It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores a ...

Revenue and Profit Growth - Revenue for fiscal 2024 increased to $16.105 billion, up from $14.378 billion in fiscal 2023, representing a growth of approximately 12%[260] - Gross profit for fiscal 2024 was $1.084 billion, compared to $945 million in fiscal 2023, reflecting a 14.7% increase[260] - Revenue increased by $1,727.0 million (12.0%) to $16,105.5 million in fiscal year 2024 compared to $14,378.5 million in fiscal year 2023[300] - Gross profit rose by $138.8 million (14.7%) to $1,084.3 million in fiscal year 2024 from $945.5 million in fiscal year 2023[300] - Income from operations surged by $503.3 million (155.3%) to $827.4 million in fiscal year 2024 compared to $324.1 million in fiscal year 2023[300] - Net income attributable to AECOM increased by $347.0 million (627.5%) to $402.3 million in fiscal year 2024 from $55.3 million in fiscal year 2023[300] Segment Operations - The Americas segment provides services in transportation, water, government, facilities, environmental, and energy markets, generating significant revenue from public and private clients[250] - The International segment operates in Europe, the Middle East, India, Africa, and the Asia-Australia-Pacific regions, focusing on similar end markets as the Americas[251] Capital and Investments - The company completed a transaction transitioning the AECOM Capital team to a new third-party platform in Q3 of fiscal 2024[257] - AECOM Capital (ACAP) primarily invests in and develops real estate projects, contributing to the company's diversified income streams[252] - At September 30, 2024, the company had approximately $560.5 million remaining in its stock repurchase authorization, with an increase to $1.0 billion approved on November 13, 2024[255] - The company has capital commitments of $5.9 million to the AECOM-Canyon Equity Fund over the next 4 years[392] Operational Efficiency and Restructuring - The company exited substantially all of its former self-perform at-risk construction businesses to improve profitability and reduce risk[256] - Restructuring costs for fiscal 2024 decreased to $99 million from $188 million in fiscal 2023, reflecting ongoing efforts to enhance operational efficiency[260] - Restructuring costs decreased by $89.5 million (47.5%) to $98.9 million in fiscal year 2024 from $188.4 million in fiscal year 2023[300] Expenses and Taxes - General and administrative expenses for fiscal 2024 were $160 million, slightly higher than the $154 million recorded in fiscal 2023[260] - Income tax expense from continuing operations increased by $96.9 million (172.7%) to $153.0 million in fiscal year 2024 from $56.1 million in fiscal year 2023[300] - No deferred taxes have been provided on the undistributed gross book-tax basis differences of non-U.S. operations of approximately $1.2 billion[286] Pension and Employee Benefits - The company expects to contribute $24.2 million to international pension plans and $11.2 million to U.S. plans in fiscal 2025[294] - The aggregate worldwide pension deficit decreased from $165.3 million to $134.0 million between September 30, 2023, and September 30, 2024[297] - The company's defined benefit pension plans had an aggregate deficit of approximately $134.0 million as of September 30, 2024[379] Debt and Credit Facilities - Borrowings under the New Revolving Credit Facility and New Term A Facility bear interest at a rate per annum equal to Term SOFR rate plus 1.225% or base rate plus 0.25%[361] - Borrowings under the New Term B Facility bear interest at a rate per annum equal to Term SOFR rate plus 1.75% or base rate plus 0.75%[362] - As of September 30, 2024, letters of credit totaled $4.4 million under the New Revolving Credit Facility[366] - As of September 30, 2024, the company had $1,495.6 million available under the New Revolving Credit Facility[366] - The estimated fair value of the 2027 Senior Notes was approximately $997.3 million as of September 30, 2024[369] - The average effective interest rate on total debt was 5.6% for the year ended September 30, 2024[374] - At September 30, 2024, the company had $389.8 million available under unsecured credit facilities[373] - The company's outstanding borrowings under term credit agreements and revolving credit facility were $1,446.6 million as of September 30, 2024, with a weighted average floating rate of $1,662.9 million[412] Legal and Contractual Obligations - The Former Affiliate submitted claims against the DOE seeking recovery of $103 million in 2014 and an additional $60.4 million in 2019, with potential recovery ranging from $148.5 million to $329.4 million[398] - The Company completed the sale of its Management Services business, including the Former Affiliate, with future DOE project claim recoveries and costs split 10% to the MS Purchaser and 90% to the Company[399] - The Company's Former Affiliate performed additional work outside of the original contract over $90 million and is entitled to payment of approximately $144 million for the Refinery Turnaround Project[401] - The Company retained the Refinery Turnaround Project, including related claims and liabilities, with trial expected to begin in the second quarter of fiscal year 2025[402] - The Company's total contractual obligations and commitments as of September 30, 2024, amounted to $4,132.7 million, including debt, interest, operating leases, and pension funding obligations[405] Financial Reporting and Compliance - The Company is evaluating the impact of new FASB guidance on segment reporting and income tax disclosures, effective for interim periods ending December 31, 2025, and annual periods beginning October 1, 2025, respectively[406][407] Equity and Joint Ventures - Equity in earnings of joint ventures improved by $281.5 million (100.8%) to $2.1 million in fiscal year 2024 from a loss of $279.4 million in fiscal year 2023[300] Contract Revenues - The Company recognized $16.1 billion in contract revenues for the year ended September 30, 2024, including $3.7 billion from fixed price contracts and $6.0 billion from guaranteed maximum price contracts[424]

