AECOM reports third quarter fiscal year 2018 results
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AECOM Technology (ACM) Misses Q3 EPS by 1c, Revenues Beat; Offers FY18 EPS Outlook
August 7, 2018 6:58 AM EDTAECOM Technology (NYSE: ACM) reported Q3 EPS of $0.62, $0.01 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $5.15 billion versus the consensus estimate of $4.86 billion.
Organic4 revenue increased by 10% over the prior year, which marks the seventh consecutive quarter of positive organic growth, led by the higher-margin DCS and MS segments and growth in all three segments.Adjusted EBITDA of $223 million increased by 15% year-over-year after adjusting for the large AECOM Capital gain in the prior-year quarter; sequential adjusted EBITDA growth of 11% was ahead of prior guidance for... More