Two mainstays of Energy Department contracting, Los Angeles-based AECOM and Dallas-based Jacobs, will post quarterly earnings reports this week.
AECOM will post its earnings before the stock market opens Tuesday, followed by a conference call with Wall Street analysts at 12:00 p.m. Eastern time. Jacobs will report earnings prior to the market opening Wednesday, followed by its analyst conference at 10 a.m. Eastern. Both will detail financial results from the three months ended Dec. 31.
Both the companies report earnings for fiscal years and fourth quarters that end Sept. 30, mirroring the U.S. government’s fiscal year.
AECOM and Jacobs subsidiary CH2M are partners in URS/CH2M Hill Oak Ridge, which has a $2.7 billion contract running through July 2020 for decommissioning work at former Department of Energy (DOE) uranium enrichment facilities at the Oak Ridge Site in Tennessee.
AECOM also leads Washington River Protection Solutions, which has the $6.3 billion tank waste management contract at Hanford, the former plutonium production site Washington state. The pact runs through September 2019. DOE released a draft solicitation for the next Hanford tank waste contract earlier in 2019 and has said it will release a final solicitation in March.
Jacobs in December 2017 acquired CH2M, the major solid-waste cleanup contractor at Hanford. Through the CH2M subsidiary, Jacobs holds the $5.8 billion Hanford Central Plateau cleanup contract that began in 2008, and which DOE has extended through September. Jacobs booked charges related to the CH2M acquisition in its 2018 fiscal year.
