Two major Energy Department contractors, Dallas-based Jacobs and Los Angeles-based AECOM, will report quarterly earnings and brief financial analysts on Tuesday.
Jacobs executives will discuss earnings, for the quarter ended March 31, during a conference call with financial analysts on Tuesday at 10 a.m. Eastern time. AECOM will hold its conference call at 12 noon Eastern time. Both companies plan to release earnings reports that morning before the market opens.
Jacobs will be reporting on its first full quarter of operations since it completed its $3.27 billion purchase of CH2M in mid-December. CH2M’s business with DOE’s Office of Environmental Management have been placed under Jacobs’ Aerospace and Technology segment.
Jacobs reported $2.8 billion in revenue for the quarter that ended Dec. 31, 2017, which marks the first quarter of the company’s fiscal year. Revenue was up $200 million from the $2.6 billion recorded a year earlier. Net earnings for the quarter was $97 million, or $0.77 per share, up 13 percent from the $83 million, and $0.68 per share one year earlier.
A few months ago, management of the troubled Plutonium Finishing Plant demolition at DOE’s Hanford Site in Washington state shifted from CH2M to Jacobs, which is now owner of cleanup contractor CH2M Hill Plateau Remediation.
Jacobs is also a member of the Honeywell-led Mission Support and Test Services team that a year ago won a $5 billion, 10-year management contract for the Nevada National Security Site.
During its last financial report, AECOM generated $4.9 billion in revenue for the quarter ended Dec. 31, 2017. That was up 12.7 percent from the $4.35 billion recorded in the quarter ended Dec. 31, 2016. Like Jacobs, the quarter ended Dec. 31 is AECOM’s first quarter of the new fiscal year.
Net income and diluted earnings per share for AECOM during its first quarter was $111 million and $0.69, which was well above the $47 million and $0.30 recorded one year earlier.
In February, AECOM and Jacobs subsidiary CH2M won a bid protest filed with the Government Accountability Office over DOE’s award last October of a $4.7 billion, 10-year contract to manage liquid waste at the Savannah River Site in Aiken, S.C. The contract had been awarded to a team comprised of BWXT, Bechtel and Honeywell. DOE recently had the bidding teams submit their last, best offers.
