AECOM Technology Corp. gave investors some good news in its first quarter 2010 earnings announcement, released on Feb. 9. The firm reported revenue up 2% to $1.5 billion, for the three months ending Dec. 31, 2009, compared to the same period a year earlier. Backlog jumped 11% in the quarter to $10 billion and net income increased 12%, to $46 million over last year. Based in Los Angeles, AECOM has built itself through acquisitions that have broadened its reach and made results less sensitive to a fall-off in one sector of the economy or world. The company acknowledged that first
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.