ACM is undergoing an AI-driven transformation, which is expected to enable growth without adding headcount, reduce design time from months to weeks, and cut material costs by 10% to 20%. This initiative aims to significantly expand operating leverage from a historical 10-20% to 30%, 60%, or 80%.
The company initiated FY26 guidance for Holdco, expecting 79% respectively on adjusted EBITDA and EPS. Long-term targets include achieving margins of over 20% and an EPS CAGR of over 15%, with a goal of 20%+ margin by FY28.
ACM has expanded its program management business to over $1.3 billion in four years and is developing an advisory business to increase its addressable market spend with existing clients from 15% to 35%.
The capital allocation strategy remains unchanged, with proceeds from the Centimeters business monetization anticipated to be used for share repurchases, aiming for a net neutral EPS impact after the sale and utilization of proceeds.

1 day ago

Transcript

AECOM Outlines AI-Driven Strategy and Financial Targets, Considers CM Business Sale

ACM

Guidance Update

New Projects/Investments

M&A

AECOM reported strong fiscal year 2025 results, including delivering over $500 million in capital to shareholders through dividends and stock repurchases, and building a record backlog for fiscal year 2026.
The company initiated 7%-9% EBITDA and EPS growth guidance for 2026 and raised its long-term margin guidance to over 20%.
AECOM is undertaking a strategic review, including a potential sale, of its construction management business to focus on higher-returning design, consulting, and advisory segments, and AI transformation.
Significant investments in AI are expected to transform operating leverage, enable growth without increasing headcount, reduce constructible costs by 10-20%, and drive an expected EPS CAGR of over 15%.
The advisory business is projected to scale from $200 million to $400 million in Net Service Revenue (NSR) by fiscal year 2028.

1 day ago

Transcript

AECOM Reports Strong FY2025 Results, Initiates Strategic Review of Construction Management Business, and Raises Long-Term Guidance

ACM

Guidance Update

New Projects/Investments

M&A

AECOM reported a strong fiscal year 2025, having raised guidance three times and delivered over $500 million in capital to shareholders through dividends and stock repurchases.
The company announced a strategic review of its Construction Management business, aiming to reallocate resources to higher-returning opportunities in its design, consulting, advisory, and AI transformation initiatives.
AECOM has raised its long-term margin guidance to over 20% and anticipates an EPS CAGR of over 15%, driven by the expansion of its Advisory business and the transformative impact of AI.
Significant investments in AI are expected to change the operating leverage paradigm, enabling growth without additional headcount and potentially reducing design material costs by 10%-20%.

1 day ago

Transcript

ACM Raises Long-Term Financial Targets and Evaluates Strategic Alternatives for Construction Management Business

ACM

Guidance Update

M&A

Dividends

AECOM exceeded its previously increased earnings guidance mid-points and delivered on its long-term 17%+ margin guidance five quarters early in Q3'25, exiting FY'25 with a record backlog.
The company announced new, higher financial targets for FY'26-FY'29, including +5-8% Organic Net Service Revenue (NSR) growth CAGR, 20%+ Segment Adjusted Operating / Adjusted EBITDA Margin (exit rate by FY'28), and 15%+ Adjusted EPS and Free Cash Flow per Share Growth CAGR (excluding Construction Management).
AECOM is evaluating strategic alternatives for its Construction Management business, including a possible sale, with the expectation that it will be classified as held for sale and reported as discontinued operations starting Q1'26.
For FY'26, the company provided guidance for continuing operations (excluding Construction Management), expecting Net Service Revenue of $7.2 - $7.4 billion and Adjusted EPS of $5.15 - $5.35.
The company also announced a 19% increase to its quarterly dividend and has repurchased $2.6 billion in stock since September 2020.

1 day ago

Presentation

AECOM Announces Strong FY2025 Results, Strategic Review of Construction Management Business, and AI-Driven Growth Targets

ACM

Guidance Update

M&A

New Projects/Investments

AECOM reported a strong fourth quarter and fiscal 2025, having raised guidance three times and beaten it, while also delivering over $500 million in capital to shareholders through dividends and stock repurchases.
The company is undertaking a strategic process to evaluate alternatives for its construction management business, aiming to focus on its higher-returning design, consulting, and advisory businesses. The advisory business is projected to grow from $200 million to $400 million in Net Service Revenue (NSR) by FY2028.
AECOM has been investing in AI for two years, anticipating a transformation of its operating leverage from 15% to 80% of its cost structure by enabling growth without increased headcount. This AI integration is expected to reduce design time from months to weeks and decrease material/cost by 10-20% for clients.
For 2026, AECOM initiated guidance expecting EBITDA and EPS to grow at 7% and 9% respectively, and raised its long-term margin guidance to over 20%, projecting an EPS CAGR of over 15%.

