AECOM's stock surged 6.09% in the after-hours session following the release of its first-quarter fiscal 2026 financial results, which exceeded analyst expectations and prompted the company to raise its full-year earnings outlook.
The infrastructure consulting firm reported Q1 revenue of $3.83 billion, beating the consensus estimate of $3.61 billion. Additionally, AECOM raised its fiscal 2026 adjusted EPS guidance to a range of $5.85 to $6.05, up from its previous forecast of $5.65 to $5.85. The company's international segment backlog hit a record $854 million, representing a 25% increase, supported by a strong 1.5 book-to-burn ratio indicating robust future demand.
Further bolstering investor sentiment, AECOM announced that its board approved an increase in the share repurchase authorization to $1 billion. The company also decided to continue owning and operating its Construction Management business following a strategic review.
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