Financial Highlights
- Wins of $4.8 billion driven by a book-to-burn ratio1 of 1.5 in Americas design business.
- Free cash flow3 of $150 million; YTD free cash flow of $427 million.
- Company affirms 2015 to 2017 annual $600 million to $800 million free cash flow target.
- Q3 debt reduction of $95 million; $550 million in FY15 since the close of the transaction.
- Adjusted EPS2 of $0.74; solid performance offset by $0.09 lower-than-expected benefit from non-cash normal profit.
- On track to achieve full-year synergy savings run-rate of $180 million.
- Company adjusts fiscal year 2015 adjusted EPS2 guidance to $3.05 to $3.45 to reflect lower non-cash normal profit.
LOS ANGELES — (BUSINESS WIRE) — August 11, 2015 — AECOM (NYSE: ACM), the world’s #1-ranked engineering design firm, reported third-quarter revenue of $4.5 billion today. The net loss4 and loss per share5 were $17 million and $0.11, respectively. On an adjusted basis, diluted earnings per share2 were $0.74 for the quarter. As discussed below, normal profit contributed $0.02 to adjusted EPS, which is $0.09 lower than the company anticipated.
| Third Quarter | ||||||||||||||||
|
($ in millions,
except EPS) |
Q3 FY14 | Q3 FY15 |
YOY %
|
|||||||||||||
| Revenue | $1,968 | $4,550 | 131% | |||||||||||||
| Operating Income | $92 | $41 | (55%) | |||||||||||||
| Net Income (Loss) 4 | $69 | ($17) | NM | |||||||||||||
| Adjusted EPS 2 | $0.79 | $0.74 | (6%) | |||||||||||||
| Free Cash Flow 3 | $63 | $150 | 137% | |||||||||||||
