AECOM — Nov 18, 2025 release

  Raised Long-Term Financial Targets   As separately announced as part of its 2025 Investor Day, AECOM increased its long-term financial targets, highlighted by its expectation to deliver a 20%+ margin exit rate by fiscal 2028 and to grow adjusted EPS at a 15%+ CAGR from fiscal 2026 to fiscal 2029. In addition, the Company expects to deliver from fiscal 2026 to 2029 a 5 – 8% organic NSR CAGR, to convert at least 100% of adjusted net income to free cash flow cumulatively and continue to increase the per share value of its dividend by a double-digit percentage annually over the same period.   Business Segments   Americas   Revenue in the fourth quarter was $3.2 billion, a 2% increase from the prior year. Full year revenue of $12.5 billion was effectively unchanged over the prior year.   Net service revenue 2 in the fourth quarter was $1.2 billion, a 13% increase from the prior year. Full year net service revenue 2 was $4.6 billion, a 9% increase from the prior year.   Fourth quarter operating income increased by 20% over the prior year to $244 million and increased by 16% for the full year to $898 million. On an adjusted 1 basis, fourth quarter operating income increased by 17% to $244 million and increased by 14% to $900 million for the full year. The fourth quarter adjusted operating margin on net service revenue increased by 70 basis points to 20.4%. The full year adjusted operating margin on net service r