TRC Announces Strong Second-Quarter Fiscal 2015 Financial Results
NSR and Net Income Up 10% and 29%, Respectively
(firmenpresse) - LOWELL, MA -- (Marketwired) -- 02/04/15 -- (NYSE: TRR), a recognized leader in engineering, consulting and construction management services to the , and markets, today announced financial results for the fiscal second quarter ended December 26, 2014.
"Continued strength in our Environmental segment drove our solid performance in the second quarter of fiscal 2015," said Chris Vincze, Chairman and Chief Executive Officer. "Overall NSR increased 10%, and operating income grew 32%, while net income rose 29%, compared to the second quarter of Fiscal 2014. We are pleased with our progress and see continued strength in our core markets.
"In our Environmental segment, NSR increased 18% and profit increased 16%, primarily due to higher demand from our oil and gas customers for pipeline permitting services. Energy segment NSR was essentially flat, rising 1%, while segment profit increased 8%, driven by project execution and focused cost management. In the Infrastructure segment, NSR was nearly flat while segment profit declined 30%. The weaker performance was due to the timing of change orders on several large projects. Nevertheless, we continue to generate new Infrastructure project wins, and the fundamentals in this market are strong."
"TRC continues to see solid growth opportunities in each of our segments. Our diversified business model is delivering increased profitability and growth. We have a strong balance sheet to support our growth initiatives, including ongoing organic investments and strategic acquisitions. We are encouraged about our outlook for the second half of fiscal 2015 and our long-term growth," concluded Vincze.
TRC will broadcast its financial results conference call today, February 4, 2015 at 9 a.m. ET. To listen to the live webcast and access the accompanying presentation slides, visit the "" section of TRC''s website at . The call also may be accessed by dialing (877) 407-5790 or (201) 689-8328. A webcast replay will be available on the Company''s website for approximately one year.
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, consulting and construction management firm that provides integrated services to the , and markets. TRC serves a broad range of clients in and industry, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC''s website at and follow TRC on and at (at)TRC_Companies and on .
Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss TRC''s future expectations, contain projections of the Company''s future results of operations or of its financial condition, or state other "forward-looking" information. TRC believes that it is important to communicate its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the uncertainty of TRC''s operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments; regulatory uncertainty; the availability of funding for government projects; the level of demand for TRC''s services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; the availability and adequacy of insurance; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See the risk factors and additional discussion in TRC''s Annual Report on Form 10-K for the fiscal year ended June 30, 2014, and other factors included from time to time in the Company''s other subsequent filings with the Securities and Exchange Commission.
Andrew Blazier, Senior Associate
Sharon Merrill
(617) 542-5300
Thomas W. Bennet, Jr.
CFO
(978) 970-5600
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Datum: 04.02.2015 - 06:00 Uhr
Sprache: Deutsch
News-ID 1334729
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