KeyBanc Upgrades AECOM Technology (ACM) to Overweight
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AECOM reports first-quarter fiscal-year 2016 results
February 9, 2016 7:30 AM ESTFinancial Highlights
Adjusted EPS1 of $0.68. Free cash flow2 of $77 million in the first quarter. On track with full-year free cash flow target of $600 million to $800 million for fiscal years 2016 and 2017. Q1 debt reduction of $84 million; $804 million since the close of the URS transaction. Wins of $4.4 billion; book-to-burn3 of 1.0x. Company reiterates fiscal year 2016 adjusted EPS1 guidance of $3.00 to $3.40.