,870 |
| ||||
|
Income from operations |
|
$ |
183,421 |
|
$ |
41,076 |
|
$ |
(46,870) |
|
$ |
177,627 |
|
|
|
|
|
|
|
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| ||||
|
Gross profit as a % of revenue |
|
5.5% |
|
4.3% |
|
- |
|
5.3% |
| ||||
|
Gross profit as a % of revenue, net of other direct costs (non-GAAP) |
|
8.0% |
|
10.0% |
|
- |
|
8.2% |
| ||||
|
|
|
|
|
|
|
|
|
|
| ||||
|
Contracted backlog |
|
$ |
7,770,349 |
|
$ |
747,190 |
|
$ |
- |
|
$ |
8,517,539 |
|
|
Awarded backlog |
|
5,189,214 |
|
1,647,800 |
|
- |
|
6,837,014 |
| ||||
|
Total backlog |
|
$ |
12,959,563 |
|
$ |
2,394,990 |
|
$ |
- |
|
$ |
15,354,553 |
|
--more--
|
8-8-8 |
AECOM Technology Corporation |
|
|
|
Regulation G Information |
|
|
|
($ in millions) |
|
Reconciliation of Revenue to Revenue, Net of Other Direct Costs
|
|
|
Three Months Ended |
|
Six Months Ended |
| ||||||||
|
|
|
March 31, 2012 |
|
March 31, 2011 |
|
March 31, 2012 |
|
March 31, 2011 |
| ||||
|
Consolidated |
|
|
|
|
|
|
|
|
| ||||
|
Revenue |
|
$ |
2,010.9 |
|
$ |
1,936.4 |
|
$ |
4,040.1 |
|
$ |
3,872.6 |
|
|
Less: Other direct costs |
|
721.4 |
|
643.0 |
|
1,519.8 |
|
1,365.4 |
| ||||
|
Revenue, net of other direct costs |
|
$ |
1,289.5 |
|
$ |
1,293.4 |
|
$ |
2,520.3 |
|
$ |
2,507.2 |
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
PTS Segment |
|
|
|
|
|
|
|
|
| ||||
|
Revenue |
|
$ |
1,801.1 |
|
$ |
1,645.6 |
|
$ |
3,608.5 |
|
$ |
3,221.4 |
|
|
Less: Other direct costs |
|
638.0 |
|
500.8 |
|
1,344.5 |
|
991.8 |
| ||||
|
Revenue, net of other direct costs |
|
$ |
1,163.1 |
|
$ |
1,144.8 |
|
$ |
2,264.0 |
|
$ |
2,229.6 |
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
MSS Segment |
|
|
|
|
|
|
|
|
| ||||
|
Revenue |
|
$ |
209.8 |
|
$ |
290.8 |
|
$ |
431.6 |
|
$ |
651.2 |
|
|
Less: Other direct costs |
|
83.4 |
|
142.2 |
|
175.3 |
|
373.6 |
| ||||
|
Revenue, net of other direct costs |
|
$ |
126.4 |
|
$ |
148.6 |
|
$ |
256.3 |
|
$ |
277.6 |
|
Reconciliation of Amounts Provided by Acquired Companies
|
|
|
Three Months Ended March 31, 2012 |
|
Six Months Ended March 31, 2012 |
| ||||||||||||||
|
|
|
Total |
|
Provided by Acquired Companies |
|
Excluding Effect of Acquired Companies |
|
Total |
|
Provided by Acquired Companies |
|
Excluding Effect of Acquired Companies |
| ||||||
|
Consolidated |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Revenue, net of other direct costs |
|
$ |
1,289.5 |
|
$ |
6.4 |
|
$ |
1,283.1 |
|
$ |
2,520.3 |
|
$ |
18.6 |
|
$ |
2,501.7 |
|
Reconciliation of EBITDA to Net Income Attributable to AECOM
|
|
|
Three Months Ended |
| ||||||||||||||||||||||
|
|
|
Mar 31, 2012 |
|
Dec 31, 2011 |
|
Sep 30, 2011 |
|
Jun 30, 2011 |
|
Mar 31, 2011 |
|
Dec 31, 2010 |
|
Sep 30, 2010 |
|
Jun 30, 2010 |
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
EBITDA |
|
$ |
101.6 |
|
$ |
103.0 |
|
$ |
157.8 |
|
$ |
136.2 |
|
$ |
114.3 |
|
$ |
117.1 |
|
$ |
125.8 |
|
$ |
105.9 |
|
|
Less: Interest expense* |
|
10.6 |
|
10.0 |
|
8.9 |
|
10.4 |
|
10.0 |
|
9.9 |
|
5.3 |
|
1.2 |
| ||||||||
|
Less: Depreciation and amortization |
|
25.3 |
|
25.5 |
|
25.1 |
|
28.0 |
|
27.4 |
|
29.8 |
|
21.2 |
|
17.2 |
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Income from continuing operations attributable to AECOM before income taxes |
|
65.7 |
|
67.5 |
|
123.8 |
|
97.8 |
|
76.9 |
|
77.4 |
|
99.3 |
|
87.5 |
| ||||||||
|
Less: Income tax expense |
|
16.7 |
|
19.6 |
|
36.4 |
|
24.0 |
|
19.2 |
|
20.5 |
|
31.5 |
|
22.7 |
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Income from continuing operations attributable to AECOM |
|
49.0 |
|
47.9 |
|
87.4 |
|
73.8 |
|
57.7 |
|
56.9 |
|
67.8 |
|
64.8 |
| ||||||||
|
Discontinued operations, net of tax |
|
– |
|
– |
|
– |
|
– |
|
– |
|
– |
|
– |
|
– |
| ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||||
|
Net income attributable to AECOM |
|
$ |
49.0 |
|
$ |
47.9 |
|
$ |
87.4 |
|
$ |
73.8 |
|
$ |
57.7 |
|
$ |
56.9 |
|
$ |
67.8 |
|
$ |
64.8 |
|
|
|
|
Fiscal Years Ended September 30, |
| ||||||||||
|
|
|
2011 |
|
2010 |
|
2009 |
|
2008 |
| ||||
|
EBITDA |
|
$ |
525.4 |
|
$ |
417.5 |
|
$ |
358.5 |
|
$ |
284.5 |
|
|
Less: Interest (income)/expense* |
|
39.2 |
|
9.9 |
|
10.7 |
|
(1.3 |
) | ||||
|
Less: Depreciation and amortization |
|
110.3 |
|
78.9 |
|
84.1 |
|
62.8 |
| ||||
|
|
|
|
|
|
|
|
|
|
| ||||
|
Income from continuing operations attributable to AECOM before income taxes |
|
375.9 |
|
328.7 |
|
263.7 |
|
223.0 |
| ||||
|
Less: Income tax expense |
|
100.1 |
|
91.7 |
|
77.0 |
|
76.5 |
| ||||
|
|
|
|
|
|
|
|
|
|
| ||||
|
Income from continuing operations attributable to AECOM |
|
275.8 |
|
237.0 |
|
186.7 |
|
146.5 |
| ||||
|
Discontinued operations, net of tax |
|
– |
|
(0.1 |
) |
3.0 |
|
0.7 |
| ||||
|
|
|
|
|
|
|
|
|
|
| ||||
|
Net income attributable to AECOM |
|
$ |
275.8 |
|
$ |
236.9 |
|
$ |
189.7 |
|
$ |
147.2 |
|
* Excluding related amortization.
***