- Initiated strong fiscal 2024 financial guidance, including adjusted EPS of $4.35 to $4.55 or 20% year-over-year growth at the mid-point
- Exceeded mid-points of initial and increased fiscal 2023 financial guidance, driven by double-digit NSR growth in the design business in the fourth quarter
- Delivered a record segment adjusted operating margin for the full year
- Design contracted backlog increased 15% to an all-time high
- Increased share repurchase authorization to $1 billion and quarterly dividend by 22%
DALLAS — (BUSINESS WIRE) — November 13, 2023 — AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, today reported fourth quarter and full year fiscal 2023 results.
|
Fourth Quarter Fiscal 2023 |
|
Full Year Fiscal 2023 |
||||||||||||
(from Continuing Operations; $ in millions, except EPS) |
As Reported |
Adjusted1 (Non-GAAP) |
As Reported YoY % Change |
Adjusted YoY % Change |
|
As Reported |
Adjusted1 (Non-GAAP) |
As Reported YoY % Change |
Adjusted YoY % Change |
||||||
Revenue |
$3,842 |
|
-- |
|
12% |
|
-- |
|
$14,378 |
|
-- |
|
9% |
|
-- |
Net Service Revenue (NSR)2 |
-- |
|
$1,727 |
|
-- |
|
8% |
|
-- |
|
$6,703 |
|
-- |
|
8% |
Operating Income |
$80 |
|
$225 |
|
(56%) |
|
15% |
|
$324 |
|
$847 |
|
(50%) |
|
12% |
Segment Operating Margin3 (NSR) |
-- |
|
15.2% |
|
-- |
|
+60 bps |
|
-- |
|
14.7% |
|
-- |
|
+60 bps |
| Net Income |
$34 |
|
$141 |
|
(71%) |
|
21% |
|
$114 |
|
$520 |
|
(71%) |
|
7% |
| EPS (Fully Diluted) |
$0.24 |
|
$1.01 |
|
(71%) |
|
22% |
|
$0.81 |
|
$3.71 |
|
(70%) |
|
9% |
| EBITDA 4 |
-- |
|
$252 |
|
-- |
|
10% |
|
-- |
|
$964 |
|
-- |
|
9% |
| Operating Cash Flow |
$285 |
|
-- |
|
(10%) |
|
-- |
|
$696 |
|
-- |
|
(2%) |
|
-- |
| Free Cash Flow 5 |
-- |
|
$263 |
|
-- |
|
2% |
|
-- |
|
$591 |
|
-- |
|
1% |
| Design Backlog |
$21,435 |
|
-- |
|
12% 6 |
|
-- |
|
|
||||||
