NYSE$ACM

AECOM · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

AECOM reported fourth quarter and full year fiscal 2021 results, demonstrating accelerating NSR growth, record operating margins, and double-digit earnings growth.

AECOM's fiscal 2021 results showcased accelerating NSR growth, record operating margins, and double-digit earnings growth. The company increased its fiscal 2024 adjusted EPS target and expressed confidence in delivering against its 17% margin target over time.

  • Net service revenue (NSR) increased 6.5% in the Americas and International segments, marking a third consecutive quarter of accelerating growth.
  • Construction Management contracted backlog increased 21%, driven by the advancement of a large project.
  • The fourth quarter adjusted operating margin on an NSR basis of 19.8% reflected a 290 basis point increase over the prior year and marks a quarterly record.
  • AECOM published its first global ESG report, highlighting progress towards its sustainability goals.

Headline financials

Total Revenue

$3.35B

Previous: $3.57B-6.0%
EPS (adj)

$0.81

Previous: $0.60+35.0%
Capital Expenditures

$23.7M

Previous: $31.3M-24.5%
Free Cash Flow

$294M

Previous: $619M-52.4%
Net Income

-$5M

Previous: -$158M+96.8%
Operating Income

$222M

Previous: $204M+8.8%
Gross Profit

$217M

Previous: $190M+14.4%
Cash & Equivalents

$1.2B

Previous: $1.8B-33.3%
Total Assets

$11.7B

Previous: $19.8B-40.8%
Stock-Based Comp

$8.53M

Previous: $17.2M-50.4%

Revenue & EPS history

AECOM · Revenue · Quarterly

$3.35B

Q4 2021-6%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

AECOM · $3.37B total across 2 segments · Q4 2021

  • Americas
    $2.6B-3.7%
  • International
    $771M-7.2%

Forward guidance

AECOM expects accelerating revenue growth in fiscal 2022 and continued margin, adjusted EBITDA and adjusted EPS growth. The company has increased its fiscal 2024 adjusted EPS target and has increased confidence to deliver against its 17% margin target over time.

Tailwinds

  • Accelerating revenue growth in fiscal 2022
  • Continued margin growth
  • Continued adjusted EBITDA growth
  • Continued adjusted EPS growth
  • Increased fiscal 2024 adjusted EPS target

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 2021

Historical avgQ4 2021

-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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