Marlton-based Hill International, a global construction risk company, announced Tuesday its fourth quarter and full year 2013 financial results.
As for the fourth quarter of 2013, revenue totaled $145 million, an increased by 15.4 percent from 2012, the announcement said. Consulting fee revenue was a record $130.9 million which was an increase of 18.2 percent from the fourth quarter of the prior year.
Revenue for the entire year of 2013 was a record $576.7 million, an increase of nearly 20 percent from 2012. Consulting fee revenue was a record $512.1 million which was an increase of 22.6 percent compared to 2012.
"Despite the small quarterly loss, we finished a strong year with a strong fourth quarter with respect to revenue...," Hill's chairman and CEO Irvin E. Richter said. "We also ended the year with more than one billion dollars in backlog for the first time in our company's history, which bodes well for even better performance in 2014."
The company predicted that consulting fee revenue for 2014 will be between $575 million and $600 million reflecting a 12 to 17 percent growth for the year, the announcement said.
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