AECOM — Feb 9, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-26-012069
Showing in the filing
Adjusted EBITDA
“$1,270 to $1,305”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 18
Share repurchase authorization
“$1 billion”
Organic NSR growth for FY2026
“6% to 8%”
Segment adjusted operating margin for FY2026
“16.8%”
Adjusted EBITDA margin for FY2026
“17.0%”
Free cash flow for FY2026
“approximately $400 million”
Average fully diluted share count for FY2026
“131 million”
Adjusted effective tax rate for FY2026
“approximately 20 – 22%”
Margin exit rate for FY2028
“20%+”
Adjusted EPS CAGR for the long term
“15%+”
Cash receipt from legacy matter settlement for FY2026
“approximately $50 million”
GAAP EPS for FY2026
“$4.18 to $4.89”
Adjusted EPS for FY2026
“$5.85 to $6.05”
GAAP net income from continuing operations for FY2026
“$613 to $705”
Adjusted interest expense, net for FY2026
“$140”
Adjusted income tax expense for FY2026
“$198 to $207”
Adjusted EBITDA for FY2026
“$1,270 to $1,305”
GAAP interest expense for FY2026
“$180”
GAAP income tax expense for FY2026
“$141 to $167”
Exhibit 99.1 · the passage around this item
… earlier in the release
Reconciliation of Net Income Attributable to AECOM from Continuing Operations
to Adjusted EBITDA
Net income attributable to AECOM from continuing operations
$ 140.4
$ 132.1
$ 177.3
Income tax expense
39.0
58.3
29.3
Depreciation and amortization
52.0
47.5
42.3
Interest income, net of NCI
(12.5 )
(16.4 )
(15.2 )
Interest expense
45.3
58.9
43.0
Amortized bank fees included in interest expense
(1.4 )
(3.5 )
(1.4 )
Noncore AECOM Capital loss, net of NCI
1.2
2.0
1.0
Fair value adjustment included in other income
(5.1 )
(9.6 )
(4.9 )
Restructuring and acquisition costs
27.9
59.4
—
Adjusted EBITDA
$ 286.8
$ 328.7
$ 271.4
Reconciliation of Segment Income from Operations to Adjusted Segment
Income from Operations
Americas Segment:
Segment Income from operations
$ 214.1
$ 243.7
$ 195.8
Amortization of intangible assets
8.1
0.4
1.1
Adjusted segment income from operations
$ 222.2
$ 244.1
$ 196.9
International Segment:
Segment Income from operations
$ 76.0
$ 92.7
$ 80.8
Amortization of intangible assets
4.8
—
—
Adjusted segment income from operations
$ 80.8
$ 92.7
$ 80.8
Segment Performance (excludes ACAP and G&A):
Segment Income from operations
$ 290.1
$ 336.4
$ 276.6
Amortization of intangible assets
12.9
0.4
1.1
Adjusted segment income from operations
$ 303.0
$ 336.8
$ 277.7
10
AECOM
Regulation G Information
FY2026 GAAP EPS Guidance based on Adjusted EPS Guidance
(all figures approximate)
Fiscal Year End 2026
GAAP EPS guidance
$4.18 to $4.89
Adjusted EPS excludes:
Amortization of intangible assets
$0.57 to $0.31
Amortization of deferred financing fees
$0.04
Noncore AECOM Capital
$0.01
Fair value adjustment
($0.04)
Restructuring and acquisition costs
$1.53 to $1.15
Tax effect of the above items
($0.44) to ($0.31)
Adjusted EPS guidance
$5.85 to $6.05
FY2026 GAAP Net Income from Continuing Operations Guidance based on Adjusted EBITDA Guidance (in millions, all figures approximate)
Fiscal Year End 2026
GAAP net income from continuing operations guidance
$613 to $705
Net income attributable to noncontrolling interest from continuing operations
($65)
Net income attributable to AECOM from continuing operations
$548 to $640
Adjusted net income attributable to AECOM from continuing operations excludes:
Amortization of intangible assets
$75 to $42
Amortization of deferred financing fees
$5
Noncore AECOM Capital
$1
Fair value adjustment
($5)
Restructuring and acquisition costs
$200 to $150
Tax effect of the above items
($57) to ($40)
Adjusted net income attributable to AECOM from continuing operations
$767 to $793
Adjusted EBITDA excludes:
Depreciation
$165
Adjusted interest expense, net
$140
Tax expense, including tax effect of above items
$198 to $207
Adjusted EBITDA guidance
$1,270 to $1,305
FY2026 GAAP Interest Expense Guidance based on Adjusted Interest Expense Guidance (in millions, all figures approximate)
Fiscal Year End 2026
GAAP interest expense guidance
$180
Finance charges in interest expense
($5)
Interest income, net of NCI
($35)
Adjusted interest expense guidance, net
$140
FY2026 GAAP Income Tax Guidance based on Adjusted Income Tax Guidance (in millions, all figures approximate)
Fiscal Year End 2026
GAAP income tax expense guidance
$141 to $167
Tax effect of adjusting items
$57 to $40
Adjusted income tax expense guidance
$198 to $207
Note: Variances in tables are due to rounding.
11
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.