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AECOM — May 11, 2026 release

Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-26-058656
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Long-term free cash flow conversion target
“100%+”
Period
The long term
Measure
Company-defined measure
Source
Prose
All guidance in this release · 18
Free cash flow conversion target for the long term
“100%+”
Long-term free cash flow conversion target for the long term
“100%+”
Organic NSR growth for FY2026
“between 6% and 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
“130 million”
Adjusted effective tax rate for FY2026
“approximately 20 – 22%”
Margin exit rate for FY2028
“20%+”
Adjusted EPS CAGR for the long term
“15%+”
GAAP EPS for FY2026
“$4.25 to $4.86”
Adjusted EPS for FY2026
“$5.90 to $6.10”
GAAP net income from continuing operations for FY2026
“$617 to $696”
Adjusted interest expense, net for FY2026
“$145”
Adjusted income tax expense for FY2026
“$203 to $207”
Adjusted EBITDA for FY2026
“$1,275 to $1,305”
GAAP interest expense for FY2026
“$195”
GAAP income tax expense for FY2026
“$146 to $165”
Exhibit 99.1 · the passage around this item
… earlier in the release
“Our competitive advantages have enabled us to consistently win increasingly valuable projects, and in turn, deliver continued earnings growth year after year.”   Cash Flow and Capital Allocation   · Underlying cash flow in the second quarter was consistent with expectations, but was offset by delayed payment timing in the Middle East business, as well as longer-than-anticipated claim resolution on certain projects. · Importantly, collections in the Middle East have already recovered in the fiscal third quarter and AECOM reiterated its full year free cash flow guidance, as well as its long-term 100%+ free cash flow conversion target. · The Company returned $155 million to shareholders through repurchases and dividends in the quarter. - Since the initiation of its repurchase program in September 2020, the Company has returned more than $3.5 billion of capital to shareholders. - The Company remains committed to executing its returns-focused capital allocation policy, which includes returning substantially all available cash flow to shareholders through repurchases and dividends. · The Company maintains a strong balance sheet with net leverage 9 of 1.2x.   Fiscal 2026 and Long-Term Financial Guidance   · The Company increased its fiscal 2026 earnings guidance, supported by its strong year-to-date performance, another quarter of record backlog and double-digit pipeline growth. · As a result, the Company’s guidance now includes expectations for: ‒ Adjusted 2 EPS of between $5.90 and $6.10, as compared to $5.85 to 6.05 previously, which now represents 14% year-over-year growth at the mid-point of the range. ‒ Adjusted 2 EBITDA 5 of between $1,275 million and $1,305 million, as compared to $1,27
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.