Record-Breaking Financial Performance
AECOM achieved record levels for NSR, margins, EBITDA, EPS, backlog, and pipeline. Adjusted EBITDA and EPS increased by 10% and 16%, respectively, with a free cash flow increase of 27% year-to-date.
Strong Organic Growth and Market Trends
Organic NSR growth accelerated to 6%, driven by 8% growth in the Americas. The backlog increased to a new all-time high, driven by a 19th consecutive quarter with a book-to-burn ratio above 1.
Increased Financial Guidance
AECOM raised its annual financial guidance for the third consecutive time, expecting full-year adjusted EBITDA and EPS to increase by 10% and 16%.
Successful Strategic Investments
Investments in organic growth initiatives, technical capabilities, and business development led to a 17.1% segment adjusted operating margin, a new record and a 90 basis point improvement over the prior year.
High Market Demand and Pipeline Growth
The pipeline achieved a new all-time high for the fifth consecutive quarter, with strong growth in early stages indicating robust future market conditions.
Expansion in Advisory Business
The advisory business grew at a double-digit pace, with a target to double its NSR to $400 million within 3 years.