Amentum Stock Drops on Expected Winding Down of Government Programs

Core Insights - Amentum Holdings experienced a decline in share value following executives' comments regarding fiscal 2025 growth being impacted by the winding down of certain government programs [1][2][4] - The company reported a fourth-quarter profit with earnings per share (EPS) of $0.28, a recovery from a loss of$0.07 per share a year prior, and a revenue increase of 3.5% year-over-year to $2.21 billion [3] - Amentum's full-year guidance remains affirmed, with an adjusted EPS estimate for fiscal 2025 projected between$2.00 and $2.20 [3] Company Developments - Amentum recently joined the S&P 500 Index on September 30 after being spun off from Jacobs Solutions, but will be moved to the S&P SmallCap 600 Index effective December 23 [5] - Since the spinoff, Amentum's shares have decreased by 28% [6]