URS Corp. (URS, Financial) filed Quarterly Report for the period ended 2011-09-30.
Urs Corp. has a market cap of $2.89 billion; its shares were traded at around $36.31 with a P/E ratio of 10.7 and P/S ratio of 0.3. Urs Corp. had an annual average earning growth of 7.9% over the past 5 years.
Our consolidated revenues for the nine months ended September 30, 2011 were $7.2 billion, an increase of $354.9 million, or 5.2%, compared with the nine months ended October 1, 2010. Revenues from our Infrastructure & Environment business for the nine months ended September 30, 2011 were $2.8 billion, an increase of $445.8 million, or 19.0%, compared with the nine months ended October 1, 2010. Scott Wilson generated $338.4 million for the Infrastructure & Environment business for the nine months ended September 30, 2011. For the comparable period in the prior year, Scott Wilson revenues of $31.6 million, commencing with the acquisition date, were only partially included in the Infrastructure & Environment s results. Revenues from our Federal Services business for the nine months ended September 30, 2011 were $2.0 billion, an increase of $33.7 million, or 1.7%, compared with the nine months ended October 1, 2010. Apptis generated $106.2 million for the Federal Services business for the nine months ended September 30, 2011. Revenues from our Energy & Construction business for the nine months ended September 30, 2011 were $2.5 billion, a decrease of $44.8 million, or 1.7%, compared with the nine months ended October 1, 2010.
The Energy & Construction business revenues from our power market sector for the nine months ended September 30, 2011 were $690.2 million, a decrease of $44.8 million, or 6.1%, compared with the nine months ended October 1, 2010. The decline in revenues was primarily due to the completion of new fossil power generation projects, which accounted for a decrease of $118.7 million; a decline in activity at an on-going air quality control services project, which accounted for a decrease in revenues of $36.4 million; and a decline in major component replacement projects and other related services performed at nuclear power plants, which accounted for a decrease of $41.6 million in revenues. In addition, we also experienced a $69.7 million decrease in revenues due to the completion of projects involving the retrofit of coal-fired power plants with clean air technologies. These decreases were partially offset by revenue increases of $162.0 million from new projects; a $43.2 million increase due to higher activity at a new nuclear power generation project; and an $18.9 million increase at an on-going gas power generation plant.
The Energy & Construction business revenues from our infrastructure market sector for the nine months ended September 30, 2011 were $255.5 million, a decrease of $139.1 million, or 35.3%, compared with the nine months ended October 1, 2010. The decline in revenues was primarily due to a $93.2 million decrease on a levee construction project, which is nearing completion; a $15.9 million decrease due to lower activity at an on-going dam construction project; and the completion of other projects, which accounted for a decrease of $26.3 million. We also experienced an $8.0 million decrease in revenues due to lower activity on a project to operate and maintain a light rail transit line in New Jersey. In addition, revenues declined $9.6 million as a result of the reclassification of projects from the infrastructure market sector to the federal market sector. These decreases were partially offset by an increase of $20.2 million due to a settlement agreement reached on a light rail construction project.
The Energy & Construction business revenues from our federal market sector for the nine months ended September 30, 2011 were $1.0 billion, an increase of $129.7 million, or 14.2%, compared with the nine months ended October 1, 2010. The increase was primarily driven by higher revenue on a DOE contract to provide nuclear management services for the treatment and disposal of high-level liquid waste, which accounted for an increase of $102.4 million and higher revenue on a DOE nuclear cleanup project, which accounted for an increase of $23.2 million. Revenues also increased by $31.5 million and $14.2 million, respectively, due to increased activity on a DOE deactivation, demolition and removal project and a federal energy technology laboratory project, respectively. A market sector reclassification from infrastructure to federal also resulted in an increase of $9.6 million. These increases were partially offset by a decrease of $45.9 million due to lower activity on the construction of a DOE waste treatment facility.
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Urs Corp. has a market cap of $2.89 billion; its shares were traded at around $36.31 with a P/E ratio of 10.7 and P/S ratio of 0.3. Urs Corp. had an annual average earning growth of 7.9% over the past 5 years.
