AECOM Q1 adjusted EPS $1.05 (+25% YoY), record design backlog $21.8B, reiterates FY2024 guidance

AECOM

2024-Q1 EPS reported $0.69 revenue$3,899,920,000

GAAP EPS $0.71, adjusted EPS $1.05 (+25% YoY); revenue $3.9B (+15% YoY); NSR $1.708B (+7% YoY).
Record design backlog $21.85B (+9% YoY); segment adj. operating margin 15.0% (+100bps), a Q1 record.
FY2024 guide reiterated: adj. EPS $4.35-$4.55 (20% growth midpoint); adj. EBITDA $1.065-$1.115B; organic NSR growth 8-10%.
Operating cash flow $143M, free cash flow $87M; ~$100M returned to shareholders via buybacks and dividends in Q1.
Americas design NSR grew 9%, International NSR up 8%; Intl adj. margin record 10.6% (+230bps).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AECOM reported Fiscal 2024 results: EPS between $4.35 and $4.55. Guidance reaffirmed.

Period: Fiscal 2024
EPS: between $4.35 and $4.55
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Company’s guidance also includes expectations for: – Organic NSR 2 growth of approximately 8% to 10%. – A segment adjusted 1 operating margin 3 of approximately 15.6%, representing a 90 basis point increase from fiscal 2023. – Adjusted 1 EBITDA 4 of between $1,065 million and $1,105 million, representing a 13% increase at the mid-point over fiscal 2023. – Adjusted 1 EPS of between $4.35 and $4.55, representing a 20% increase at the mid-point over fiscal 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AECOM reported First Quarter Fiscal 2024 results: revenue $3.9 billion, net income $97 million, EPS $0.71.

Period: First Quarter Fiscal 2024
Revenue: $3.9 billion
Net income: $97 million
EPS: $0.71
Result: reported results

Exact text from the filing

Revenue increased 15% to $3.9 billion, operating income increased 7% to $163 million, the operating margin decreased 30 basis points to 4.2%, net income increased 11% to $97 million and diluted earnings per share increased 15% to $0.71; results included a ($29) million after-tax adjustment to the fair value of AECOM Capital investments.

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Source: SEC EDGAR

accession 0001104659-24-010610

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