earnings
confidence high
sentiment positive
materiality 0.75
AECOM Q1 FY2023: Adj. EPS $0.86, organic NSR growth 8%, record design backlog, guidance reaffirmed
AECOM
2023-Q1 EPS reported
$0.63
revenue$3,382,355,000
- Adjusted EPS $0.86 (down 3% YoY, but up 8% adjusting for prior-year tax rate); organic NSR grew 8%.
- Design backlog rose 9% to record; book-to-burn 1.3x; pipeline up nearly 30% in proposals.
- Segment adjusted operating margin 14.0% (+40 bps); reaffirmed FY2023 adj. EBITDA $935-975M, adj. EPS $3.55-3.75.
- Free cash flow $84M; $1.5B in share repurchases since Sep 2020; quarterly dividend raised 20% to $0.18.
- Reaffirmed FY2024 targets: adj. EPS $4.75+ and 15% segment adjusted operating margin.