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Aecom Technology Corp (ACM)
NYSE:ACM
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Earnings Data
Report Date
Feb 10, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$1.11Last Year’s EPS
$1.05Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 18, 2024
|% Change Since: -1.04%
|Next Earnings Date:Feb 10, 2025
Earnings Call Sentiment|Positive
The earnings call was largely positive, highlighting record financial performance, robust backlog and pipeline, and strategic investments in high-margin services. Challenges such as weather disruptions and a decision to walk away from a project were noted but did not overshadow the positive momentum and strong outlook for 2025.Company Guidance
During the AECOM Fourth Quarter 2024 Conference Call, the company provided several key financial and operational metrics as part of its guidance. AECOM reported strong financial performance, highlighting records for net service revenue, margins, earnings, and cash flow, and exceeding the midpoints of its previously increased adjusted EPS and adjusted EBITDA guidance with respective growth rates of 22% and 14%. The company also achieved a 1.2x book-to-burn ratio in the design business in Q4, with a record backlog and an increased pipeline by 10%. AECOM's win rate stood at 50%, even higher on larger pursuits, with a 90%-plus recompete success rate in major markets. Looking ahead, AECOM projects 5% to 8% NSR growth for 2025, with adjusted EBITDA and EPS expected at $1.19 billion and $5.10, respectively, at their midpoints. The company aims for a 16.3% adjusted EBITDA margin, up by 30 basis points, supported by its 1.2 book-to-burn ratio and record backlog and pipeline. Additionally, AECOM plans to grow its Water and Environment Advisory business significantly, with expectations to double it within three years, contributing to higher future margins.Record Financial Performance
AECOM reported record net service revenue, margins, earnings, and cash flow for fiscal year 2024. Adjusted EPS and adjusted EBITDA guidance were exceeded with 22% and 14% growth, respectively.
Strong Backlog and Book-to-Burn Ratio
AECOM achieved a 1.2x book-to-burn ratio in the design business, ending the year with a record backlog. The enterprise-wide book-to-burn ratio has been at 1 or greater for 16 consecutive quarters.
Expansion of Program Management and Advisory Services
Program management achieved 20% growth, and the new Water and Environment Advisory business is set to double within 3 years, aiming to become a $1 billion platform.
High Margins and Cash Flow
AECOM achieved a 16.7% adjusted EBITDA margin in Q4 2024, and free cash flow exceeded $700 million for the first time, representing 10% of net service revenue.
Positive Industry Trends and Opportunities
AECOM is benefiting from strong industry trends, including infrastructure investment, urbanization, and energy demand. The company's pipeline increased by 10%, with a high win rate of 50% and over 90% for recompetes.
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ACM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 18, 2024 | $109.13 | $108.83 | -0.27% |
| Aug 05, 2024 | $86.45 | $90.82 | +5.05% |
| May 06, 2024 | $95.84 | $92.70 | -3.28% |
| Feb 05, 2024 | $88.12 | $87.96 | -0.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aecom Technology Corp (ACM) report earnings?
Aecom Technology Corp (ACM) is schdueled to report earning on Feb 10, 2025, TBA Not Confirmed.
What is Aecom Technology Corp (ACM) earnings time?
Aecom Technology Corp (ACM) earnings time is at Feb 10, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACM EPS forecast?
ACM EPS forecast for the fiscal quarter 2025 (Q1) is $1.11.
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