AECOM reports first quarter fiscal 2024 results

  • 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

--

 


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