Strong Revenue Growth
Third quarter revenues were $1.46 billion, up 23% year-over-year, with an internal growth rate of 13%.
Engineering Segment Expansion
Engineering segment net revenue increased by 36%, fueled by acquisitions and internal growth of 6%, with a significant presence in infrastructure and transportation.
Investment Management Performance
Assets under management reached $108 billion, a 10% increase from last year, with $9 billion in dry powder, indicating strong fundraising momentum and strategic acquisitions.
Resilient Real Estate Services
Real Estate Services segment revenues increased by 13%, with capital markets up 21% and leasing revenues up 14%, driven by strong performance in the U.S., U.K., Japan, and Canada.
Operational Leverage
Adjusted EBITDA was $191 million, a 24% increase from last year, demonstrating strong operating leverage with a segment net margin of 11.3%, up 180 basis points year-over-year.