Aecom ( (ACM) ) has released its Q4 earnings. Here is a breakdown of the information Aecom presented to its investors.
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AECOM is a global leader in infrastructure services, providing solutions in water, environment, energy, transportation, and buildings. As a Fortune 500 firm, AECOM partners with public and private sector clients to deliver sustainable and resilient solutions throughout the project lifecycle.
In its latest earnings report for fiscal year 2024, AECOM reported a significant increase in revenue and earnings, surpassing its previous guidance. With a 12% increase in full-year revenue to $16.1 billion and a net income growth of 343% to $506 million, the company has set new records in financial performance. The company’s total backlog and pipeline of opportunities have reached all-time highs, indicating strong future growth potential.
Key highlights from the report include a 7% increase in fourth-quarter revenue, a 194% rise in operating income to $236 million, and a 396% increase in net income to $168 million. AECOM also achieved record margins, with an adjusted EBITDA margin of 16.7% for the fourth quarter. The company has increased its share repurchase authorization to $1 billion and raised its quarterly dividend by 18%.
Looking ahead, AECOM projects continued growth for fiscal 2025, with expectations of record net service revenue and profitability. The company anticipates adjusted EBITDA of between $1,170 million and $1,210 million, and adjusted EPS between $5.00 and $5.20. AECOM remains committed to expanding its high-margin platforms and increasing shareholder value through strategic investments and disciplined capital allocation.
With a strong financial foundation and a robust pipeline, AECOM is well-positioned to capitalize on emerging growth opportunities in its largest markets, supported by strategic initiatives and a focus on operational excellence.
