California-based power company Edison International is scheduled to announce its fourth-quarter and full-year 2016 earnings Tuesday afternoon.
The company’s earnings call is scheduled for 4:30 p.m. Eastern time.
Edison is the parent company of Southern California Edison, owner of the shuttered San Onofre Nuclear Generating Station. A partnership of AECOM and EnergySolutions recently won a $1 billion deal to serve as general contractor for the $4.4 billion decommissioning of the facility.
Edison International brought in $419 million, or $1.29 per share, in net income for the third quarter of 2016. That was down slightly from $421 million, and also $1.29 per share, in the same period of 2015.
Leidos will release its own fourth-quarter and full-year figures on Thursday, with a press release to be issued shortly before the company’s earnings call at 8 a.m. Eastern time.
For the third quarter, Leidos brought in $91 million in net income, $0.80 in earnings per share, a year over year spike of 86 percent from $49 million, or $0.67 in earnings per share. Contributing to that was the acquisition of the Information Systems & Global Solutions (IS&GS) branch from Lockheed Martin, executives said at the time.
The Lockheed-Leidos deal did have a hiccup: Just after it was completed, the Department of Energy’s semiautonomous National Nuclear Security Administration last summer awarded the management and operations contract for the Nevada National Security Site to Lockheed subsidiary Nevada Site Science Support and Technologies Corp. (NVS3T). That deal, though, was quickly revoked in August when the NNSA found that Leidos had taken ownership of NVS3T, but no one had alerted the federal agency. The NNSA then reopened the contract bidding to all companies that had previously submitted offers. A new contract has not been issued.
