AECOM — May 5, 2025 release

  Financial Guidance   · AECOM increased its fiscal 2025 adjusted EBITDA and EPS guidance, and affirmed its expectation to deliver record net service revenue, profitability and margins, as well as continued strong cash flow conversion in fiscal 2025; the Company expects: - Organic NSR 2 growth of 5% to 8%. - Adjusted 1 EBITDA 4 of between $1,180 million and $1,210 million, up 9% at the mid-point. - Adjusted 1 EPS of between $5.10 and $5.20, up 14% at the mid-point. - 30 basis points of both segment adjusted 1 operating margin 3 and adjusted EBITDA margin 5 expansion to 16.1% and 16.3%, respectively. - 100%+ free cash flow 6 conversion. · Other assumptions incorporated into fiscal 2025 guidance: - An average fully diluted share count of 134 million, which reflects only shares repurchased to-date. - An adjusted effective tax rate of approximately 24% for the full year. · 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.   Business Segments   Americas   Revenue in the second quarter was $2.9 billion, a 5% decline from the prior year. Net service revenue 2 was $1.1 billion, a 6% increase from the prior year. This performance was led by growth in the design business, and included growth in both the U.S. and Canada.   Operating income increased by 15% to $217 million and on an adjusted 1 basis increased by 13% to $218 million. The adjusted operating margin on net service revenue increased by 130 basis points over the prior year to 19.4%, a new second quarter high, reflecting high-r