AECOM Q4 Earnings Beat Estimates, Up Y/Y, Raises Dividend by 18%

Zacks2024-11-19

AECOM ACM reported impressive results for fourth-quarter fiscal 2024, where earnings surpassed the Zacks Consensus Estimate and grew on a year-over-year basis. Revenues also increased from the prior ...

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Revenues also increased from the prior ...</p>\n\n<a href=\"https://finance.yahoo.com/news/aecom-q4-earnings-beat-estimates-141900487.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AECOM Q4 Earnings Beat Estimates, Up Y/Y, Raises Dividend by 18%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAECOM Q4 Earnings Beat Estimates, Up Y/Y, Raises Dividend by 18%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/aecom-q4-earnings-beat-estimates-141900487.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AECOM ACM reported impressive results for fourth-quarter fiscal 2024, where earnings surpassed the Zacks Consensus Estimate and grew on a year-over-year basis. Revenues also increased from the prior ...</p>\n\n<a href=\"https://finance.yahoo.com/news/aecom-q4-earnings-beat-estimates-141900487.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PWR","symbol_name":"广达公司","start_time":0,"source_url":"https://finance.yahoo.com/news/aecom-q4-earnings-beat-estimates-141900487.html","article_id":"2484201921","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/bzk2BXVKQe_drMMf.6gU8Q--~B/aD0zNDc7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/3362ed22cc614a3399ba4e9741c90266"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484201921","pubTimestamp":1732025940,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"AECOM ACM reported impressive results for fourth-quarter fiscal 2024, where earnings surpassed the Zacks Consensus Estimate and grew on a year-over-year basis. Revenues also increased from the prior year, backed by solid organic net service revenues  growth in its design business.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Shares of this global infrastructure leader lost 1.2% in the after-hours trading session on Monday despite being exceeding its previously-increased guidance for all major metrics.Apart from this, ACM announced an 18% increase in its quarterly dividend payout to 26 cents, payable on Jan. 17, 2025, to stockholders of record on Jan. 2. Also, it increased its share repurchase authorization to $1 billion. Impressively, AECOM has grown per share dividend at a 20% CAGR since inception.Adjusted segment operating profit amounted to $261 million, up 16% from the year-ago quarter. The segment’s adjusted operating margin  improved 150 bps to 16.7%. T","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PWR":"广达公司","FLR":"福陆","ACM":"Aecom Technology Corporation"},"translate_title":"AECOM第四季度盈利超出预期，同比增长，股息提高18%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ACM":1,"FLR":0.9,"PWR":0.9},"content_text":"AECOM ACM reported impressive results for fourth-quarter fiscal 2024, where earnings surpassed the Zacks Consensus Estimate and grew on a year-over-year basis. Revenues also increased from the prior year, backed by solid organic net service revenues (NSR) growth in its design business.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Shares of this global infrastructure leader lost 1.2% in the after-hours trading session on Monday despite being exceeding its previously-increased guidance for all major metrics.Apart from this, ACM announced an 18% increase in its quarterly dividend payout to 26 cents, payable on Jan. 17, 2025, to stockholders of record on Jan. 2. Also, it increased its share repurchase authorization to $1 billion. Impressively, AECOM has grown per share dividend at a 20% CAGR since inception.\nDelving Deeper\nThe company reported adjusted earnings per share (EPS) of $1.27, which topped the consensus mark of $1.22 by 4.1% and increased 25.7% from $1.01 reported in the prior-year quarter. The strong improvement was backed by benefits received from high-returning organic growth initiatives.\n\nAECOM Price, Consensus and EPS Surprise\n\nAECOM price-consensus-eps-surprise-chart | AECOM Quote\n\nRevenues of $4.11 billion rose 7% on a year-over-year basis. Adjusted NSR moved up 5% to $1.81 billion.\nSegment Details\nAmericas’ revenues came in at $3.16 billion during the reported quarter, up 8% from the prior-year quarter’s levels. NSR of $1.06 billion moved up 6% year over year, backed by 8% growth in the design business, partially offset by impacts from Hurricane Helene in September.Adjusted operating income of $207.7 million was up 9% year over year. Adjusted operating margin (on an NSR basis) expanded 70 basis points (bps) year over year to 19.6%, indicating the underlying strength of the business, positive impacts of growth and ongoing reinvestment in long-term organic growth initiatives, as well as strong execution and growth.The total backlog at the fiscal 2024-end was $17.4 billion compared with $16.9 billion a year ago.International revenues were up 5% year over year to $948.4 million. During the quarter, NSR increased 4% year over year to $754.1 million.Adjusted operating income in the segment rose 31% year over year to $94.9 million. Adjusted operating margin (on an NSR basis) also moved up 260 bps year over year to 12.6%. This was backed by continued strong execution and the benefits of actions to narrow its focus on high-returning opportunities across its largest geographies.The total backlog at the end of fiscal 2024 was $6.43 billion compared with  $6.27 billion a year ago.AECOM Capital's quarterly revenues were $0.5 million.