AECOM (ACM) Tops Q2 EPS by 1c; raises guidance

AECOM (NYSE: ACM) reported Q2 EPS of $1.04, $0.01 better than the analyst estimate of $1.03. Revenue for the quarter came in at $3.94 billion versus the consensus estimate of $1.8 billion.

GUIDANCE:

AECOM sees FY2024 EPS of $4.35-$4.55 representing a 20% increase at the mid-point over fiscal 2023, versus the consensus of $4.50.

The Company raised its fiscal 2024 adjusted EBITDA4 guidance to between $1,070 million and $1,105 million, reflecting strong operational performance to date and confidence in the second half of the fiscal year, supported by a record backlog position.

For earnings history and earnings-related data on AECOM (ACM) click here.

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