Keller Group Reports Record $2.4 Billion Revenue for 2013
The ground engineering specialist's revenue was up 9 percent.
Ground engineering company Keller Group PLC announced financial results for 2013, including a record $2.4 billion revenue (USD), up 9 percent over the previous year.
“All four divisions improved their operating margin,” said CEO Justin Atkinson. “This reflects a sharp focus on continuous improvement in many aspects of the business, as well as an excellent performance on several major projects and improving conditions in certain of our markets.”
Other highlights included an increase to 5.4 percent in the company’s overall operating margin, profit before tax of $6.85 million, and earnings before interest, taxes, depreciation, and amortization of $207.9 million, up 35 percent over the previous year. Earnings per share were $1.22, up 59 percent over 2012.
Another highlight of 2013: The company made three strategic acquisitions worth $315.3 million, and said in a release that integration of those companies is going well.
"The three acquisitions we completed in the year give the group market-leading positions in target markets offering attractive, long-term growth opportunities,” Atkinson said.
"Overall, we expect 2014 to be another year of progress. Looking further ahead, we remain optimistic about our long-term prospects and we are confident that the Group is well positioned to take full advantage of future opportunities."
Keller offers the construction and civil engineering sectors a variety of ground engineering services. It has more than $2 billion in annual revenue and about 7,000 employees worldwide. For more information about Keller Group, visit www.keller.co.uk.