AECOM Q2 2020 Earnings Report
Key Takeaways
AECOM's second quarter results showed strong financial performance with significant margin improvement in Professional Services, double-digit adjusted EBITDA growth, and a record backlog of $41.6 billion. The company highlighted its resilience amidst COVID-19 challenges and its focus on health, safety, and client delivery.
Achieved sixth consecutive quarter of substantial margin improvement in Professional Services business.
Experienced continued double-digit adjusted EBITDA growth.
Secured a record $8.6 billion in wins, resulting in a 2.5 book-to-burn ratio.
Reached a new all-time high backlog level of $41.6 billion, up 14% year-over-year.
AECOM
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AECOM Revenue by Segment
Forward Guidance
AECOM reiterated its expectation for approximately $10 million of AECOM Capital earnings in fiscal 2020. The Company continues to expect in fiscal 2020 to incur restructuring expenses of between $160 million and $190 million, and total cash restructuring costs of between $185 million to $205 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income