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AECOM Earnings, Sales Increase in Q1; Raises Earnings Guidance for Fiscal 2021

05/10/2021 12:46

04:40 PM EDT, 05/10/2021 (MT Newswires) -- AECOM (ACM) reported fiscal Q2 adjusted earnings per share of $0.67, up from $0.55 a year ago.

Analysts polled by Capital IQ had expected earnings of $0.63 per share.

Sales rose to $3.27 billion from $3.25 billion a year earlier. Analysts surveyed by Capital IQ had projected revenue of $3.21 billion.

The company increased its diluted adjusted EPS guidance to between $2.65 and $2.85 for fiscal 2021 from estimates of $2.60 to $2.80 set out in Feb. 8 alongside fiscal Q1 earnings. That improvement compares with a full-year market projection compiled by Capital IQ of $2.72 per share.

It continues to expect adjusted EBITDA of between $790 million and $830 million, a reflect 9% growth at the mid-point from a year ago.

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