\nOperating Highlights\nAdjusted segment operating profit amounted to $261 million, up 16% from the year-ago quarter. The segment’s adjusted operating margin (NSR) improved 150 bps to 16.7%. The upside was driven by high-returning organic growth.Adjusted EBITDA rose 15% year over year to $290 million. Adjusted EBITDA margin of 16.7% also rose 140 bps year over year, backed by its ongoing investments in high-margin organic growth and its continuous improvement initiatives.\nBacklogs\nAs of the fiscal 2024-end, the total backlog came in at $23.86 billion compared with $23.16 billion reported in the prior-year period. The current backlog level includes 50.8% contracted backlog growth.A 5% increase in the design business backlog was driven by a 50%-win rate, an all-time high, and continued strong end-market trends.ACM’s pipeline of opportunities increased 10%, which was a new high, driven by robust funding across all its largest markets.\nACM’s Fiscal 2024 Highlights\nFor the full year, the company reported revenues of $16.1 billion, which increased 12% from the previous year. NSR reached an all-time high in fiscal 2024 and included strength across the largest end markets and geographies. ACM delivered 8% growth in the design business in fiscal 2024, driven by 9% growth in the Americas.Adjusted EPS also increased 22% to $4.52 from fiscal 2023. Adjusted EBITDA margins of 16% also rose 100 bps year over year. The segment adjusted operating margin was 15.8%, which exceeded the guidance of 15.6% and grew 100 bps year over year.\nLiquidity & Cash Flow\nAt the fiscal 2024-end, AECOM’s cash and cash equivalents totaled $1.58 billion compared with $1.26 billion at the fiscal 2023-end. The total debt (excluding unamortized debt issuance costs) as of Sept. 30, 2024, was $2.54 billion, up from $2.22 billion in the fiscal 2023-end.In fiscal 2024, adjusted operating cash flow increased 19% year over year to $827 million. Adjusted free cash flow also increased 20% to $708 million year over year.\nFiscal 2025 Guidance\nThe company anticipates to generate 5-8% organic NSR growth in fiscal 2025. It expects adjusted EPS in the range of $5.00-$5.20. This indicates a 13% improvement from fiscal 2024 levels on a constant-currency basis, considering the mid-point of the guidance.AECOM expects adjusted EBITDA in the range of $1.17-$1.21 billion, indicating 9% year-over-year growth at the midpoint. Adjusted EBITDA margin is expected to be 16.3%, representing a 30 bps increase from fiscal 2024.The company anticipates more than 100% adjusted net income to free cash flow conversion, an average fully diluted share count of 134 million and an effective tax rate of 24%.\nLong-Term Views\nACM expects to deliver 5-8% organic NSR growth, at least 20-30 bps adjusted EBITDA margin expansion, double-digit adjusted EPS and free cash flow per share improvement annually. It also expects to achieve at least 17% adjusted EBITDA margin (exiting fiscal 2026) and at least 25% return on invested capital over the long term. ACM anticipates approximately 100% conversion of adjusted net income to free cash flow.\nZacks Rank & Peer Releases\nAECOM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Fluor Corporation FLR reported third-quarter 2024 adjusted EPS of 51 cents, which missed the Zacks Consensus Estimate of 78 cents by 34.6%. The reported figure decreased 50% from an EPS of $1.02 a year ago.Fluor’s quarterly revenues of $4.09 billion missed the consensus mark of $4.79 billion by 14.6%. The figure grew 3.3% from the year-ago quarter’s level of $3.96 billion.KBR, Inc. KBR reported mixed third-quarter fiscal 2024 results, with adjusted earnings surpassing the Zacks Consensus Estimate and revenues missing the same. The top and bottom lines increased on a year-over-year basis.KBR’s quarterly results were backed by the benefits realized from the LinQuest acquisition and solid contributions from both the reportable businesses, given the increased demand trends for its services. Although high costs and expenses were headwinds, leverage from the increased top line aided the uptick.Quanta Services Inc. PWR reported mixed results for the third quarter of 2024, wherein adjusted earnings beat the Zacks Consensus Estimate, but revenues missed the same.Quanta reported a strong quarter with double-digit growth across key financial metrics, a record backlog of $34 billion and $539.5 million in free cash flow. CEO Duke Austin attributed this growth to Quanta’s diverse portfolio, high demand, effective execution and an expanding market.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nQuanta Services, Inc. (PWR) : Free Stock Analysis Report\nFluor Corporation (FLR) : Free Stock Analysis Report\nAECOM (ACM) : Free Stock Analysis Report\nKBR, Inc. (KBR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484201921"}