AECOM (NYSE:ACM) Q4 2024 Earnings Conference Call November 19, 2024 8:00 AM ET Company Participants Will Gabrielski - Senior Vice President, Finance, Treasury & Investor Relations Troy Rudd - Chief Executive Officer Lara Poloni - President Gaurav Kapoor - Chief Financial Officer & Chief Operations Officer Conference Call Participants Andrew Wittmann - Baird Sangita Jain - KeyBanc Capital Markets Natalia Bak - Citigroup Michael Feniger - Bank of America Steven Fisher - UBS Michael Dudas - Vertical Research K ...

AECOM (ACM) reported impressive results for fourth-quarter fiscal 2024, where earnings surpassed the Zacks Consensus Estimate and grew on a year-over-year basis. Revenues also increased from the prior year, backed by solid organic net service revenues (NSR) growth in its design business.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Shares of this global infrastructure leader lost 1.2% in the after-hours trading session on Monday despite being exceeding its previously-increased gui ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | AECOM served as lea ...

AECOM ACM will release earnings results for its fourth quarter, after the closing bell on Monday, Nov. 18.Analysts expect the Dallas, Texas-based company to report quarterly earnings at $1.25 per share, up from $1.01 per share in the year-ago period. The company projects to report quarterly revenue of $4.12 billion, compared to $3.84 billion a year earlier, according to data from Benzinga Pro.On Oct, 31, Aecom was selected for a $90 million single-award task order for the G7 Partnership for Global Infrastru ...

