- First quarter performance exceeded the Company’s expectations
- FY’24 financial guidance reiterated, highlighted by 20% adjusted EPS growth at the mid-point
- Design backlog increased by 9% to a record high, including all-time highs across the largest markets
- Segment adjusted operating margin set a first quarter record, driven by high-returning organic NSR growth
- Strong cash flow enabled nearly $100 million of capital returns to shareholders
DALLAS — (BUSINESS WIRE) — February 5, 2024 — AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today reported first quarter fiscal 2024 results.
|
First Quarter Fiscal 2024 |
|
|||
(from Continuing Operations; $ in millions, except EPS) |
As Reported |
Adjusted1 (Non-GAAP) |
As Reported YoY % Change |
Adjusted YoY % Change |
|
Revenue |
$3,900 |
-- |
15% |
-- |
|
Net Service Revenue (NSR)2 |
-- |
$1,708 |
-- |
7% |
|
Operating Income |
$163 |
$223 |
7% |
17% |
|
Segment Operating Margin3 (NSR) |
-- |
15.0% |
-- |
+100 bps |
|
Net Income |
$97 |
$144 |
11% |
22% |
|
EPS (Fully Diluted) |
$0.71 |
$1.05 |
15% |
25% |
|
EBITDA4 |
-- |
$251 |
-- |
14% |
|
Operating Cash Flow |
$143 |
-- |
19% |
-- |
|
Free Cash Flow5 |
-- |
$87 |
-- |
4% |
|
Design Backlog |
$21,847 |
-- |
9%6 |
-- |
|
