Financial Data and Key Metrics Changes - Adjusted EPS grew over 22% to 1.43,supportedbysolidyear−over−yearmarginexpansion[7][21]−Adjustednetrevenueroseover3287 million, representing an 8% year-over-year increase [11][20] - Backlog grew 20% to more than 22billion,anewrecord[7][21]BusinessLineDataandKeyMetricsChanges−PAConsulting′srevenuegrowthinflectedpositively,reachingmid−singledigitsanddrivingdouble−digitoperatingprofitgrowth[7]−AdjustednetrevenuegrowthforWaterandEnvironmentalwas2351 million in share repurchases [28] - A dividend of $0.32 per share was declared, representing a 10% year-over-year growth [29] - The company is on track to potentially return more than 100% of adjusted free cash flow in fiscal year 2025, excluding the distribution of Momentum shares [30] Q&A Session Summary Question: Can you quantify the reserve for the JV matter and discuss customer spending visibility? - Management indicated that while the procurement cycle is extending, there are no broad cancellations or delays in execution [37] Question: What are the regional dynamics, particularly in PA and the UK? - PA is experiencing strong growth, particularly in defense and security, while the UK business is rebounding with solid performance in transportation and water [41][42] Question: How is the company addressing rising construction costs? - The company is working with clients on supply chain scenario planning and value engineering opportunities due to rising costs [66][68] Question: Is there potential for stimulus spending from government customers? - Some programs that were paused are now resuming, particularly in federal infrastructure [72] Question: What is the outlook for margins and utilization rates? - Utilization rates have improved and are on par with previous years, with expectations for margin improvements in Q3 and Q4 [55][107]