URS Corp. said Tuesday that its EG&G and Washington units will be rebranded under its namesake brand at the beginning of the new year and maintained its full-year adjusted profit outlook.
The engineering, construction and technical services provider said it plans a charge of about $20.5 million, or 25 cents per share, in the fourth quarter related to the change to a single URS brand and discontinuation of the Washington brand. It does not expect a similar charge for the rebranding of the EG&G division.
URS still anticipates 2009 adjusted earnings of $2.95 to $3.05 per share.
Analysts surveyed by Thomson Reuters, whose estimates normally exclude one-time items, predict a profit of $3.09 per share.
URS said it will still report financial results for three segments, including infrastructure and environment _ which was previously the URS unit; federal services _ which was the EG&G division, and energy and construction _ which was the Washington unit.