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Hill International Q4 total revenue record $189.8 million

Staff writer ▼ | March 25, 2016
Hill International announced financial results for the fourth quarter and full year ended December 31, 2015. Q4 total revenue was a record $189.8 million.
Hill International
Hill International   Q4 EBITDA was $5.5 million
This is an increase of 11.3% from the fourth quarter of 2014. Consulting fee revenue for the fourth quarter was a record $161.5 million, an increase of 7.6% from the prior year's fourth quarter.

EBITDA for the fourth quarter was $5.5 million, up 1.9% from the fourth quarter of 2014. Operating profit for the fourth quarter was $2.9 million, a 4.8% decrease from the prior year's fourth quarter.

Net loss for the fourth quarter was ($1.1 million), or ($0.02) per diluted share, compared to a net loss of ($4.0 million), or ($0.08) per diluted share, in the fourth quarter of 2014.

During the fourth quarter of 2015, there were unusual expenses totaling $5.0 million that adversely impacted the company's financial results.

Excluding the impact of the some unusual expenses in the 2015 fourth quarter, EBITDA would have been $10.5 million, operating profit would have been $7.9 million and net earnings would have been $3.6 million, or $0.07 per diluted share.

The company's total backlog at December 31, 2015 was $860 million, down 2.2% since September 30, 2015. Twelve-month backlog at December 31, 2015 was $388 million, down 2.3% from $397 million at September 30, 2015.

Full year 2015 results

Total revenue for 2015 was a record $720.6 million, an increase of 12.3% from 2014. Consulting fee revenue for 2015 was a record $631.0 million, an increase of 9.3% over the prior year.

EBITDA for 2015 was $41.0 million, a 3.3% decrease from 2014. Operating profit for 2015 was $30.8 million, a 9.1% decrease from the prior year.

Net earnings for 2015 were $6.9 million, or $0.14 per diluted share, compared to a net loss of ($6.1 million), or ($0.14) per diluted share, during 2014.


 

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