Financial Performance - Fourth quarter revenue increased 7% to $4.1 billion, operating income increased 194% to $236 million, net income increased 396% to $168 million, and diluted earnings per share increased 421% to $1.25[4] - Full year revenue increased 12% to $16.1 billion, operating income increased 155% to $827 million, net income increased 343% to $506 million, and diluted earnings per share increased 358% to $3.71[4] - Full year net service revenue (NSR) reached an all-time high of $7.165 billion, with 7% growth year-over-year[3][4] - Adjusted EBITDA margin was 16.7% in the fourth quarter and 16.0% for the full year, reflecting increases of 140 basis points and 100 basis points, respectively[4] - Free cash flow for the full year reached a new high of $708 million, a 20% increase from the prior year, representing 10% of net service revenue[8][11] - AECOM's revenue for fiscal year 2024 was $16.1 billion, representing a 12.0% increase compared to the previous year[26][33] - Net income attributable to AECOM for the twelve months ended September 30, 2024, was $402.3 million, a 627.0% increase year-over-year[33] - Gross profit for the twelve months ended September 30, 2024, was $1.08 billion, up 14.7% from the previous year[33] - Income from continuing operations before taxes for the twelve months ended September 30, 2024, was $718.2 million, a 236.5% increase year-over-year[33] - Basic earnings per share for the twelve months ended September 30, 2024, were $2.97, a 642.5% increase year-over-year[33] - Diluted earnings per share for the twelve months ended September 30, 2024, were $2.95, a 656.4% increase year-over-year[33] - Revenue for the three months ended September 30, 2024, totaled $4,110.5 million, with Americas contributing $3,161.5 million and International contributing $948.4 million[38] - Gross profit for the three months ended September 30, 2024, was $294.2 million, with a gross profit margin of 7.2%[38] - Net service revenue for the three months ended September 30, 2024, was $1,812.1 million, with Americas contributing $1,057.4 million and International contributing $754.1 million[41] - Revenue for the twelve months ended September 30, 2024, totaled $16,105.5 million, with Americas contributing $12,485.7 million and International contributing $3,618.4 million[38] - Gross profit for the twelve months ended September 30, 2024, was $1,084.3 million, with a gross profit margin of 6.7%[38] - Net service revenue for the twelve months ended September 30, 2024, was $7,165.0 million, with Americas contributing $4,204.6 million and International contributing $2,959.0 million[41] - Income from operations for the three months ended September 30, 2024, was $236.4 million, with Americas contributing $203.4 million and International contributing $94.5 million[38] - Income from operations for the twelve months ended September 30, 2024, was $827.4 million, with Americas contributing $774.6 million and International contributing $337.4 million[38] - Net income attributable to AECOM from continuing operations for the twelve months ended Sep 30, 2024 was $505.9 million, compared to $114.1 million for the same period in 2023[53] - Adjusted net income attributable to AECOM from continuing operations for the twelve months ended Sep 30, 2024 was $616.9 million, compared to $519.6 million for the same period in 2023[53] - Adjusted EBITDA for the twelve months ended Sep 30, 2024 was $1,094.8 million, compared to $963.9 million for the same period in 2023[54] - Americas segment income from operations for the twelve months ended Sep 30, 2024 was $774.6 million, compared to $714.6 million for the same period in 2023[57] - International segment income from operations for the twelve months ended Sep 30, 2024 was $337.4 million, compared to $254.7 million for the same period in 2023[57] - Total segment income from operations (excluding ACAP and G&A) for the twelve months ended Sep 30, 2024 was $1,112.0 million, compared to $969.3 million for the same period in 2023[57] Backlog and Cash Flow - Total backlog increased 3% to a new record of $23.863 billion, with design backlog increasing by 5%[3][4] - Total backlog as of September 30, 2024, was $23,863.0 million, with Americas contributing $17,436.3 million and International contributing $6,426.8 million[38] - Total backlog – Design only as of September 30, 2024, was $22,556.9 million, with Americas contributing $16,130.1 million and International contributing $6,426.8 million[38] - Free cash flow for the three months ended September 30, 2024, was $274.6 million, up from $262.9 million in the same period last year[42] Financial Position - Total cash and cash equivalents as of September 30, 2024, were $1.58 billion, up from $1.26 billion the previous year[35] - Accounts receivable and contract assets – net increased to $4.60 billion as of September 30, 2024, from $4.07 billion the previous year[35] - Total debt, excluding unamortized debt issuance costs, was $2.54 billion as of September 30, 2024, compared to $2.22 billion the previous year[35] - Working capital significantly increased to $802.0 million as of September 30, 2024, from $319.2 million the previous year[35] - Total debt increased to $2,539.9 million as of September 30, 2024, compared to $2,217.3 million in the same period last year[42] - Net debt stood at $959.0 million as of September 30, 2024, slightly higher than $957.1 million in the previous year[42] Guidance and Forecast - Fiscal 2025 guidance includes organic NSR growth of 5% to 8%, adjusted EBITDA of $1.170 billion to $1.210 billion, and adjusted EPS of $5.00 to $5.20[9] - GAAP EPS guidance for 2025 is $4.96 to $5.16[59] - Adjusted EPS guidance for 2025 is $5.00 to $5.20, excluding amortization of intangible assets ($0.01), deferred financing fees ($0.04), and tax effects ($0.01)[59] - GAAP net income from continuing operations guidance for 2025 is $724M to $743M[59] - Adjusted net income attributable to AECOM from continuing operations for 2025 is $670M to $698M, excluding amortization of intangible assets ($2M), deferred financing fees ($5M), and tax effects ($1M to $2M)[59] - Adjusted EBITDA guidance for 2025 is $1,170M to $1,210M, excluding depreciation ($160M), adjusted interest expense ($129M), and tax expense ($211M to $223M)[59] - GAAP interest expense guidance for 2025 is $169M, with adjusted net interest expense guidance at $129M after excluding finance charges ($5M) and interest income ($35M)[62] - GAAP income tax expense guidance for 2025 is $210M to $221M, with adjusted income tax expense guidance at $211M to $223M after including tax effects of adjusting items ($1M to $2M)[62] Segment Performance - The Americas segment revenue increased 8% to $3.2 billion in the fourth quarter, with full-year revenue up 14% to $12.5 billion[15] - International segment revenue increased 5% to $948 million in the fourth quarter, with full-year revenue up 6% to $3.6 billion[17] Shareholder Returns - The company increased its share repurchase authorization to $1 billion and raised its quarterly dividend by 18% to $0.26 per share[5][11] Adjustments and Non-Core Items - Adjusted income from operations for the three months ended September 30, 2024, was $261.5 million, compared to $224.7 million in the same period last year[47] - Adjusted EBITDA with noncontrolling interests (NCI) for the three months ended September 30, 2024, was $303.1 million, up from $265.7 million in the same period last year[47] - Adjusted income from continuing operations before taxes for the three months ended September 30, 2024, was $235.1 million, compared to $202.4 million in the same period last year[47] - Adjusted income tax expense for continuing operations for the three months ended September 30, 2024, was $48.1 million, compared to $47.6 million in the same period last year[46] - Adjusted net income attributable to noncontrolling interests from continuing operations for the three months ended September 30, 2024, was $(14.7) million, compared to $(13.8) million in the same period last year[48] - Restructuring costs for the twelve months ended Sep 30, 2024 were $99.0 million, compared to $188.5 million for the same period in 2023[54] - Amortization of intangible assets for the twelve months ended Sep 30, 2024 was $18.7 million, compared to $18.5 million for the same period in 2023[57] - Noncore AECOM Capital loss (income), net of NCI for the twelve months ended Sep 30, 2024 was $40.5 million, compared to $315.8 million for the same period in 2023[54] - Weighted average shares outstanding - diluted for the twelve months ended Sep 30, 2024 was 136.5 million, compared to 140.1 million for the same period in 2023[53]

