LONDON, UK / ACCESSWIRE / December 27, 2017 / Active-Investors.com has just released a free earnings report on AECOM (NYSE: ACM). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ACM. The Company posted its financial results on November 13, 2017, for the fourth quarter fiscal 2017. The provider of technical and management-support services’ revenue and adjusted EPS surpassed analysts’ expectations.Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, AECOM most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
For three months ended September 30, 2017, AECOM’s revenue increased 12.3% to $4.86 billion from $4.32 billion in Q4 FY16. The Company’s revenue surpassed analysts’ expectations of $4.67 billion.
During FY17, the Company’s revenue increased 4.6% to $18.20 billion from $17.41 billion in FY16.
During Q4 FY17, AECOM’s gross profit increased 15.6% to $170.13 million from $147.18 million in the same period last year. For the reported quarter, the Company’s gross margin increased 10 basis points to 3.5% of revenue from 3.4% of revenue in Q4 FY16.
During FY17, the Company’s gross profit increased 6.4% to $683.72 million from $642.82 million in FY16. During FY17, the Company’s gross margin increased 10 basis points to 3.8% of revenue from 3.7% of revenue in FY16.
During Q4 FY17, AECOM’s earnings before interest, tax, depreciation, and amortization (EBITDA) increased 56.5% to $217.7 million from $139.1 million in the same period last year. During Q4 FY17, AECOM’s adjusted EBITDA increased 6.4% to $224.7 million from $211.2 million in the same period last year.
During Q4 FY17, AECOM’s operating income increased 134.3% to $161.86 million from $69.07 million in the same period last year. For the reported quarter, the Company’s operating margin increased 170 basis points to 3.3% of revenue, from 1.6% of revenue in the fourth quarter of 2016. During Q4 FY17, AECOM’s adjusted operating income increased 7% to $199.0 million from $186.8 million in the same period last year.
During FY17, the Company’s operating income increased 74.1% to $653.86 million from $375.54 million in FY16. During FY17, the Company’s operating margin increased 140 basis points to 3.6% of revenue from 2.2% of revenue in FY16.
During Q4 FY17, AECOM’s earnings before tax (EBT) was positive $109.93 million compared to negative $1.44 million in the same period last year.
For the reported quarter, AECOM’s net income increased 1129% to $88.49 million on a y-o-y basis from $7.20 million in the fourth quarter of 2016. During Q4 FY17, the Company’s diluted EPS increased 1000% $0.55 on a y-o-y basis from $0.05 in the same period last year. For the reported quarter, AECOM’s adjusted net income increased 17% to $119.6 million on a y-o-y basis from $102.0 million in Q4 FY16. During Q4 FY17, the Company’s adjusted diluted EPS increased 14% $0.74 on a y-o-y basis from $0.65 in the same period last year. Adjusted diluted EPS surpassed analysts’ expectations of $0.71.
During FY17, the Company’s net income increased 253.1% to $339.39 million from $96.11 million in FY16. AECOM’s diluted EPS increased 243.5% in FY17 to $2.13 from $0.62 in FY16.
AECOM’s Segment Details
Design & Consulting Services – During Q4 FY17, the Design & Consulting Services segment’s revenue increased 4.6% to $2.00 billion from $1.91 billion in the same period last year. For the reported quarter, the segment’s gross profit increased 23.3% to $102.38 million from $83.02 million in Q4 FY16. For the reported quarter, the segment’s operating income increased 24% to $106.19 million from $85.67 million in Q4 FY16.
Construction Services – During Q4 FY17, the Construction Services segment’s revenue increased 28.9% to $1.97 billion from $1.53 billion in the same period last year. For the reported quarter, the segment’s gross profit increased 1244.2% to $32.53 million from $2.42 million in Q4 FY16. For the reported quarter, the segment’s operating income increased 227.1% to $38.21 million from $11.68 million in Q4 FY16.
Management Services – During Q4 FY17, the Company’s Management Services segment’s revenue increased 0.3% to $890.42 million from $887.46 million in the same period last year. For the reported quarter, the segment’s gross profit decreased 43% to $35.22 million from $61.74 million in Q4 FY16. For the reported quarter, the segment’s operating income decreased 32% to $48.35 million from $71.07 million in Q4 FY16.
Balance Sheet
As on September 30, 2017, AECOM’s cash and cash equivalents increased 15.9% to $802.36 million from $692.15 million on September 30, 2016. For the reported quarter, the Company’s total debt, excluding unamortized debt issuance costs decreased 5.5% to $3.90 billion from $4.13 billion in Q4 FY16.
For the reported quarter, the Company’s net cash provided by operating activities decreased 30.7% to $251.4 million from $362.9 million in Q4 FY16. For the reported quarter, the Company’s free cash flow decreased 29% to $231.4 million from $326.0 million in Q4 FY16.
Outlook
For FY18, the Company expects diluted EPS to be in the range of $2.04 to $2.44 and adjusted diluted EPS to be in the range of $2.50 to $2.90.
Stock Performance Snapshot
December 26, 2017 – At Tuesday’s closing bell, AECOM’s stock was slightly up 0.48%, ending the trading session at $37.46.
Volume traded for the day: 425.36 thousand shares.
Stock performance in the last month – up 3.77%; previous three-month period – up 2.60%; past six-month period – up 16.01%; and year-to-date – up 3.03%
After yesterday’s close, AECOM’s market cap was at $5.88 billion.
Price to Earnings (P/E) ratio was at 17.58.
The stock is part of the Services sector, categorized under the Technical Services industry. This sector was flat at the end of the session.
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