AECOM Non-GAAP EPS of $1.29 beats by $0.13, revenue of $3.83B beats by $300M

Fiscal 2026 and long-term financial guidance

• The company raised its fiscal 2026 earnings guidance, which reflects the outperformance delivered in the design business in the first quarter, the benefits of our capital allocation strategy, a lower than previously expected tax rate, and a record backlog and pipeline across the enterprise, which creates strong full year visibility.
• As a result, the Company’s guidance, which includes the Construction Management business, now includes expectations for:
• • Adjusted EPS of between $5.85 and $6.05, as compared to $5.65 to $5.85 previously.
  • Adjusted EBITDA of between $1,270 million and $1,305 million, as compared to $1,265 million and $1,305 million previously.
  • Organic NSR growth of 6% to 8%, which excludes the expected approximately 200 basis point impact of fewer working days in fiscal 2026.
  • A segment adjusted operating margin of 16.8% and an adjusted EBITDA⁶ margin of 17.0%, which are materially consistent with prior expectations.
  • Free cash flow of approximately $400 million.
  • An average fully diluted share count of 131 million, which does not include any potential future benefits from capital allocation actions not yet taken, including potential repurchases.
  • An adjusted effective tax rate of approximately 20 – 22%, as compared to 22 – 23% previously.