NYSE$ACM

AECOM · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported fourth quarter and full year fiscal 2020 results.

AECOM reported strong EBITDA growth and free cash flow, contributing to substantial debt reduction and the commencement of share repurchases. The company remains focused on margin improvement and returning cash to investors through share repurchases.

  • Full year wins of $18.2 billion resulted in a book-to-burn ratio of 1.3, highlighted by a 1.4 book-to-burn ratio in the Americas segment.
  • Total backlog increased by 13% over the prior year to $41.2 billion.
  • Americas revenue in the fourth quarter was $2.7 billion, a 2% increase from the prior year.
  • Operating cash flow for the fourth quarter was $649 million and free cash flow was $619 million.

Headline financials

Total Revenue

$3.57B

Previous: $5.12B-30.2%
EPS (adj)

$0.60

Previous: $0.79-24.1%
Capital Expenditures

$31.3M

Previous: $23.3M+34.4%
Free Cash Flow

$619M

Previous: $770M-19.7%
Net Income

-$158M

Previous: -$474M+66.7%
Operating Income

$204M

Previous: -$420M+148.6%
Gross Profit

$190M

Previous: $238M-20.3%
Cash & Equivalents

$1.8B

Previous: $886M+103.2%
Total Assets

$19.8B

Previous: $14.6B+36.2%
Stock-Based Comp

$17.2M

Previous: $16.4M+5.1%

Revenue & EPS history

AECOM · Revenue · Quarterly

$3.57B

Q4 2020-30.2%vs Q4 2019
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

AECOM · $3.54B total across 3 segments · Q4 2020

  • Americas
    $2.7B+0.0%
  • International
    $831M
  • AECOM Capital
    $5.6M

Forward guidance

AECOM expects to incur restructuring expenses in fiscal 2021 of between $30 million and $50 million, which will be excluded from the Company’s adjusted results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.2%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+0.8%

Avg return

30 days after

50%

34 / 68 earnings

Positive

+16.9%

Q4 2016

Best reaction

-16.9%

Q2 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+0.3%-10.3%-12.6%
Q1 2026+1.1%-14.0%-12.6%
Q4 2025-3.7%-21.5%-26.2%
Q2 2025+0.7%+2.4%+8.3%
Q1 2025+0.3%+3.2%-6.9%
Q4 2024+1.8%+8.8%+0.0%
Q3 2024+3.2%+9.5%+9.3%
Q2 2024-1.7%-1.8%-8.9%
Q1 2024-1.8%-0.8%-0.9%
Q4 2023+7.6%+8.3%+15.4%
Q3 2023-1.3%+2.2%-1.2%
Q2 2023-4.2%-6.6%-0.7%
Q1 2023+3.4%+2.5%+1.7%
Q4 2022+2.8%+2.9%+9.5%
Q3 2022+1.8%+7.0%+3.1%
Q2 2022-7.5%-6.5%-0.4%
Q1 2022+5.6%+4.6%+6.9%
Q4 2021+3.5%+3.2%+5.6%
Q3 2021-0.5%+1.7%+4.7%
Q2 2021-0.7%-3.3%-6.7%
Q1 2021-1.6%+3.0%+11.8%
Q4 2020+0.8%+1.5%-4.2%
Q3 2020+4.2%+3.4%+1.9%
Q2 2020+3.0%+5.1%+28.3%
Q1 2020-1.6%-2.3%+3.6%
Q4 2019-1.8%+0.4%+0.8%
Q3 2019+0.1%+1.4%+10.9%
Q2 2019+2.3%-0.5%+1.1%
Q1 2019-3.1%-7.2%-2.8%
Q4 2018-3.9%+0.7%-12.4%
Q3 2018-1.1%-2.0%-3.8%
Q2 2018-0.7%-3.7%-0.9%
Q1 2018+1.6%-3.5%+1.4%
Q4 2017-3.9%-2.4%+7.6%
Q3 2017+5.4%+3.0%+6.1%
Q2 2017+0.3%-3.3%-2.1%
Q1 2017-0.3%+3.4%-5.5%
Q4 2016+16.9%+13.9%+18.3%
Q3 2016-1.9%-2.5%-14.9%
Q2 2016+3.6%
Q1 2016-1.1%
Q4 2015+3.6%
Q3 2015-5.5%
Q2 2015+4.5%
Q1 2015-2.1%
Q4 2014-1.7%
Q3 2014+0.1%
Q2 2014-2.2%
Q1 2014+1.5%
Q4 2013-7.5%
Q3 2013-16.2%
Q2 2013+0.8%
Q1 2013+9.7%
Q4 2012-11.2%
Q3 2012+16.6%
Q2 2012-16.9%
Q1 2012-3.5%
Q4 2011-2.8%
Q3 2011-15.4%
Q2 2011+0.2%
Q1 2010-2.9%
Q1 2011+0.7%
Q2 2010-2.6%
Q4 2010-2.6%
Q4 2008-2.6%
Q4 2009+5.1%
Q3 2010+5.1%
Q3 2009+5.1%

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