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NEW YORK - On Tuesday, Aecom (NYSE:ACM) reported better-than-expected fourth-quarter earnings, despite revenue coming in slightly below analyst forecasts.
The global infrastructure leader’s shares rose 2.49% in pre-market trading after the results.
The company reported adjusted earnings per share of $1.36 for the fourth quarter, exceeding analyst estimates of $1.34. Revenue for the quarter was $4.18 billion, below the consensus estimate of $4.32 billion. Net service revenue (NSR) growth accelerated to 8% in the quarter, driven by 9% growth in the Americas design business.
Aecom delivered a record segment adjusted operating margin of 17.1% in the fourth quarter, representing a 40 basis point improvement year-over-year. The company also reported a 13% increase in adjusted EBITDA to $329 million.
"We exited fiscal 2025 with numerous financial and strategic accomplishments including a record backlog and pipeline, which underpins our confidence in fiscal 2026 and beyond," said Troy Rudd, Aecom’s chairman and chief executive officer.
For fiscal 2026, Aecom expects adjusted earnings per share between $5.65 and $5.85, reflecting a 9% increase at the midpoint over the prior year. The company also announced a 19% increase to its quarterly dividend to $0.31 per share.
Additionally, Aecom revealed it is evaluating strategic alternatives for its Construction Management business, including a potential sale, as it focuses on its highest-returning and fastest-growing businesses.
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