TRC Announces Fourth-Quarter Fiscal 2015 Financial Results
Net Service Revenue Up 21% and Net Income Up 34% From Prior Year Fourth Quarter
(firmenpresse) - LOWELL, MA -- (Marketwired) -- 09/09/15 -- (NYSE: TRR), a recognized leader in engineering, consulting and construction management services to the , and markets, today announced financial results for the fiscal fourth quarter and year ended June 30, 2015.
"TRC completed a solid year with strong performance in each of our segments during the fourth quarter," said Chris Vincze, Chairman and Chief Executive Officer. "Overall NSR, operating income and net income were all up significantly as we continued to experience healthy demand across our markets.
"In the fourth quarter of fiscal 2015, NSR increased 21% compared with the same period of fiscal 2014, while operating income was up 19%. For the full fiscal year, NSR was up 15% and operating income rose 47%. Net income was up 34% for the fourth quarter and 61% for the year.
"In our Environmental segment, NSR increased 28% and profit increased 47% in the fourth quarter, driven largely by pipeline permitting activity for our oil and gas clients. For the full fiscal year, NSR and profit in this segment were up 23% and 25%, respectively.
"Energy segment NSR was up 12%, and profit increased 35% in the fourth quarter of 2015 as a result of demand for transmission and distribution services. For the full fiscal year, Energy segment NSR rose 8% and profit increased 20%.
"In the Infrastructure segment, NSR increased 11% and segment profit climbed 16% during the fourth quarter. In addition, backlog grew 92%, driven by increased funding for infrastructure projects at state and local levels," Vincze said. "Infrastructure segment NSR increased 8% and profit grew 7% for the full fiscal year."
"The steady expansion of our business provides us with increased confidence that our strategy is working," Vincze added. "We are consistently growing NSR and margins across the company. The increase in the Infrastructure segment backlog demonstrates improvement in that market during the next several quarters. In the Energy segment, the demand for renewables, transmission asset upgrades and the retirement of coal-fired generation stations will continue to drive growth. In our Environmental segment, pipeline companies continue to transport low-cost natural gas and related liquids to key markets, although we are monitoring the pace of new development."
TRC will broadcast its financial results conference call today, September 9, 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, environmental consulting and construction management firm that provides integrated services to the energy, environmental and infrastructure markets. TRC serves a broad range of clients in government 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, 2015, 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
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 09.09.2015 - 05:00 Uhr
Sprache: Deutsch
News-ID 1384108
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
LOWELL, MA
Phone:
Kategorie:
Alternative Energy
Anmerkungen:
Diese Pressemitteilung wurde bisher 173 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"TRC Announces Fourth-Quarter Fiscal 2015 Financial Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
TRC Companies, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
