AECOM — Nov 18, 2025 release

  · The Company initiated guidance for the enterprise-wide business for fiscal 2026 with expectations for continued strong performance, including: ‒ Adjusted 1 EPS of between $5.65 and $5.85, reflecting a 9% increase at the mid-point over the prior year.   2     ‒ Adjusted 1 EBITDA 4 of between $1,265 million and $1,305 million, reflecting an increase of 7% at the mid-point over the prior year. ‒ Free cash flow 6 of approximately $400 million, which includes expectations for strong underlying cash flow. § Cash flow guidance also includes expected investments to execute on the Company’s announced restructuring to deliver key AI initiatives and efficiencies outlined at today’s 2025 Investor Day. § These investments are key drivers of the Company’s increased long-term margin and earnings targets, which would substantially lead the industry. · Beginning with the first quarter of fiscal 2026, the Company expects to report results for its continuing design and consulting business, which excludes the Construction Management business that is expected to be classified as held for sale and reported in discontinued operations. On this basis, the Company initiated the following fiscal 2026 guidance for: ‒ Organic NSR 2 growth of 6% to 8%, which excludes the expected impact of fewer working days in fiscal 2026 than in fiscal 2025. § NSR is expected to be between $7.2 and $7.4 billion, or approximately 5% growth at the mid-point. ‒ Adjusted 1 EBITDA 4 of between $1,180 million and $1,220 million. ‒ A segment adjusted operating margin 3 of 16.6% and an adjusted EB