1 day ago

Transcript

AECOM Raises Financial Targets and Reports Strong Fiscal 2025 Results

ACM

Guidance Update

New Projects/Investments

Share Buyback

AECOM has raised its financial targets, aiming for segment-adjusted operating and adjusted EBITDA margins exceeding 20% by fiscal 2028, and projects a compound annual growth rate in adjusted EPS of over 15% from 2026 to 2029.
The company reported record full-year adjusted EBITDA and EPS increases of 10% and 16%, respectively, for fiscal 2025, achieving a 17%+ operating margin ahead of schedule.
Strategic initiatives include expanding its Advisory business to generate $400 million in annual net service revenue within three years and investing in proprietary AI technology.
AECOM has demonstrated a strong capital allocation policy, returning over $3 billion to shareholders since September 2020, including nearly $500 million in fiscal 2025, and maintaining a book-to-burn ratio above 1.0 for 20 consecutive quarters.

1 day ago

Morningstar

AECOM Reports Q4 and Full Year Fiscal 2025 Results, Raises Financial Targets, and Announces Strategic Review

ACM

Earnings

Guidance Update

M&A

AECOM reported full year fiscal 2025 diluted earnings per share (EPS) of $4.79, a 29% increase from the prior year, and adjusted EPS of $5.26, a 16% increase. The company also achieved a record full year segment adjusted operating margin of 16.5% and generated $685 million in free cash flow.
The company announced increased long-term financial targets, including a 20%+ segment adjusted operating margin and adjusted EBITDA margin exit rate by fiscal 2028, and an adjusted EPS compound annual growth rate (CAGR) of 15%+ for fiscal 2026 through 2029.
AECOM initiated a review of strategic alternatives for its Construction Management business, including a possible sale, with the business expected to be classified as held for sale and reported in discontinued operations starting in the first quarter of fiscal 2026.
The Board of Directors approved a 19% increase to the quarterly dividend, raising it to $0.31 per share.
For fiscal year 2026, AECOM provided guidance for its continuing design and consulting business, expecting adjusted EPS between $5.15 and $5.35 and adjusted EBITDA between $1,180 million and $1,220 million.

1 day ago

8-K

ACM Reports Record FY25 Results and Provides Strong FY26 Guidance

ACM

Earnings

Guidance Update

Share Buyback

ACM achieved record financial results for fiscal year 2025, with Net Service Revenue of $7,573 million, a Segment Adjusted Operating Margin of 16.5%, and Adjusted EPS of $5.26. The company also reported a record total backlog of $24.8 billion, growing 4% year-over-year.
The company demonstrated strong capital allocation, returning nearly $500 million to shareholders through repurchases and dividends in FY25, including nearly $300 million in Q4. Since September 2020, ACM has returned over $3.0 billion to shareholders. Additionally, ACM generated $685 million in free cash flow for the full year and increased its per share dividend by 19%.
For fiscal year 2026, ACM initiated guidance for continued strong performance, expecting enterprise-wide Adjusted EBITDA between $1,265 million and $1,305 million and Adjusted EPS between $5.65 and $5.85.

1 day ago

Presentation

NANO Nuclear Energy Commences KRONOS MMR Prototype Project and Announces Potential Customer Interest

ACM

New Projects/Investments

Product Launch

NANO Nuclear Energy Inc. initiated site-characterization drilling for its KRONOS MMR™ Energy System prototype project at the University of Illinois Urbana-Champaign on October 24, 2025.
BaRupOn LLC, a potential customer, announced a feasibility study to explore deploying up to 15 KRONOS MMR™ microreactors for its 700-acre advanced manufacturing and AI-data-center project near Houston, Texas, which requires over 1 gigawatt of power.
NANO Nuclear's Founder, Chairman, and President, Jay Yu, highlighted that the KRONOS MMR™ design had $120 million and nearly a decade of R&D invested by its prior developer, and the company has raised over $600 million since May 2024.

Oct 29, 2025, 12:00 PM

Press Release

NANO Nuclear Energy Finalizes Acquisition of Global First Power

ACM

M&A

New Projects/Investments

NANO Nuclear Energy Inc. finalized the acquisition of Global First Power Limited (GFPL) from affiliates of Ultra Safe Nuclear Corporation (USNC) on October 22, 2025.
This acquisition grants NANO Nuclear direct ownership of the regulatory licensing application with the Canadian Nuclear Safety Commission (CNSC) for a KRONOS MMR™ Energy System demonstration project in Ontario, Canada.
The move positions NANO Nuclear as a leading North American microreactor developer, pursuing concurrent construction and licensing programs in both the U.S. and Canada.
As consideration for the acquisition, NANO Nuclear assumed an approximately $640,000 liability owed by GFPL to the CNSC.

Oct 22, 2025, 12:00 PM

Press Release

Filings & Transcripts

View All Documents

Recent SEC filings and earnings call transcripts for ACM.

No recent filings or transcripts found for ACM.