earnings
confidence high
sentiment positive
materiality 0.85
AECOM Q3 adjusted EPS $1.16 beats; raises FY2024 guidance; record margins
AECOM
2024-Q3 EPS reported
$1.68
revenue$11,995,004,000
- Revenue $4.15B (+13% YoY); NSR $1.83B (+8%); adjusted EPS $1.16 (+23%).
- Record segment adjusted operating margin 16.3% (+110 bps); EBITDA margin 16.5% (+130 bps).
- FY2024 guidance raised: adjusted EBITDA $1,075-$1,105M; adjusted EPS $4.45-$4.55 (21% growth).
- Returned $407M to shareholders YTD; $150M share repurchases after quarter end; $700M+ remaining authorization.
- Backlog $23.4B near all-time high; book-to-burn 1.1x in Americas; pipeline of large pursuits up ~70% YoY.