HighGravityDataAECOM — Aug 10, 2026 release
Fiscal 2026 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-26-093421
Showing in the filing
Free cash flow conversion (long-term target)
“100%+”
Period
The long term
Measure
Company-defined measure
Source
Prose
All guidance in this release · 20
Free cash flow for FY2026
“approximately $300 million”
Free cash flow conversion (long-term target) for the long term
“100%+”
Total NSR for FY2026
“between $7.30 and $7.35 billion”
Average fully diluted share count for FY2026
“130 million”
Adjusted effective tax rate for FY2026
“approximately 19%”
Total NSR (excluding Construction Management… for FY2026
“between $7.65 and $7.70 billion”
Segment adjusted operating margin (excluding… for FY2026
“17.0%”
Adjusted EBITDA margin (excluding Constructi… for FY2026
“17.4%”
Adjusted EPS (excluding Construction Managem… for FY2026
“between $5.90 and $6.10”
Adjusted EBITDA (excluding Construction Mana… for FY2026
“between $1,275 million and $1,305 million”
Margin exit rate (long-term target) for the long term
“20%+”
Adjusted EPS CAGR (excluding Construction Ma… for the long term
“15%+”
GAAP EPS for FY2026
“$2.37 to $2.87”
Adjusted EPS for FY2026
“$3.95 to $4.15”
GAAP net income from continuing operations for FY2026
“$354 to $419”
Adjusted interest expense, net for FY2026
“$140”
Adjusted income tax expense for FY2026
“$121 to $126”
Adjusted EBITDA for FY2026
“$935 to $965”
GAAP interest expense for FY2026
“$190”
GAAP income tax expense for FY2026
“$73 to $88”
Exhibit 99.1 · the passage around this item
… earlier in the release
- The
design pipeline increased again to a new all-time high, including growth in both early-stage
and late-stage pursuits, even as the Company delivered record wins in the quarter.
Cash Flow and Capital Allocation
· Cash
flow excluding the impact of the Construction Management project remains strong and AECOM
expects to deliver on its long-term 100%+ free cash flow conversion target once the Construction
Management project headwinds subside.
· The
Company remains committed to its returns-based capital allocation policy, which in the near-term
will be prioritized towards its organic growth investments and its quarterly dividend program.
· The
Company maintains a strong balance sheet with net leverage 9 of 1.5x.
Fiscal 2026 and Long-Term Financial Guidance
· AECOM
updated its fiscal 2026 earnings guidance to reflect the impacts of the Construction Management
charge.
· The
Company’s guidance also contemplates higher than expected margin performance excluding
the Construction Management charge, offset by lower expected NSR growth primarily attributable
to delayed project starts in the Construction Management business and ongoing conflict in
the Middle East.
· As
a result, the Company’s fiscal 2026 guidance now includes expectations for:
‒ Adjusted 2 EPS of between $3.95 and $4.15 and adjusted 2
EBITDA 5 of between $935 million and $965 million.
‒ Total NSR 1 of between $7.30 and $7.35 billion.
‒ Free cash flow 8 of approximately $3
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.