AECOM Earnings Call Transcripts
Fiscal Year 2026
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Record backlog and strong wins offset by a $337M charge on a delayed Construction Management project, impacting cash flow and reported results. Excluding this, adjusted EBITDA and EPS grew year-over-year, with robust pipelines and multi-year visibility supporting a reaffirmed 5%-8% long-term growth outlook.
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Record Q2 results with strong NSR, margin expansion, and backlog growth, driven by Americas design and AI-enabled wins. Full-year profit guidance raised, with robust funding and pipeline supporting outlook despite Middle East uncertainties.
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Record Q1 results with strong NSR, margin, and backlog growth led to raised full-year guidance. Major wins in infrastructure and data centers, successful AI integration, and increased share repurchase authorization highlight robust market demand and operational momentum.
Fiscal Year 2025
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The company is transforming its business by prioritizing organic growth, AI-driven delivery, and expanding Advisory and Program Management. Financial guidance is strong, with margins expected to exceed 20% and EPS CAGR over 15%. Proprietary AI capabilities are driving operating leverage and competitive differentiation.
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Third quarter results set new records for margins, earnings, and backlog, prompting a raised annual outlook. Strong organic growth, robust cash flow, and high win rates in key markets underpin confidence in continued margin expansion and shareholder returns.
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Record Q2 results with strong NSR, margin, and EPS growth, led by the Americas and supported by record backlog and pipeline. Raised full-year EBITDA and EPS guidance, maintained robust cash flow, and continued strategic investments and shareholder returns.
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Core markets remain strong despite federal uncertainty, with robust growth in program management and advisory. Investments in AI and a collaborative culture drive efficiency and margin expansion, while long-term infrastructure trends and water sector opportunities support sustained growth.
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NSR grew 5.5% year-over-year, with strong margin expansion and record backlog. Adjusted EBITDA and EPS guidance for fiscal 2025 were raised, supported by robust Americas growth, expanding program management, and minimal exposure to federal budget risks.
Fiscal Year 2024
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Record financial performance in 2024 included double-digit growth in adjusted EPS and EBITDA, record free cash flow, and strong backlog and pipeline. Fiscal 2025 guidance calls for continued NSR growth, margin expansion, and robust capital returns, supported by high win rates and strategic investments.
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Record Q3 results with 8% NSR growth, 16% adjusted EBITDA growth, and 23% adjusted EPS growth. Backlog and pipeline are at record highs, supporting raised 2024 guidance and long-term targets. Margins and cash flow remain strong, with robust capital returns and continued investment in high-growth markets.