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Amentum Holdings Inc Q2 2025 Earnings Report
Amentum Holdings Inc. reported solid results for the second quarter of fiscal year 2025, with significant increases in revenues, operating income, and net income compared to the previous year.
Key Takeaways
Amentum Holdings, Inc. announced strong second quarter fiscal year 2025 results, with revenues reaching $3.491 billion, a 70% increase year-over-year. The company reported a net income of $4 million and diluted EPS of $0.02, a significant improvement from a net loss in the prior year. Pro forma revenues grew 1% and Adjusted EBITDA increased 3% year-over-year, driven by growth in Digital Solutions and improved operating performance.
Revenues increased 70% year-over-year to $3.491 billion, primarily due to the combination with Jacobs' Critical Mission Solutions and Cyber & Intelligence (CMS) businesses.
Net income improved significantly to $4 million from a loss of $41 million in the prior year, driven by higher operating income and lower interest expense.
Pro forma Adjusted EBITDA increased 3% year-over-year to $268 million, reflecting higher revenues and improved operating performance.
The company's backlog grew to $44.8 billion, an increase of $17.6 billion, primarily due to the acquisition of CMS.
Revenue by Segment
Forward Guidance
Amentum reaffirmed the mid-points of its fiscal year 2025 guidance, with expected revenues between $13.85 billion and $14.15 billion, and Adjusted EBITDA between $1.065 billion and $1.095 billion.
Positive Outlook
- Reaffirmed mid-points of prior guidance for fiscal year 2025.
- Expected revenues of $13.85 billion to $14.15 billion.
- Anticipated Adjusted EBITDA of $1.065 billion to $1.095 billion.
- Projected Adjusted Diluted EPS of $2.00 to $2.20.
- Forecasted Free Cash Flow of $475 million to $525 million.
Challenges Ahead
- The company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable GAAP measures.
- Forecasting and quantifying certain significant items is inherently difficult.
- These items are uncertain and depend on various factors.
- Could have a material impact on GAAP reported results for the relevant period.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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