AECOM reports fourth quarter and full year fiscal year 2019 results

LOS ANGELES — (BUSINESS WIRE) — November 12, 2019 — AECOM (NYSE: ACM), the world’s premier infrastructure firm, today reported fourth quarter and full year fiscal year 2019 results.

 

 

Full Year Fiscal 2019

 

 

As Reported

 

Adjusted1
(Non-GAAP)

 

As Reported YoY
% Change

 

Adjusted YoY
% Change

Revenue

 

$20,173

 

--

 

0%

 

--

Operating Income

 

$25

 

$868

 

(94%)

 

15%

Net Income

 

($261)

 

$440

 

NM

 

1%

EPS (Fully Diluted)

 

($1.66)

 

$2.75

 

NM

 

3%

EBITDA

 

--

 

$948

 

--

 

13%

Operating Cash Flow

 

$778

 

--

 

0%

 

--

Free Cash Flow

 

--

 

$6942

 

--

 

1%

Backlog

 

59,657

 

--

 

11%3

 

--

Fourth Quarter and Full Year Fiscal 2019 Accomplishments:

  • Full year revenue of $20.2 billion increased slightly from the prior year and set a new record for the Company; full year revenue increased by 2% on an organic4 basis, primarily driven by continued growth in the Americas design and Management Services businesses.
  • Full year net loss and diluted loss per share were $261 million and $1.66, respectively, and included a $588 million non-cash impairment to goodwill related to the Company’s at-risk, self-perform construction businesses, which the Company intends to exit; on an adjusted1 basis, diluted earnings per share was $2.75, which was consistent with the Company’s expectations.
  • Fourth quarter adjusted EBITDA1 increased by 12% over the prior year to $261 million and full year adjusted EBITDA increased by 13% to $948 million due primarily to higher margins and profitability in the DCS segment, as well as higher profitability in the MS segment.
  • The fourth quarter DCS operating margin and adjusted operating margin1 of 7.2% and 8.0%, respectively, set new records, and resulted in 120 basis point increase for the full year record DCS adjusted operating margin to 7.1%.
  • The Company reiterated guidance for an adjusted operating margin 1 in the DCS segment in excess of 8.0% in fiscal 2020, which would translate to an approximately 11.5% adjusted operating margin on a net service revenue 5 (NSR) basis.
  • Fourth quarter operating cash flow of $794 million and free cash flow 2 of $779 million set new records for the Company and enabled $413 million of debt reduction and resulted in net leverage 6 of 2.2x, which is within the Company’s 2.0x - 2.5x target range.
  • Full year free cash flow 2 of $694 million marked the fifth consecutive year of free cash flow generation in excess of $600 million; the Company has now generated $3.4 billion of cumulative free cash flow since fiscal 2015.

1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »
Featured Video
Jobs
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Business Technology Analyst for Surface Water Management at Everett, Washington
Equipment Engineer, Raxium for Google at Fremont, California
Upcoming Events
World Architecture Festival 2024 at Marina Bay Sands Singapore - Nov 6 - 8, 2024
Dimensions User Conference 2024 at The Venetian Resort Las Vegas NV - Nov 11 - 13, 2024
Greenbuild 2024 at Pennsylvania Convention Center Philadelphia PA - Nov 12 - 15, 2024
Digital Construction North (DCN) 2024 at Manchester Central. Manchester United Kingdom - Nov 13, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise