AECOM — Feb 3, 2025 release

“This includes accelerating NSR growth, record first quarter margins and double-digit adjusted EPS growth. As we look ahead, continued expected growth and the high return on our strategic investments underpin our confidence in delivering a 17% margin exit rate by the end of fiscal 2026 and even higher margins over time. Importantly, our balance sheet remains strong and we delivered a 28% increase in free cash flow, which supported continued returns of capital to our shareholders under our returns-based capital allocation policy.”   1       First Quarter Highlights   · Revenue increased by 3%; net service revenue 2 increased by 5.5%, highlighted by 9% growth in the Americas design business. · Operating income increased by 46%; the segment adjusted 1 operating margin 3 increased by 40 basis points to 15.4% and the adjusted 1 EBITDA margin 5 increased by 20 basis points to 15.6%, both of which set first quarter records. · Net income increased by 83%; adjusted 1 EBITDA 4 increased by 8% and adjusted 1 EPS increased by 25%. · Free cash flow increased by 28%, and the Company returned $55 million to shareholders through repurchases and dividends in the quarter. · Total backlog 7 increased by 4% to a record high, driven by a 1.2x book-to-burn 8 ratio in each of the Americas and International design businesses, contributing to a 1.1x book-to-burn ratio enterprise wide.