AECOM reported third-quarter revenue of $4.5 billion today.

Financial Highlights

  • Wins of $4.8 billion driven by a book-to-burn ratio1 of 1.5 in Americas design business.
  • Free cash flow3 of $150 million; YTD free cash flow of $427 million.
  • Company affirms 2015 to 2017 annual $600 million to $800 million free cash flow target.
  • Q3 debt reduction of $95 million; $550 million in FY15 since the close of the transaction.
  • Adjusted EPS2 of $0.74; solid performance offset by $0.09 lower-than-expected benefit from non-cash normal profit.
  • On track to achieve full-year synergy savings run-rate of $180 million.
  • Company adjusts fiscal year 2015 adjusted EPS2 guidance to $3.05 to $3.45 to reflect lower non-cash normal profit.