AECOM beats FY2023 guidance, raises dividend 22%, initiates FY2024 EPS guidance of $4.35-$4.55

AECOM

2023-FY EPS reported $0.39 revenue$14,378,461,000

FY2023: adj EPS $3.71, revenue $14.4B, design backlog record $21.4B, segment margin 14.7% (+60bps).
FY2024 guidance: adj EPS $4.35-$4.55 (20% YoY growth at midpoint), adj EBITDA $1,065-$1,105M, organic NSR growth 8-10%.
Dividend raised 22% to $0.22/share, payable Jan 19, 2024 (record Jan 4); share repurchase authorization increased to $1B.
Derek Kerr appointed to Board, effective Nov 16; will serve on Audit Committee; former CFO of American Airlines.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Derek Kerr

Director

ACM · AECOM

Effective: 2023-11-16
Filed: November 13, 2023, 6:59 PM ET

On November 9, 2023, the Board of Directors (the “Board”) of the Company appointed Derek Kerr to the Board.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AECOM reported the quarter ended September 30, 2023 results: revenue $ 3,842, net income $ 34, EPS $ 0.24. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Revenue: $ 3,842
Net income: $ 34
EPS: $ 0.24
Guidance: reaffirmed
Result: reported results

Exact text from the filing

EPS) As Reported Adjusted 1 (Non-GAAP) As Reported YoY % Change Adjusted YoY % Change As Reported Adjusted 1 (Non-GAAP) As Reported YoY % Change Adjusted YoY % Change Revenue $ 3,842 -- 12 % -- $ 14,378 -- 9 % -- Net Service Revenue (NSR) 2 -- $ 1,727 -- 8 % -- $ 6,703 -- 8 % Operating Income $ 80 $ 225 (56 )% 15 % $ 324 $ 847 (50 )% 12 % Segment Operating

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Executive change SEC 8-K Item 5.02 confidence 0.95

Derek Kerr was appointed as Director at AECOM.

Action: appointed
Role: Director

Exact text from the filing

On November 9, 2023, the Board of Directors (the “Board”) of the Company appointed Derek Kerr to the Board.

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

AECOM filing history →

Source: SEC EDGAR

accession 0001104659-23-117223

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