AECOM Q4 2020 Earnings Report
Key Takeaways
AECOM reported strong EBITDA growth and free cash flow, contributing to substantial debt reduction and the commencement of share repurchases. The company remains focused on margin improvement and returning cash to investors through share repurchases.
Full year wins of $18.2 billion resulted in a book-to-burn ratio of 1.3, highlighted by a 1.4 book-to-burn ratio in the Americas segment.
Total backlog increased by 13% over the prior year to $41.2 billion.
Americas revenue in the fourth quarter was $2.7 billion, a 2% increase from the prior year.
Operating cash flow for the fourth quarter was $649 million and free cash flow was $619 million.
AECOM
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AECOM Revenue by Segment
Forward Guidance
AECOM expects to incur restructuring expenses in fiscal 2021 of between $30 million and $50 million, which will be excluded from the Company’s adjusted results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income