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Jun 30, 2020
AECOM Q3 2020 Earnings Report
Reported third quarter fiscal year 2020 results, demonstrating resilience amidst unprecedented challenges and margin expansion.
Key Takeaways
AECOM reported a solid third quarter performance with margin expansion and double-digit adjusted EBITDA growth. The company is raising its adjusted EBITDA guidance range and expects to deliver 11% year-over-year growth at the mid-point.
Third quarter wins totaled $3.2 billion, resulting in a book-to-burn ratio of 0.9.
Year-to-date wins reached $15.1 billion, reflecting a 1.5 book-to-burn ratio.
Total backlog increased by 16% over the prior year to $41.5 billion.
Operating cash flow for the third quarter was $186 million and free cash flow was $272 million.
AECOM
AECOM
AECOM Revenue by Segment
Forward Guidance
The Company reiterated its guidance for full year free cash flow of between $100 million and $300 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income