Highlight of Business Operations:
Our consolidated revenues for the three months ended September 30, 2011 were $2.5 billion, an increase of $131.6 million, or 5.6%, compared with the three months ended October 1, 2010. Revenues from our Infrastructure & Environment business for the three months ended September 30, 2011 were $950.8 million, an increase of $132.6 million, or 16.2%, compared with the three months ended October 1, 2010. Scott Wilson, which we acquired in September 2010, generated $112.8 million for the Infrastructure & Environment business for the three months ended September 30, 2011. For the comparable period in the prior year, Scott Wilson revenues of $31.6 million, commencing with the acquisition date, were only partially included in the Infrastructure & Environment s results. Revenues from our Federal Services business for the three months ended September 30, 2011 were $718.7 million, an increase of $73.5 million, or 11.4%, compared with the three months ended October 1, 2010. Apptis, which we acquired in June 2011, generated $78.6 million for the Federal Services business for the three months ended September 30, 2011. Revenues from our Energy & Construction business for the three months ended September 30, 2011 were $844.6 million, a decrease of $54.0 million, or 6.0%, compared with the three months ended October 1, 2010.Our consolidated revenues for the nine months ended September 30, 2011 were $7.2 billion, an increase of $354.9 million, or 5.2%, compared with the nine months ended October 1, 2010. Revenues from our Infrastructure & Environment business for the nine months ended September 30, 2011 were $2.8 billion, an increase of $445.8 million, or 19.0%, compared with the nine months ended October 1, 2010. Scott Wilson generated $338.4 million for the Infrastructure & Environment business for the nine months ended September 30, 2011. For the comparable period in the prior year, Scott Wilson revenues of $31.6 million, commencing with the acquisition date, were only partially included in the Infrastructure & Environment s results. Revenues from our Federal Services business for the nine months ended September 30, 2011 were $2.0 billion, an increase of $33.7 million, or 1.7%, compared with the nine months ended October 1, 2010. Apptis generated $106.2 million for the Federal Services business for the nine months ended September 30, 2011. Revenues from our Energy & Construction business for the nine months ended September 30, 2011 were $2.5 billion, a decrease of $44.8 million, or 1.7%, compared with the nine months ended October 1, 2010.
The Energy & Construction business revenues from our power market sector for the nine months ended September 30, 2011 were $690.2 million, a decrease of $44.8 million, or 6.1%, compared with the nine months ended October 1, 2010. The decline in revenues was primarily due to the completion of new fossil power generation projects, which accounted for a decrease of $118.7 million; a decline in activity at an on-going air quality control services project, which accounted for a decrease in revenues of $36.4 million; and a decline in major component replacement projects and other related services performed at nuclear power plants, which accounted for a decrease of $41.6 million in revenues. In addition, we also experienced a $69.7 million decrease in revenues due to the completion of projects involving the retrofit of coal-fired power plants with clean air technologies. These decreases were partially offset by revenue increases of $162.0 million from new projects; a $43.2 million increase due to higher activity at a new nuclear power generation project; and an $18.9 million increase at an on-going gas power generation plant.
The Energy & Construction business revenues from our infrastructure market sector for the nine months ended September 30, 2011 were $255.5 million, a decrease of $139.1 million, or 35.3%, compared with the nine months ended October 1, 2010. The decline in revenues was primarily due to a $93.2 million decrease on a levee construction project, which is nearing completion; a $15.9 million decrease due to lower activity at an on-going dam construction project; and the completion of other projects, which accounted for a decrease of $26.3 million. We also experienced an $8.0 million decrease in revenues due to lower activity on a project to operate and maintain a light rail transit line in New Jersey. In addition, revenues declined $9.6 million as a result of the reclassification of projects from the infrastructure market sector to the federal market sector. These decreases were partially offset by an increase of $20.2 million due to a settlement agreement reached on a light rail construction project.
The Energy & Construction business revenues from our federal market sector for the nine months ended September 30, 2011 were $1.0 billion, an increase of $129.7 million, or 14.2%, compared with the nine months ended October 1, 2010. The increase was primarily driven by higher revenue on a DOE contract to provide nuclear management services for the treatment and disposal of high-level liquid waste, which accounted for an increase of $102.4 million and higher revenue on a DOE nuclear cleanup project, which accounted for an increase of $23.2 million. Revenues also increased by $31.5 million and $14.2 million, respectively, due to increased activity on a DOE deactivation, demolition and removal project and a federal energy technology laboratory project, respectively. A market sector reclassification from infrastructure to federal also resulted in an increase of $9.6 million. These increases were partially offset by a decrease of $45.9 million due to lower activity on the construction of a DOE waste treatment facility.
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