AECOM — Nov 18, 2024 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-24-120136
Showing in the filing
Free cash flow conversion
“100%+”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 20
Share repurchase authorization
“$1 billion”
Organic NSR growth for FY2025
“5% to 8%”
Adjusted EBITDA margin for FY2025
“16.3%”
Free cash flow conversion for FY2025
“100%+”
Average fully diluted share count for FY2025
“134 million”
Adjusted effective tax rate for FY2025
“approximately 24%”
Adjusted EBITDA margin expansion for the long term
“At least 20 to 30 basis points”
Adjusted net income to free cash flow conver… for the long term
“At least 100%”
Adjusted EPS and free cash flow per share gr… for the long term
“Double-digit”
Adjusted EPS growth for the long term
“Double-digit”
Adjusted EBITDA margin (exit rate) for FY2025
“at least 17%”
Adjusted EBITDA margin exiting fiscal year 2… for FY2025
“at least 17%”
ROIC for the long term
“at least 25%”
GAAP EPS for FY2025
“$4.96 to $5.16”
Adjusted EPS for FY2025
“$5.00 to $5.20”
GAAP net income from continuing operations for FY2025
“$724 to $743”
Adjusted income tax expense for FY2025
“$211 to $223”
Adjusted EBITDA for FY2025
“$1,170 to $1,210”
GAAP interest expense for FY2025
“$169”
GAAP income tax expense for FY2025
“$210 to $221”
Exhibit 99.1 · the passage around this item
… earlier in the release
- An
adjusted EBITDA margin 5 of 16.3%, representing a 30 basis point increase from
fiscal 2024.
- Adjusted 1
EPS of between $5.00 and $5.20, reflecting an increase of 13% at the mid-point compared
to fiscal 2024.
- 100%+
free cash flow 6 conversion.
· Other
assumptions incorporated into guidance:
- An
average fully diluted share count of 134 million, which reflects only shares repurchased
to-date, though the Company intends to continue repurchasing stock that would provide a benefit
to per share earnings.
- An
adjusted effective tax rate of approximately 24% for the full year.
§ The
Company expects to maintain an approximately 24% tax rate for the next several years.
· See
the Regulation G Information tables at the end of this release for a reconciliation of non-GAAP
measures to the most directly comparable GAAP measures.
Long-Term Financial Framework
for Value Creation
· The
Company’s long-term financial framework includes expectations to deliver annually:
- Organic
NSR 2 growth of 5% to 8%.
- At
least 20 to 30 basis points of adjusted EBITDA margin 5 expansion.
- At
least 100% conversion of adjusted net income to free cash flow 6 .
- Double-digit
adjusted EPS 1 and free cash flow 6 per share growth.
· The
Company also expects to achieve an at least 17% adjusted EBITDA margin 5 exiting
fiscal y
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.