earnings
confidence high
sentiment positive
materiality 0.75
AECOM Q2 fiscal 2022 adjusted EPS $0.83 (+24% YoY); NSR up 4%, backlog $40.8B
AECOM
2022-Q2 EPS reported
$0.72
revenue$6,480,374,000
- Adjusted EPS $0.83, +24% YoY; GAAP EPS $0.34 (down 42%) on $69M pre-tax Russia exit charge.
- Net service revenue $1.614B, +4% constant-currency; segment adjusted margin 13.8% (Q2 record).
- Total backlog $40.8B, +4% YoY; book-to-burn ratio 1.6 driven by strong win rates.
- First-half free cash flow $145M; returned nearly $300M to shareholders via buybacks and dividends.
- Reiterated FY2022 adjusted EPS guidance $3.30-$3.50, EBITDA $880-$920M, and FY2024 targets of EPS $4.75+ and 15% margin.