URS CORPORATION 4 - 2005 - Laserfiche WebLink

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,,~l't. I,. .. , .~ -~~ ~ COMBINED AREAS STRATEGIC PLAN FOR TERRORISM PREPAREDNESS 2.6 FINANCIAL INFORMATION Fiscal year 2004 figures will not be released until January 14, 2005. 2003 Sales (in millions) . ,!S.186.7 Below, we have provided some financial highlights for 2003. We 1-Year Sales Growth 31.3% will be happy to provide you with financial statements for 2004 when they are released. 2003 Net Income (in millions) $58.1 h f b 1.Year Net Income Growth 5.3% For t e iscal year ending Octo er 31,2003, URS revenues increased 31% to $3.187 billion from $2.428 billion for the fiscal Backlog (in billions) $3.662 year ended October 31,2002. Net income was $58.1 million, or Backlog increase 29% $1.76 per share, fully diluted, compared to $55.2 million or $2.03 per share, fully diluted, in fiscal 2002. As of October 31,2003, lhe Company's backlog was $3.662 billion, compared to $2.828 billion as of October 31, 2002, an increase of 29%. There are no financial conditions that would impede URS' ability to complete this project. 2.6.1 Financial Statement URS' audited financial statement for 2003 can be found on the following page. 2.6.2 Revenue Projections As a publicly traded entity, URS is prohibited from publishing revenue projections. 2.6.3 Claims History As with any national professional service organization the size of URS Corporation, from time to time it is involved in litigation. URS has substantial liability insurance to protect itself from litigation. Additionally. the company has substantial assets, including liquid assets of several million dollars. Various legal proceedings are pending against the Company or its subsidiaries alleging breaches of contract or negligence in connection with the performance of professional services. The Company's management does not believe that any of such proceedings will have a material adverse effect on the consolidated financial position and operations of the Company. URS 34