logo
Share SHARE
FONT-SIZE Plus   Neg

URS Q4 Profit Down - Quick Facts

URS Corp. (URS) reported fourth-quarter net income attributable to the company of $28.4 million, or $0.37 per share, down from $60.0 million, or $0.75 per share, in the fourth quarter of 2010.

Excluding charges, URS' fourth quarter fiscal 2011 net income would have been $68.5 million and earnings per would have been $0.89.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.98 per share on revenues of $2.54 billion for the quarter. Analysts' estimates typically exclude special items.

Revenues were $2.39 billion, compared to revenues of $2.38 billion in the fourth quarter of 2010.

URS also announced that its Board of Directors has approved the initiation of a regular quarterly cash dividend program. The initial quarterly cash dividend of $0.20 per common share will be paid on April 6, 2012 to stockholders of record as of March 16, 2012. Future declarations of quarterly dividends are subject to the approval of URS' Board of Directors.

On February 21, 2012, URS announced its outlook for fiscal 2012, excluding any effect from its proposed acquisition of Flint Energy Services Ltd. As announced, URS expects its standalone fiscal 2012 revenues will be between $9.9 billion and $10.1 billion, net income will be between $292 and $300 million and EPS will be between $3.95 and $4.05. Analysts expect the company to report earnings of $4.00 per share on revenues of $10.41 billion for fiscal 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Yamaha Motor Co. is planning to recall multiple three-cylinder motorcycle models due to a safety issue with the lower handlebar, Asphalt & Rubber has reported. According to the report, the stud bolt threads might not have enough thread-locking agent applied to them due to the lower handlebar being improperly painted. Uber is closing its ride-hailing services in Denmark next month, citing upcoming changes in regulations that would make its app unworkable for consumers. The San Francisco-based company said in a blog post that it will close its services on April 18, 2017, as the new laws currently being proposed in Denmark will not allow drivers to use their privately owned cars for ride sharing. Breitbart News' request for permanent congressional press passes was denied on Monday, citing concerns about the website's links to the White House and the Republican mega-donor family the Mercers. The U.S. Senate Daily Press Gallery, comprised of a group of five reporters, denied the Capitol Hill press credentials saying members were not satisfied with the given information about its connections.
comments powered by Disqus
Follow RTT