Third quarter 2010 consolidated earnings before interest expense, income taxes, depreciation and amortization (EBITDA) was $87.2m, which contrasts against $128.2m from the respective period of 2009. Similarly, consolidated EBITDA in the third quarter of 2010 was $85.5m, compared with $129.9m in Q3 of 2009.
Meanwhile, with regard to 2011 prospects, della Sala added, “Due to the lagging impact of the competitive conditions under which contracts have been awarded in 2010, it is likely that EBITDA margins in both of our operating groups will be lower in 2011 than in 2010. However, if proposal activities and client inquiry levels continue to remain high, we could very well see an increase in scope revenues in 2011 as compared to 2010.”
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