SNC’s overall net income was $ 122.1 million or 81 cents per share for the three months ended March 31. That included a net gain of $ 51.1 million or 34 cents per share from asset disposals, primarily the sale of SNC’s share of the Malta International Airport business. Overall net income in the 2015 first quarter was $ 104.4 million.
Adjusted net income was $ 97.04 million, up from $ 94.2 million a year earlier.
Net income for SNC’s main engineering and construction business was $ 31.2 million, down from $ 67.02 million in the first quarter of 2015. Adjusted net income from engineering and construction was $ 57.2 million, up from $ 56.8 million.
Revenue was $ 1.9 billion, down from $ 2.2 billion in the first quarter of 2015.
“Despite the turbulent markets and persisting softer economic environment, we successfully increased our backlog to a new record and maintained a strong balance sheet,” Bruce said Thursday in a statement.