AECOM — May 5, 2025 release

“We also further expanded our industry-leading margins, reflecting the benefits from our high-returning organic growth investments, growth in our highest-margin markets, and ongoing continuous improvement initiatives. As a result, we are well advanced on our 17%+ margin target and our confidence is increasing in further margin expansion beyond this target over time. Free cash flow also increased by 141% in the quarter and is up 80% fiscal year-to-date, which is a testament to the high earnings quality of the business and our strong culture of cash generation we consistently deliver.”   1     Second Quarter Highlights   · Revenue declined by 4%; net service revenue 2 increased by 4%, highlighted by 6% growth in the Company’s largest and most profitable region, the Americas. - Fewer workdays in the quarter resulted in an approximately 100 basis point headwind to year over-year-growth . · Operating income increased by 28%; both the segment adjusted 1 operating margin 3 and the adjusted 1 EBITDA margin 5 increased by 90 basis points to 16.1% and 16.3%, respectively, both of which set second quarter records. · Net income increased by 38%; adjusted 1 EBITDA 4 increased by 8% and adjusted 1 EPS increased by 20%. · Free cash flow 6 increased by 141%, and the Company returned $165 million to shareholders through repurchases and dividends in the first half of the year. · Total backlog