Exhibit 99.1

Investor Contact:
 
Company Contact:
Dennis Walsh
Thomas W. Bennet, Jr., CFO
Sharon Merrill
(978) 970-5600
(617) 542-5300
tbennet@trcsolutions.com
trr@investorrelations.com
 


TRC Announces Fourth-Quarter and Fiscal Year 2013 Financial Results

Energy and Environmental Segments Drive 10% NSR Growth in Q4

Lowell, MA, September 12, 2013 - TRC Companies, Inc. (NYSE: TRR), a recognized leader in engineering, consulting and construction management services to the energy, environmental and infrastructure markets, announced today financial results for the fiscal three months and year ended June 30, 2013.

Financial Highlights
 
Three Months Ended
 
Year Ended
 
June 30,
 
June 30,
 
June 30,
 
June 30,
(In millions, except per share data)
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
 
 
Net service revenue (1)
$
86.9

 
$
79.3

 
$
320.4

 
$
301.8

Arena Towers litigation reversal (2)
$

 
$

 
$

 
$
(11.1
)
Operating income
$
6.2

 
$
6.0

 
$
18.6

 
$
30.0

Federal and state income tax benefit (provision) (3)
$
18.7

 
$
(0.1
)
 
$
18.0

 
$
3.9

Net income applicable to TRC Companies, Inc.
$
24.8

 
$
5.8

 
$
36.3

 
$
33.6

Diluted earnings per common share
$
0.83

 
$
0.20

 
$
1.23

 
$
1.16

Diluted weighted-average common shares outstanding
29.8

 
29.4

 
29.6

 
28.8


(1) The Company believes net service revenue best reflects the value of services provided and is the most meaningful indicator of revenue performance.
(2) On October 5, 2011 a post-trial motion was granted to disregard a substantial portion of the verdict in this matter resulting in an $11.1 million reduction of the litigation accrual in fiscal 2012.
(3) The Company recorded a tax benefit related to the release of the income tax valuation allowance during the fourth quarter of fiscal 2013.



Comments on the Results

“TRC's strategy to drive profitable growth and performance excellence was demonstrated by our strong performance in fiscal 2013,” said Chris Vincze Chairman and Chief Executive Officer. “We finished the year with 10% NSR growth for the fourth quarter and a 6% overall increase for the year. The growth in the

TRC
650 Suffolk Street • Lowell, Massachusetts 01854
Telephone 978-970-5600 • Fax 978-453-1995


The following information was filed by Trc Companies Inc (TRR) on Thursday, September 12, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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