AECOM

Latest Results (17.12.2024):

Revenue Growth

In the fourth quarter of fiscal 2024, AECOM reported a 7% increase in revenue, reaching $4.1 billion. For the full year, revenue grew by 12% to $16.1 billion. This growth reflects the company's strong performance across its largest end markets and geographies.

Net Income and Earnings Per Share

AECOM's net income for the fourth quarter of fiscal 2024 increased by 396% to $168 million, while the diluted earnings per share rose by 421% to $1.25. For the full year, net income increased by 343% to $506 million, and diluted earnings per share grew by 358% to $3.71.

Operating Income and Margins

The company's operating income for the fourth quarter of fiscal 2024 increased by 194% to $236 million. The segment operating margin was 16.7% for the quarter, reflecting a 150 basis point increase. For the full year, operating income rose by 155% to $827 million, with a segment operating margin of 15.8%, exceeding the guidance of 15.6%.

Free Cash Flow and Shareholder Returns

AECOM achieved a record free cash flow of $708 million for the full year, representing a 20% increase from the prior year. The company returned approximately $560 million to shareholders through repurchases and dividends, and increased its share repurchase authorization to $1 billion, along with an 18% increase in its quarterly dividend to $0.26 per share.

Fiscal 2025 Outlook

For fiscal 2025, AECOM expects to deliver record net service revenue and profitability, with organic NSR growth projected between 5% and 8%. The company anticipates adjusted EBITDA to range between $1,170 million and $1,210 million, reflecting a 9% increase at the mid-point over fiscal 2024. Adjusted EPS is expected to be between $5.00 and $5.20, marking a 13% increase at the mid-point compared to fiscal 2024.