HighGravityDataSigned in · PRO
Guidance history, every release
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
| Metric | Nov 18, 2024 FY24 Q4 | Feb 3, 2025 FY25 Q1 | May 5, 2025 FY25 Q2 | Aug 4, 2025 FY25 Q3 | Nov 18, 2025 FY25 Q4 | Feb 9, 2026 FY26 Q1 | May 11, 2026 FY26 Q2 | Aug 10, 2026 FY26 Q3 |
|---|---|---|---|---|---|---|---|---|
| For FY2028 | ||||||||
| Margin exit rate | — | — | — | — | — | New“20%+” | Reiterated“20%+” | — |
| For FY2026 | ||||||||
| Adjusted EBITDA | — | — | — | — | — | New“$1,270 to $1,305” | Narrowed“$1,275 to $1,305” | Lowered“$935 to $965” |
| Adjusted EBITDA (continuing design and consulting business) | — | — | — | — | New“between $1,180 million and $1,220 million” | — | — | — |
| Adjusted EBITDA (enterprise-wide) | — | — | — | — | New“between $1,265 million and $1,305 million” | — | — | — |
| Adjusted EBITDA (excluding Construction Management charge) | — | — | — | — | — | — | — | New“between $1,275 million and $1,305 million” |
| Adjusted EBITDA margin | — | — | — | — | — | New“17.0%” | Reiterated“17.0%” | — |
| Adjusted EBITDA margin (continuing design and consulting business) | — | — | — | — | New“16.8%” | — | — | — |
| Adjusted EBITDA margin (excluding Construction Management charge) | — | — | — | — | — | — | — | New“17.4%” |
| Adjusted EPS | — | — | — | — | — | New“$5.85 to $6.05” | Raised“$5.90 to $6.10” | Lowered“$3.95 to $4.15” |
| Adjusted EPS (continuing design and consulting business) | — | — | — | — | New“between $5.15 and $5.35” | — | — | — |
| Adjusted EPS (enterprise-wide) | — | — | — | — | New“between $5.65 and $5.85” | — | — | — |
| Adjusted EPS (excluding Construction Management charge) | — | — | — | — | — | — | — | New“between $5.90 and $6.10” |
| Adjusted net income attributable to AECOM from continuing operations | — | — | — | — | New“$753 to $780” | — | — | — |
| Free cash flow conversion (cumulative, of adjusted net income) | — | — | — | — | New“at least 100%” | — | — | — |
| GAAP EPS | — | — | — | — | New“$4.01 to $4.84” | Raised“$4.18 to $4.89” | Narrowed“$4.25 to $4.86” | Lowered“$2.37 to $2.87” |
| GAAP net income from continuing operations | — | — | — | — | New“$599 to $710” | Narrowed“$613 to $705” | Narrowed“$617 to $696” | Lowered“$354 to $419” |
| Margin exit rate | — | New“17%” | — | — | — | — | — | — |
| Net income attributable to AECOM from continuing operations | — | — | — | — | New“$534 to $645” | — | — | — |
| Segment adjusted operating margin | — | — | — | — | — | New“16.8%” | Reiterated“16.8%” | — |
| Segment adjusted operating margin (continuing design and consulting business) | — | — | — | — | New“16.6%” | — | — | — |
| Segment adjusted operating margin (excluding Construction Management charge) | — | — | — | — | — | — | — | New“17.0%” |
| Adjusted effective tax rate | — | — | — | — | New“approximately 22 - 23%” | Lowered“approximately 20 – 22%” | Reiterated“approximately 20 – 22%” | Lowered“approximately 19%” |
| Adjusted income tax expense | — | — | — | — | New“$212 to $225” | Lowered“$198 to $207” | Narrowed“$203 to $207” | Lowered“$121 to $126” |
| Adjusted interest expense, net | — | — | — | — | — | New“$140” | Raised“$145” | Lowered“$140” |
| Adjusted net interest expense | — | — | — | — | New“approximately $140 million” | — | — | — |
| Average fully diluted share count | — | — | — | — | New“133 million” | Lowered“131 million” | Lowered“130 million” | Reiterated“130 million” |
| Cash receipt from legacy matter settlement | — | — | — | — | — | New“approximately $50 million” | — | — |
| Depreciation | — | — | — | — | New“approximately $160 million” | — | — | — |
| Free cash flow | — | — | — | — | — | New“approximately $400 million” | Reiterated“approximately $400 million” | Lowered“approximately $300 million” |
| Free cash flow (enterprise-wide) | — | — | — | — | New“approximately $400 million” | — | — | — |
| GAAP income tax expense | — | — | — | — | New“$151 to $186” | Lowered“$141 to $167” | Narrowed“$146 to $165” | Lowered“$73 to $88” |
| GAAP interest expense | — | — | — | — | New“$175” | Raised“$180” | Raised“$195” | Lowered“$190” |
| Next dividend payment | — | — | — | — | New“January 23, 2026” | — | — | — |
| NSR (continuing design and consulting business) | — | — | — | — | New“between $7.2 and $7.4 billion” | — | — | — |
| Organic NSR CAGR | — | — | — | — | New“5 – 8%” | — | — | — |
| Organic NSR growth | — | — | — | — | — | New“6% to 8%” | Reiterated“between 6% and 8%” | — |
