Categories Analysis, Industrials, Retail

Aecom beats market estimates on Q4 revenue and earnings

AECOM (ACM) surpassed analysts’ expectations on both revenue and earnings for the fourth quarter of 2018. The consensus estimate was for earnings of $0.81 per share on revenue of $5.26 billion. Despite the win, the stock dropped over 5% in premarket hours on Monday.

AECOM fourth quarter 2018 Earnings Infographic
AECOM Q4 2018 Earnings Infographic

Total revenue grew 9% to $5.3 billion versus the same period last year. Organic revenue also increased by 9%. Net income fell 5% to $84 million or $0.52 per share versus the prior-year quarter. Adjusted EPS was $0.83.

Total backlog increased by 14% year-over-year to a record $54.1 billion. Wins for full-year 2018 increased 23% to $28.4 billion, including wins of over $6 billion in all four quarters. Aecom recorded more than $7 billion of large MS and CS wins in October, signalling momentum in the first quarter of 2019.

Cummins Q3 profit jumps 53%, beats estimates

During the quarter, Aecom posted revenue increases across all its business segments, both on a reported and organic basis. The acceleration was helped by growth in the transportation and water markets, and strength in the Building Construction business.

For the full year of 2019, adjusted EPS is expected to be $2.60 to $2.90. Adjusted EBITDA is expected to be $920 million to $960 million, reflecting 12% growth at the midpoint versus fiscal year 2018 and demonstrating strong payback on strategic initiatives. Capital expenditures are expected to be $120 million.


Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment

Viewing Highlight