earnings
confidence high
sentiment positive
materiality 0.75
AECOM Q2: Adj. EPS $0.92, revenue $3.49B, record backlog, margin 14.5%, guidance reiterated
AECOM
2023-Q2 EPS reported
$1.17
revenue$6,872,527,000
- Adjusted EPS $0.92 (+11% YoY); GAAP EPS $0.84; revenue $3.49B (+9% YoY); organic NSR growth 8% in design.
- Record total design backlog (+12% YoY); quarterly wins at record high with 1.5 book-to-burn ratio.
- Segment adjusted operating margin 14.5% (+60bps); Americas margin 18.7% (+100bps).
- Reiterated FY2023 adj. EBITDA $935-975M, adj. EPS $3.55-3.75; affirmed FY2024 targets (EPS $4.75+).
- Initiated strategic review of AECOM Capital; results reclassified as non-core going forward.