AECOM — Nov 18, 2025 release

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 reconciliation of non-GAAP measures to the most directly comparable GAAP measures.   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