Record Backlog and Pipeline
Backlog increased quarter-over-quarter to a new record, driven by a 1.1 times book-to-burn ratio. The pipeline of opportunities is also at a record level, supporting continued growth in largest markets.
Strong Financial Performance
Record second quarter net service revenue, margins, and EPS. Adjusted EBITDA increased by 8% to $290 million, and adjusted EPS increased by 20% to $1.25.
Significant Cash Flow Increase
Free cash flow increased by 141% to $178 million. Returned $110 million to shareholders during the quarter through share repurchases and dividends.
Industry Recognition and Olympic Project
AECOM moved up in the E&R annual survey and was appointed as the sole venue infrastructure partner for the LA 2028 Olympic and Paralympic Games.
Strong Performance in Americas
NSR growth highest in Americas, with adjusted operating margin increasing by 130 basis points to 19.4%, setting a new second quarter high.