Core Insights - Amentum reported strong financial results for the fourth quarter and fiscal year 2025, with annual revenues of $14.4 billion, reflecting a 4% growth on a pro forma basis, and a net income of $66 million [1][2][3] Financial Performance - Annual revenues reached $14.4 billion, a 4% increase on a pro forma basis, and a 72% increase year-over-year [3][4] - Annual net income was $66 million, compared to a net loss of $82 million in the previous year, marking a 180% improvement [3][4] - Annual adjusted EBITDA was $1,104 million, up 5% from $1,049 million in the previous year [3][4] - Annual diluted earnings per share were $0.27, compared to a loss of $0.90 in the previous year [3][4] Cash Flow and Debt Management - Operating cash flow for the year was $543 million, with free cash flow of $516 million [1][3] - The company reduced net debt to $3.6 billion and net leverage to 3.2x [1][3] Backlog and Contract Awards - Amentum's backlog stood at $47 billion, with a book-to-bill ratio of 1.2x for the full year and 1.6x for the fourth quarter [1][9] - Notable contract awards included a $4 billion contract from the U.S. Space Force and over $1.8 billion from Sellafield for decommissioning solutions [13] Segment Performance - Digital Solutions revenues increased by 11% in Q4 and 7% for the full year, driven by new contract awards [6][7] - Global Engineering Solutions revenues grew by 9% in Q4 and 2% for the full year, supported by new contract awards and growth on existing programs [6][7] Guidance for Fiscal Year 2026 - Amentum provided guidance for fiscal year 2026, projecting revenues between $13,950 million and $14,300 million, with an implied growth of approximately 3% [9] - Adjusted EBITDA is expected to be between $1,100 million and $1,140 million, indicating a growth of around 5% [9]