AECOM Q3 2022 Earnings Report
Key Takeaways
AECOM reported strong third quarter fiscal 2022 results, with a focus on high-returning organic growth, collaboration, and disciplined capital allocation. Adjusted EPS grew by 28% year-to-date, and the company increased its fiscal 2022 EPS guidance while affirming its long-term fiscal 2024 financial targets.
Increased Fiscal 2022 EPS Guidance and Affirmed Long-Term Fiscal 2024 Financial Targets
Free cash flow was strong in the third quarter and year-to-date free cash flow was up 15% as compared to last year
Americas net service revenue increased 4% from the prior year.
International net service revenue increased 8% from the prior year, including growth in the Company’s largest and most profitable markets.
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AECOM Revenue by Segment
Forward Guidance
AECOM increased its fiscal year 2022 adjusted EPS guidance and reaffirmed its long-term fiscal 2024 financial targets.