- Acoramidis demonstrated the earliest known time to separation in cardiovascular outcomes in the ATTRibute-CM study (3 months), with statistically significant risk reduction of 36% on All-Cause Mortality (ACM) alone at Month 36 within the Open Label Extension - The continued curve separation of the composite endpoint of ACM and recurrent cardiovascular-related hospitalizations (CVH) emphasizes the importance of early intervention resulting in early and sustained clinical benefits, with acoramidis demonstra ...

AECOM (ACM) is scheduled to report fourth-quarter fiscal 2024 results on Nov. 18, after market close.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, ACM’s earnings beat the Zacks Consensus Estimate by 3.6% and increased 23% year over year. Net sales grew 13% year over year.AECOM’s earnings topped the consensus mark in two of the last four quarters, met on one occasion and missed once, the average surprise being 4.2%.Trend in Estimate RevisionFor the qua ...

Core Viewpoint - ACM Research, Inc. reported strong financial results for Q3 2024, highlighting record revenue, profitability, and positive cash flow, while also raising its revenue outlook for the fiscal year 2024 [2][5]. Financial Performance - Revenue for Q3 2024 was $204.0 million, a 21% increase from $168.6 million in Q3 2023 [3][11]. - Gross margin decreased to 51.4% from 52.5% year-over-year, while non-GAAP gross margin was 51.6% compared to 52.9% [3][11]. - Operating income rose to $44.2 million from $33.2 million, with an operating margin of 21.7% compared to 19.7% [3][11]. - Net income attributable to ACM was $30.9 million, up from $25.7 million, with diluted EPS increasing to $0.45 from $0.39 [3][11][22]. Revenue Breakdown - Total shipments in Q3 2024 were $261 million, a 23% increase from Q3 2023 [6]. - Revenue from single wafer cleaning, Tahoe, and semi-critical cleaning equipment was $161.0 million, up from $132.4 million [24]. - Revenue from ECP and other technologies was $34.6 million, compared to $25.5 million in the previous year [24]. Outlook and Growth Strategy - ACM raised its revenue guidance for fiscal year 2024 to a range of $725 million to $745 million, up from the previous range of $695 million to $735 million [5]. - The company anticipates continued growth in mainland China and has begun initial operations at its Lingang facility [2][9]. - New product launches, including the Ultra C Tahoe cleaning tool and Ultra C bev-p Panel Bevel Etching Tool, are expected to enhance ACM's market position in AI chip manufacturing [7][8]. Recent Developments - ACM completed the purchase of a 39,500 square foot facility in Oregon to expand R&D capabilities [8]. - The company celebrated the opening of its new R&D and production facility in Lingang, China [9].