AECOM reports third-quarter fiscal year 2015 results

Financial Highlights

  • Wins of $4.8 billion driven by a book-to-burn ratio1 of 1.5 in Americas design business.
  • Free cash flow3 of $150 million; YTD free cash flow of $427 million.
  • Company affirms 2015 to 2017 annual $600 million to $800 million free cash flow target.
  • Q3 debt reduction of $95 million; $550 million in FY15 since the close of the transaction.
  • Adjusted EPS2 of $0.74; solid performance offset by $0.09 lower-than-expected benefit from non-cash normal profit.
  • On track to achieve full-year synergy savings run-rate of $180 million.
  • Company adjusts fiscal year 2015 adjusted EPS2 guidance to $3.05 to $3.45 to reflect lower non-cash normal profit.

LOS ANGELES — (BUSINESS WIRE) — August 11, 2015 — AECOM (NYSE: ACM), the world’s #1-ranked engineering design firm, reported third-quarter revenue of $4.5 billion today. The net loss4 and loss per share5 were $17 million and $0.11, respectively. On an adjusted basis, diluted earnings per share2 were $0.74 for the quarter. As discussed below, normal profit contributed $0.02 to adjusted EPS, which is $0.09 lower than the company anticipated.

               
          Third Quarter
($ in millions,

except EPS)

        Q3 FY14       Q3 FY15      

YOY %
Change

Revenue         $1,968       $4,550       131%
Operating Income         $92       $41       (55%)
Net Income (Loss) 4         $69       ($17)       NM
Adjusted EPS 2         $0.79       $0.74       (6%)
Free Cash Flow 3         $63       $150       137%

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