AECOM — Nov 18, 2025 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-25-113439
Showing in the filing
Organic NSR growth (continuing design and consulting business)
“6% to 8%”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 27
Long-term margin exit rate for the long term
“20%+”
Quarterly dividend for FY2026
“$0.31 per share”
Per share dividend value increase for FY2026
“double-digit percentage annually”
Next dividend payment for FY2026
“January 23, 2026”
Adjusted EPS (enterprise-wide) for FY2026
“between $5.65 and $5.85”
Adjusted EBITDA (enterprise-wide) for FY2026
“between $1,265 million and $1,305 million”
Free cash flow (enterprise-wide) for FY2026
“approximately $400 million”
Organic NSR growth (continuing design and co… for FY2026
“6% to 8%”
NSR (continuing design and consulting busine… for FY2026
“between $7.2 and $7.4 billion”
Adjusted EBITDA (continuing design and consu… for FY2026
“between $1,180 million and $1,220 million”
Segment adjusted operating margin (continuin… for FY2026
“16.6%”
Adjusted EBITDA margin (continuing design an… for FY2026
“16.8%”
Adjusted EPS (continuing design and consulti… for FY2026
“between $5.15 and $5.35”
Average fully diluted share count for FY2026
“133 million”
Depreciation for FY2026
“approximately $160 million”
Adjusted effective tax rate for FY2026
“approximately 22 - 23%”
Adjusted net interest expense for FY2026
“approximately $140 million”
Adjusted EPS CAGR for the long term
“15%+”
Organic NSR CAGR for FY2026
“5 – 8%”
Free cash flow conversion (cumulative, of ad… for FY2026
“at least 100%”
GAAP EPS for FY2026
“$4.01 to $4.84”
GAAP net income from continuing operations for FY2026
“$599 to $710”
Net income attributable to AECOM from contin… for FY2026
“$534 to $645”
Adjusted net income attributable to AECOM fr… for FY2026
“$753 to $780”
Adjusted income tax expense for FY2026
“$212 to $225”
GAAP interest expense for FY2026
“$175”
GAAP income tax expense for FY2026
“$151 to $186”
Exhibit 99.1 · the passage around this item
… earlier in the release
· 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 EBITDA margin 5
of 16.8%
§ Margins
include accelerating investment to enable the continued development and deployment of AI
and continue to expand the Company’s Advisory team.
‒ Adjusted 1
EPS of between $5.15 and $5.35.
· Other
assumptions incorporated into guidance:
‒ An
average fully diluted share count of 133 million, which does not include any potential future
benefits from capital allocation actions not yet taken, including potential repurchases.
‒ G&A of approximately $155 million.
‒ Depreciation of approximately $160 million.
‒ An
adjusted effective tax rate of approximately 22 - 23% for the full year.
‒ Adjusted
net interest expense of approximately $140 million.
· See
the Regulation G Information tables at the end of this release for a reconcil
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.