(URS logo)
EXHIBIT 99.1
     
Contacts:
   
 
   
URS Corporation
  Citigate Sard Verbinnen
 
   
Kent P. Ainsworth
  Hugh Burns/Jamie Tully/Kara Findlay
Executive Vice President
  (212) 687-8080
& Chief Financial Officer
   
OR
   
H. Thomas Hicks
   
Vice President, Finance
   
(415) 774-2700
   
URS CORPORATION REPORTS FISCAL 2005
YEAR-END RESULTS
Revenues Increased 16% and Net Income
Rose 34% from Fiscal 2004
Repaid $238 Million in Debt in 2005; Debt to Total Capitalization
Improved to 19%
Company Provides Guidance For 2006
 
     SAN FRANCISCO, CA — March 15, 2006
— URS Corporation (NYSE: URS) today reported its financial results for the fiscal year ended December 30, 2005. Revenues increased 16% to $3,917.6 million from $3,382.0 million for the Company’s 2004 fiscal year, which ended on October 31, 2004.1
     Net income for fiscal 2005 was $82.5 million, or $1.72 per share, fully diluted, including a pre-tax charge of $33.1 million, or $0.42 per share, net of tax, related to $127.2 million of note redemptions, the retirement of $10.0 million of the Company’s 121/4% notes and $1.8 million of its 61/2% debentures, and the restructuring of the Company’s senior credit facility, all of which took place during the first nine months of fiscal 2005. Net income for fiscal 2004 ended October 31, 2004, was $61.7 million, or $1.53 per share, fully diluted. Net income for fiscal 2004 included a
 
1   As previously announced, the Company changed its fiscal year, effective January 1, 2005. URS now reports its financial results on a 52/53-week fiscal year ending on the Friday closest to December 31, with interim quarters ending on the Fridays on or closest to, March 31, June 30 and September 30. URS’ prior fiscal year ended on October 31.

1


The following information was filed by Urs Corp (URS) on Wednesday, March 15, 2006 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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