TRC Companies Q4 Profit Falls

(RTTNews) - TRC Companies Inc. (TRR) reported that its net income applicable to the company for the fourth-quarter fell to $5.04 million or $0.17 per share from $24.78 million or $0.83 per share in the previous year.

Federal and state income tax provision of $3.91 million compared to Federal and state income tax benefit of $18.67 million last year.

Net service revenue for the quarter grew to $94.49 million from $86.89 million in the previous year. The Net service revenue growth was driven by strong demand across all three of its segments.

"TRC is well-positioned to deliver top-line growth and improve margins as we begin fiscal 2015. .... We are focused on markets in which we have a track record of success, including power generation, transmission and distribution, oil and gas, and transportation," said Chris Vincze Chairman and Chief Executive Officer.