AECOM Technology (ACM) Tops Q1 EPS by 15c; Backlog Grew 16%

AECOM Technology (NYSE: ACM) reported Q1 EPS of $0.71, $0.15 better than the analyst estimate of $0.56. Revenue for the quarter came in at $4.19 billion versus the consensus estimate of $4.59 billion.

New Wins and Backlog

New wins in the quarter of $4.6 billion were driven by growth in the Americas, Asia-Pacific and the firm’s building construction business. After adjusting for acquisitions, total backlog increased 16 percent. The company’s book-to-burn ratio5 was 1.1 for the quarter, with total backlog at Dec. 31, 2014, of $41 billion.

AECOM Technology sees FY2015 EPS of $2.75-$3.35, versus the consensus of $3.25.

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

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
• CoStar Group acquires Zonda for $800M, adding new home data
• Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'