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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
Open on SEC.gov ↗
Showing in the filing
GAAP income tax expense
“$146 to $165”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
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
  9     AECOM Regulation G Information (in millions, except per share data)         Three Months Ended     Six Months Ended       Mar 31, 2026     Dec 31, 2025     Mar 31, 2025     Mar 31, 2026     Mar 31, 2025   Reconciliation of Net Income Attributable to AECOM from Continuing Operations to Adjusted Net Income Attributable to AECOM from Continuing Operations                                         Net income attributable to AECOM from continuing operations   $ 184.2     $ 140.4     $ 154.1     $ 324.6     $ 331.4   Noncore AECOM Capital loss, net of NCI     1.5       1.2       4.7       2.7       5.7   Fair value adjustment     (8.3 )     (5.5 )     10.6       (13.8 )     5.0   Restructuring and acquisition costs     13.6       27.9       -       41.5       -   Amortization of intangible assets     17.1       12.9       0.4       30.0       1.5   Financing charges in interest expense     3.5       1.4       1.2       4.9       2.6   Tax effect of the above adjustments (1) and valuation allowance     (6.2 )     (7.8 )     (4.3 )     (14.0 )     (4.3 ) Adjusted net income attributable to AECOM from continuing operations   $ 205.4     $ 170.5     $ 166.7     $ 375.9     $ 341.9       (1) Adjusts the income taxes during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above   Reconciliation of Net Income Attributable to AECOM from Continuing Operations per Diluted Share to Adjusted Net Income Attributable to AECOM from Continuing Operations per Diluted Share                                         Net income attributable to AECOM from continuing operations per diluted share   $ 1.42     $ 1.06     $ 1.16     $ 2.48     $ 2.48   Per diluted share adjustments:                                         Noncore AECOM Capital loss, net of NCI     0.01       0.01       0.04       0.02       0.04   Fair value adjustment     (0.06 )     (0.04 )     0.08       (0.10 )     0.04   Restructuring and acquisition costs     0.11       0.21       -       0.32       -   Amortization of intangible assets     0.13       0.10       -       0.23       0.01   Financing charges in interest expense     0.03       0.01       0.01       0.04       0.02   Tax effect of the above adjustments (1) and valuation allowance     (0.05 )     (0.06 )     (0.04 )     (0.11 )     (0.03 ) Adjusted net income attributable to AECOM from continuing operations per diluted share   $ 1.59     $ 1.29     $ 1.25     $ 2.88     $ 2.56   Weighted average shares outstanding – basic     128.7       130.9       132.4       129.8       132.5   Weighted average shares outstanding – diluted     129.2       132.0       133.1       130.6       133.4       (1) Adjusts the income taxes during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above.    Reconciliation of Net Income Attributable to AECOM from Continuing Operations to Adjusted EBITDA                                         Net income attributable to AECOM from continuing operations   $ 184.2     $ 140.4     $ 154.1     $ 324.6     $ 331.4   Income tax expense     26.9       39.0       51.2       65.9       80.5   Depreciation and amortization     59.5       52.0       41.6       111.5       83.9   Interest income, net of NCI     (12.8 )     (12.5 )     (13.4 )     (25.3 )     (28.6 ) Interest expense     50.5       45.3       42.2       95.8       85.2   Amortized bank fees included in interest expense     (3.5 )     (1.4 )     (1.3 )     (4.9 )     (2.7 ) Noncore AECOM Capital loss, net of NCI     1.5       1.2       4.7       2.7       5.7   Fair value adjustment included in other income     (7.8 )     (5.1 )     10.6       (12.9 )     5.7   Restructuring and acquisition costs     13.6       27.9       -       41.5       -   Adjusted EBITDA   $ 312.1     $ 286.8     $ 289.7     $ 598.9     $ 561.1     10     AECOM   Regulation G Information   (in millions, except per share data)       Three Months Ended     Six Months Ended       Mar 31, 2026     Dec 31, 2025     Mar 31, 2025     Mar 31, 2026     Mar 31, 2025   Reconciliation of Segment Income from Operations to Adjusted Segment Income from Operations                                         Americas Segment:                                         Segment Income from operations   $ 227.9     $ 214.1     $ 217.4     $ 442.0     $ 413.2   Amortization of intangible assets     10.6       8.1       0.3       18.7       1.4   Adjusted segment income from operations   $ 238.5     $ 222.2     $ 217.7     $ 460.7     $ 414.6                                             International Segment:                                         Segment Income from operations   $ 77.0     $ 76.0     $ 82.2     $ 153.0     $ 163.0   Amortization of intangible assets     6.6       4.8       -       11.4       -   Adjusted segment income from operations   $ 83.6     $ 80.8     $ 82.2     $ 164.4     $ 163.0                                             Segment Performance (excludes ACAP & G&A):                                         Segment Income from operations   $ 304.9     $ 290.1     $ 299.6     $ 595.0     $ 576.2   Amortization of intangible assets     17.2       12.9       0.3       30.1       1.4   Adjusted segment income from operations   $ 322.1     $ 303.0     $ 299.9     $ 625.1     $ 577.6     11     AECOM Regulation G Information   FY2026 GAAP EPS Guidance based on Adjusted EPS Guidance (all figures approximate)   Fiscal Year End 2026   GAAP EPS guidance     $4.25 to $4.86   Adjusted EPS excludes:         Amortization of intangible assets     $0.58 to $0.44   Amortization of deferred financing fees     $0.06   Noncore AECOM Capital     $0.02   Fair value adjustment     ($0.11)   Restructuring and acquisition costs     $1.54 to $1.15   Tax effect of the above items     ($0.44) to ($0.32)   Adjusted EPS guidance      $5.90 to $6.10     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     $617 to $696   Net income attributable to noncontrolling interest from continuing operations     ($65)   Net income attributable to AECOM from continuing operations     $552 to $631   Adjusted net income attributable to AECOM from continuing operations excludes:         Amortization of intangible assets     $75 to $57   Amortization of deferred financing fees     $8   Noncore AECOM Capital     $3   Fair value adjustment     ($14)   Restructuring and acquisition costs     $200 to $150   Tax effect of the above items     ($57) to ($42)   Adjusted net income attributable to AECOM from continuing operations     $767 to $793   Adjusted EBITDA excludes:         Depreciation     $160   Adjusted interest expense, net     $145   Tax expense, including tax effect of above items     $203 to $207   Adjusted EBITDA guidance      $1,275 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     $195   Finance charges in interest expense     $8   Interest income, net of NCI     ($42)   Adjusted interest expense guidance, net     $145     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     $146 to $165   Tax effect of adjusting items     $57 to $42   Adjusted income tax expense guidance     $203 to $207     Note: Variances in tables are due to rounding.   12
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.