The infrastructure company said $2.4 billion of the revenue was generated by its professional technical services business segment, which delivers planning, consulting, architecture and engineering design, as well as program and construction management services.
This equalled to a 27% increase in revenue from the third quarter.
In addition, the PTS segment recorded a 10% rise in net service revenue to $1.2 billion and operating income of $125 million.
“Growth in construction services and continued strength in Europe, the Middle East, Africa, and Asia helped offset a lower-than-anticipated contribution from the company’s design business in the Americas,” the firm said.
This growth also helped offset negative performance in the firm’s second business segment – management support services – where revenue declined 9% in the quarter to $201 million and where net service revenue declined 27% to $98 million.
However, AECOM CEO Michael Burke said the firm was looking to a positive start to the new year, with $4.2 billion worth of new contracts secured in the fourth quarter and expansion and consolidation of services anticipated from the acquisitions of Hunt Construction Group and URS Corporation.
AECOM ended the year with total backlog of $25.1 billion, including $3 billion from the addition of Hunt, he said.
“Our construction services business benefited from continued private sector spending growth and strong execution, while strength in our international design business and improved MSS [management support services] profitability underscored our leading position in the markets we serve,” Burke explained.
“With the URS transaction closed, AECOM is focused on integrating two world-class organisations and executing on our strategy to become the premier fully integrated infrastructure firm.”
Fourth quarter operating income totalled $103 million, net income was $64 million, and diluted earnings per share for the quarter equalled $0.79.
Cash flow from operations for the quarter was $175 million and $361 million for the full year.
For the 2015 fiscal outlook, AECOM is targeting adjusted earnings per share of $2.75 to $3.35.
