earnings
confidence high
sentiment positive
materiality 0.85
AECOM Q2 beats; adjusted EPS $1.04 (+13%); raises FY EBITDA guidance to $1.07-1.105B
AECOM
2024-Q2 EPS reported
$0.70
revenue$7,843,753,000
- Adjusted EPS $1.04 (+13% YoY); revenue $3.94B (+13%); net service revenue $1.82B (+8%).
- Record backlog $23.7B (+3%); adjusted EBITDA $268M (+10%) with margin 15.4% (+40bps).
- Raised FY24 adjusted EBITDA guidance to $1.07-1.105B; adjusted EPS guidance $4.35-4.55 (+20% midpoint).
- Returned $145M to shareholders in H1 via buybacks/dividends; free cash flow $74M in Q2.
- Completed credit facility refinancing at historically attractive pricing; net leverage 0.9x.