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August 31, 2015 5:58 AM ET

Construction and Engineering

Company Overview of CH2M HILL Companies, Ltd.

Company Overview

CH2M HILL Companies, Ltd., together with its subsidiaries, provides professional engineering services to clients worldwide. It performs engineering, modular fabrication, erection, construction, and operations and maintenance services for oil and gas fields; and delivers compression and dehydration facilities, drilling and well support services, enhanced oil recovery infrastructure, field development, fleet support, natural gas gathering and processing, conventional oil production, sulfur recovery, acid gas treating, and heavy oil and steam- assisted gravity drainage facilities. The company also focuses on infrastructure projects that gather, store, and transport oil, natural gas, refined pro...

9191 South Jamaica Street

Englewood, CO 80112

United States

Founded in 1946

25,000 Employees

Phone:

303-771-0900

Key Executives for CH2M HILL Companies, Ltd.

Chairman of The Board, Chief Executive Officer, Chairman of Executive Committee, Member of Outside Director Search Committee and Member of Governance Committee
Age: 54
Chief Financial Officer and Executive Vice President
Age: 55
President of Sustainability
Age: 66
Global Market President of Water Business Group, Global Business Groups President, Director, Member of Governance Committee and Member of Risk Committee
Age: 56
Environment & Nuclear Business Group President
Compensation as of Fiscal Year 2015.

CH2M HILL Companies, Ltd. Key Developments

Cadiz Inc., ATEC Systems Associates Inc. and CH2M Execute Strategic Alliance Agreement to Provide Treatment for Chromium-6 in Drinking Water Sources

Cadiz Inc., ATEC Systems Associates, Inc. and CH2M announced the execution of a strategic alliance agreement for the expanded use of an innovative California Division of Drinking Water-approved technology for the treatment and removal of Chromium-6 from drinking water supplies. The highly-efficient ATEC technology will also enable the economical treatment of water made available by the Cadiz Valley Water Conservation, Recovery & Storage Project for naturally occurring CR-6 prior to its entering the Metropolitan Water District of Southern California's Colorado River Aqueduct, the proposed primary water transportation conduit to the Project's participating water providers. The Santa Margarita Water District, the managing member of the newly formed Fenner Valley Water Authority overseeing Project design and implementation, is currently working with Metropolitan on the technical arrangements for the potential conveyance of water through the CRA, including water quality standards. In 2014, California became the first and only state in the U.S. to limit CR-6 in drinking water to 10 parts per billion, compared to the federal standard for total Chromium in drinking water of 100 ppb. CR-6 occurs naturally at levels above 10 ppb in many groundwater sources across California, including the Cadiz Water Project basin where it naturally occurs at levels that slightly exceed the new California standard. Although a blend of Cadiz water with Metropolitan supplies in the CRA may satisfy the CR-6 water quality regulatory standard, Cadiz and SMWD are sensitive to ensure the Project has the ability to meet any applicable drinking water standards prior to entering the CRA as may be required by Metropolitan. Consequently, Cadiz began evaluating potential treatment technologies in 2013 following the announcement of the new standard. After considering various treatment strategies, Cadiz engaged ATEC to conduct pilot treatment tests at its existing wells. Pilot tests at the Cadiz Water Project area were overseen by CH2M and subsequently peer reviewed by multiple drinking water professionals. The results demonstrate that the ATEC technology can cost-effectively remove CR-6 at the wellhead to a level substantially below the new California State standard. A secondary benefit of the new treatment technology is the removal of arsenic, although Project water is already below current arsenic standards.

CH2M HILL Companies, Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 26, 2015; Provides Earnings Guidance for the Year 2015

CH2M HILL Companies, Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 26, 2015. For the quarter, gross revenue was USD 1,324,048,000 against USD 1,402,448,000 a year ago. Operating income was USD 29,383,000 against USD 19,575,000 a year ago. Income before provision for income taxes was USD 24,960,000 against USD 16,531,000 a year ago. Net income attributable to the company was USD 16,278,000 against USD 11,450,000 a year ago. Basic and diluted net income attributable to the company per common share was USD 0.59 against USD 0.40 a year ago. Non-GAAP net income attributable to the company was USD 22 million or USD 0.83 per share against USD 11 million or USD 0.40 per share a year ago. For the six months, gross revenue was USD 2,588,034,000 against USD 2,681,897,000 a year ago. Operating income was USD 70,248,000 against USD 10,029,000 a year ago. Income before provision for income taxes was USD 61,970,000 against USD 3,769,000 a year ago. Net income attributable to the company was USD 39,776,000 against USD 5,358,000 a year ago. Basic and diluted net income attributable to the company per common share was USD 1.45 against USD 0.18 a year ago. Non-GAAP net income attributable to the company was USD 53 million or USD 1.93 per share against USD 34 million or USD 1.19 per share a year ago. The company expects 2015 revenue to be in the same range as 2014 with substantially improved net income more in line with profitable past performance as a result of the recent restructuring actions, improved operational efficiency, and the expectation that will have fewer projects in a loss position in 2015.

CH2M to Expand Upstate Operations

CH2M is expanding its Upstate South Carolina operations with a new 70,000-square-foot facility in Greenville County. The investment will involve relocation of 350 professional positions and is expected to generate 50 new jobs in Greenville, S.C. By relocating its existing Upstate operations to a new Holder Properties' build-to-suit facility, located at Bonaventure Circle off of Verdae Blvd. in Greenville, S.C., CH2M looks to significantly grow its operations in the Upstate, allowing the company to better meet increasing customer demand. Throughout the site selection process, CH2M prioritized a number of amenities including technology, building infrastructure and location all aimed at employee retention and recruitment.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
June 5, 2015
--
Private Placement
May 27, 2015
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Buyback
March 24, 2015
--
 

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