Amentum Holdings, Inc. ( (AMTM) ) has released its Q4 earnings. Here is a breakdown of the information Amentum Holdings, Inc. presented to its investors.
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Amentum Holdings, Inc. is a global leader in advanced engineering and innovative technology solutions, primarily serving the science, security, and sustainability sectors. The company is recognized for its ability to tackle complex challenges and is headquartered in Chantilly, Virginia.
Amentum recently released its fiscal year 2024 earnings report, showcasing a robust performance with significant growth in both revenue and strategic initiatives. The company also reaffirmed its guidance for fiscal year 2025, underscoring a positive trajectory following its merger with Jacobs’ Critical Mission Solutions and Cyber & Intelligence businesses.
In fiscal year 2024, Amentum reported GAAP revenues of $8.4 billion, marking a 7% increase, although it faced a GAAP net loss of $82 million. On a pro forma basis, revenues reached $13.9 billion, with a 4% growth, and pro forma net income stood at $32 million. Pro Forma Adjusted EBITDA saw a 7% rise to $1,052 million. A notable achievement was the significant increase in the company’s backlog, which rose to $45.0 billion, largely due to new contracts and the addition of backlog from CMS.
Amentum secured several major contracts in fiscal year 2024, including a $45 billion contract with the U.S. Department of Energy for environmental cleanup and a $592 million contract with the U.S. Naval Sea Systems Command for lifecycle and engineering solutions. The company also expanded its international footprint with significant awards in the U.K. and Australia.
Looking ahead, Amentum maintains a positive outlook for fiscal year 2025, with expected revenues between $13.8 billion and $14.2 billion and Adjusted EBITDA ranging from $1,060 million to $1,100 million. The company continues to focus on its strategic growth initiatives, leveraging its expanded capabilities and market reach to deliver value to its stakeholders.
