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]