AECOM's fiscal 2021 results showcased accelerating NSR growth, record operating margins, and double-digit earnings growth. The company increased its fiscal 2024 adjusted EPS target and expressed confidence in delivering against its 17% margin target over time.
Net service revenue (NSR) increased 6.5% in the Americas and International segments, marking a third consecutive quarter of accelerating growth.
Construction Management contracted backlog increased 21%, driven by the advancement of a large project.
The fourth quarter adjusted operating margin on an NSR basis of 19.8% reflected a 290 basis point increase over the prior year and marks a quarterly record.
AECOM published its first global ESG report, highlighting progress towards its sustainability goals.
AECOM expects accelerating revenue growth in fiscal 2022 and continued margin, adjusted EBITDA and adjusted EPS growth. The company has increased its fiscal 2024 adjusted EPS target and has increased confidence to deliver against its 17% margin target over time.
Visualization of income flow from segment revenue to net income