Thursday, July 30, 2009

Outside Help: URS Corp.

URS Corporation is a large publicly-traded construction and engineering firm based in San Francisco. It is also one of the three outside firms who helped plan and design the extra 160 parking spots at Eltingville Transit Center.

According to a March 3 regulatory filing, URS expects 35% of its 2009 revenue to come from government spending. At that point, it had $10.2 billion worth of government contracts in its backlog.

URS expects 2009 revenues to be between $9.5 and $10.0 billion. Last year, revenues increased 87.4% to $10.1 billion from $5.4 billion in fiscal 2007.

At $50.55, URS stock is up 16% from a year ago while the S&P is still off by 23%.

Just Like WSP Group, URS Corporation was on a buying binge in 2007 and bought Washington Group International, an engineering firm with 25,000 employees that year.

40 comments:

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