Quarterly ResultMay 11, 2026, 04:19 PM
AECOM Q2 Adj. EPS $1.59, Revenue $3.8B; Raises FY26 Guidance
AI Summary
AECOM reported strong second quarter fiscal 2026 results, delivering record performance and raising its full-year earnings guidance for the second consecutive quarter. The company achieved a 27% increase in adjusted EPS to $1.59 and an 8% rise in adjusted EBITDA. Total backlog grew 8% to a record $26.2 billion, driven by a 1.2 design book-to-burn ratio. Despite a decline in GAAP operating income, net income and diluted EPS saw significant increases. The company also returned $155 million to shareholders through repurchases and dividends.
Key Highlights
- Adjusted diluted EPS increased 27% to $1.59 in Q2 fiscal 2026.
- Q2 revenue rose 1% to $3.8 billion, with net income up 19% to $184 million.
- Adjusted EBITDA increased 8% to $312 million, with a segment adjusted operating margin of 16.5%.
- Total backlog grew 8% to a record $26.2 billion, driven by a 1.2 design book-to-burn ratio.
- Americas segment net service revenue increased 5% to $1.2 billion, with an adjusted operating margin of 20.0%.
- International segment backlog grew 25% to a new record high, with a 1.2 book-to-burn ratio.
- Fiscal 2026 adjusted EPS guidance raised to $5.90-$6.10, representing 14% year-over-year growth at midpoint.
- Reiterated fiscal 2026 free cash flow guidance of approximately $400 million.