amentum Amentum Fiscal Year 2024 Earnings Conference Call December 17, 2024 A M E N T U M P R O P R I E T A R Y Forward Looking Statements and Disclaimers Cautionary Note Regarding Forward Looking Statements This presentation contains or incorporates by reference statements that relate to future events and expectations and, as such, could be interpreted to be "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forwar ...

Core Viewpoint - Amentum Holdings, Inc. is set to release its quarterly earnings on December 17, with expectations of reporting earnings of 25 cents per share and revenue of $3.41 billion for the recent quarter [1][2]. Earnings Expectations - Analysts anticipate Amentum to report quarterly earnings at 25 cents per share [2]. - The projected revenue for the recent quarter is $3.41 billion [2]. Stock Performance and Analyst Ratings - Amentum shares experienced a decline of 1%, closing at $23.61 [2]. - The consensus price target for Amentum is $30.5, with a high target of $31 from Truist Securities and a low target not specified [2]. - Raymond James analyst Brian Gesuale initiated coverage with an Outperform rating and a price target of $30, achieving an accuracy rate of 71% [2]. - Truist Securities analyst Tobey Sommer initiated coverage with a Buy rating and a price target of $31, with an accuracy rate of 77% [2]. Management Changes - On December 2, Amentum appointed Darren Burton as Chief People Officer [2].

Core Insights - Jacobs Solutions Inc. has successfully completed the separation of its Critical Mission Solutions and Cyber & Intelligence businesses, merging them with Amentum, which is now publicly traded under the ticker AMTM [1][4] - The company reported a significant increase in backlog, which grew by 23% year-over-year, with a trailing twelve-month (TTM) book-to-bill ratio of 1.35x [1][2] - Fiscal Year 2025 guidance indicates expectations for mid-to-high single-digit growth in adjusted net revenue, an adjusted EBITDA margin of 13.8-14.0%, and adjusted EPS ranging from $5.80 to $6.20 [3][4] Financial Performance - For Q4 2024, Jacobs reported revenue of $3.0 billion, a 4.4% increase year-over-year, with net income rising to $309 million, up 333.1% year-over-year [2][7] - Adjusted EBITDA for Q4 2024 was $289 million, reflecting a 12.5% year-over-year increase, while adjusted EPS reached $1.37, up 28.0% year-over-year [2][7] - For the full fiscal year 2024, Jacobs achieved revenue of $11.5 billion, a 6.0% increase year-over-year, with net income of $613 million, up 61.6% year-over-year [2][9] Strategic Outlook - The company anticipates strong demand in key markets such as Water and Environmental, Critical Infrastructure, and Life Sciences and Advanced Manufacturing, positioning itself for profitable growth in FY25 and beyond [1][2] - Jacobs' balance sheet remains robust post-separation, allowing for continued investment in organic growth, share repurchases, and dividend increases [2][4] - The company returned $545 million to shareholders in FY24 through dividends and share repurchases, demonstrating a commitment to returning free cash flow to investors [2][4]