| Organic NSR growth (continuing design and consulting business) | — | — | — | — | New“6% to 8%” | — | — | — |
| Per share dividend value increase | — | — | — | — | New“double-digit percentage annually” | — | — | — |
| Quarterly dividend | — | — | — | — | New“$0.31 per share” | — | — | — |
| Total NSR | — | — | — | — | — | — | — | New“between $7.30 and $7.35 billion” |
| Total NSR (excluding Construction Management charge) | — | — | — | — | — | — | — | New“between $7.65 and $7.70 billion” |
| For FY2025 | ||||||||
| Adjusted EBITDA | New“$1,170 to $1,210” | Narrowed“$1,175 to $1,210” | Narrowed“$1,180 to $1,210” | Narrowed“$1,190 to $1,210” | — | — | — | — |
| Adjusted EBITDA margin | New“16.3%” | Reiterated“16.3%” | Reiterated“16.3%” | Raised“16.7%” | — | — | — | — |
| Adjusted EBITDA margin (exit rate) | New“at least 17%” | — | — | — | — | — | — | — |
| Adjusted EBITDA margin exiting fiscal year 2025 | New“at least 17%” | — | — | — | — | — | — | — |
| Adjusted EPS | New“$5.00 to $5.20” | Narrowed“$5.05 to $5.20” | Narrowed“$5.10 to $5.20” | Raised“$5.20 to $5.30” | — | — | — | — |
| Adjusted net income attributable to AECOM from continuing operations | — | New“$677 to $697” | Raised“$681 to $698” | Raised“$692 to $705” | — | — | — | — |
| GAAP EPS | New“$4.96 to $5.16” | Raised“$5.03 to $5.19” | Lowered“$5.00 to $5.10” | Raised“$5.08 to $5.18” | — | — | — | — |
| GAAP net income from continuing operations | New“$724 to $743” | Raised“$735 to $746” | Lowered“$728 to $734” | Raised“$750 to $753” | — | — | — | — |
| Net income attributable to AECOM from continuing operations | — | New“$675 to $696” | Lowered“$668 to $684” | Raised“$675 to $688” | — | — | — | — |
| Segment adjusted operating margin | — | New“16.1%” | Reiterated“16.1%” | Raised“16.5%” | — | — | — | — |
| Adjusted effective tax rate | New“approximately 24%” | Reiterated“approximately 24%” | Reiterated“approximately 24%” | Reiterated“approximately 24%” | — | — | — | — |
| Adjusted income tax expense | New“$211 to $223” | Raised“$213 to $224” | Narrowed“$215 to $223” | Raised“$218 to $225” | — | — | — | — |
| Adjusted net interest expense | — | New“$125 to $129” | Lowered“$120 to $125” | Lowered“$115” | — | — | — | — |
| Adjusted tax rate | — | New“approximately 24%” | Reiterated“approximately 24%” | Reiterated“approximately 24%” | — | — | — | — |
| Average fully diluted share count | New“134 million” | Reiterated“134 million” | Reiterated“134 million” | Lowered“133 million” | — | — | — | — |
| Free cash flow conversion | New“100%+” | Reiterated“100%+” | Reiterated“100%+” | Reiterated“100%+” | — | — | — | — |
| GAAP income tax expense | New“$210 to $221” | Raised“$213 to $223” | Lowered“$210 to $219” | Raised“$213 to $220” | — | — | — | — |
| GAAP interest expense | New“$169” | Raised“$170 to $174” | Widened“$170 to $175” | Raised“$177” | — | — | — | — |
| Organic NSR growth | New“5% to 8%” | Reiterated“5% to 8%” | Reiterated“5% to 8%” | Reiterated“5% to 8%” | — | — | — | — |
| No period stated | ||||||||
| Net service revenue in Water & Environment Advisory business | — | New“doubling the $200 million” | — | — | — | — | — | — |
| Adjusted EBITDA margin expansion | New“At least 20 to 30 basis points” | — | — | — | — | — | — | — |
| Adjusted EPS and free cash flow per share growth | New“Double-digit” | — | — | — | — | — | — | — |
| Adjusted EPS CAGR | — | — | — | — | New“15%+” | Reiterated“15%+” | Reiterated“15%+” | — |
| Adjusted EPS CAGR (excluding Construction Management charge) | — | — | — | — | — | — | — | New“15%+” |
| Adjusted EPS growth | New“Double-digit” | — | — | — | — | — | — | — |
| Adjusted net income to free cash flow conversion | New“At least 100%” | — | — | — | — | — | — | — |
| Long-term margin exit rate | — | — | — | — | New“20%+” | — | — | — |
| Margin exit rate (long-term target) | — | — | — | — | — | — | — | New“20%+” |
| Margin target | — | — | New“17%+” | — | — | — | — | — |
| Free cash flow conversion (long-term target) | — | — | — | — | — | — | — | New“100%+” |
| Free cash flow conversion target | — | — | — | — | — | — | New“100%+” | — |
| Long-term free cash flow conversion target | — | — | — | — | — | — | New“100%+” | — |
| ROIC | New“at least 25%” | — | — | — | — | — | — | — |
| Share repurchase authorization | New“$1 billion” | — | — | — | — | Reiterated“$1 billion” | — | — |
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.