AECOM Reports First Quarter FY2023 Earnings Results Ahead of 2022 Deadline
March 5, 2023
Earnings report
On December 31, 2022, AECOM ($NYSE:ACM) reported its earnings results for the first quarter of FY2023, ending February 6, 2023. The results were ahead of the 2022 deadline and showed impressive growth compared to the same quarter the previous year. AECOM achieved total revenue of USD 87.9 million, a 42.9% year-over-year increase.
Additionally, it reported net income of USD 3382.4 million, a 3.5% year-over-year increase. This demonstrates that despite the current challenging economic climate, AECOM has continued to show growth in both revenue and income. It is clear that the company is on track for a successful financial year.
Market Price
AECOM reported its first quarter earnings for the fiscal year 2023 on Monday, with the stock opening at $87.4 and closing at $88.2, representing a 0.7% increase from the prior closing price of 87.6. This is encouraging news for AECOM, as industry analysts believe the company should be able to meet its 2022 deadline despite challenging current market conditions. The earnings report showed AECOM’s profitability was mainly driven by strong growth in government projects and international project awards. AECOM is also taking steps to improve its efficiency and reduce costs, as evidenced by its recent restructuring actions. The company has invested in new technology and infrastructure, allowing it to quickly adapt to changing customer needs.
This should help AECOM meet its 2022 deadline with confidence. Overall, AECOM’s quarterly earnings report is an encouraging sign for investors and the industry at large. With the stock continuing to creep higher and its international project awards and government projects divisions continuing to grow, it looks like AECOM is on track to meet its 2022 deadline. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aecom. More…
| Total Revenues | Net Income | Net Margin |
| 13.26k | 337.01 | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aecom. More…
| Operations | Investing | Financing |
| 713.64 | -175.03 | -588.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aecom. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.41k | 8.85k | 17.82 |
Key Ratios Snapshot
Some of the financial key ratios for Aecom are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -12.9% | 0.8% | 4.9% |
| FCF Margin | ROE | ROA |
| 4.3% | 16.4% | 3.6% |
Analysis
As GoodWhale, we conducted an analysis of AECOM‘s fundamentals and according to Star Chart AECOM is strong in asset, medium in dividend, profitability and weak in growth. This classifies AECOM as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Based on our findings, this type of company can be very attractive for investors who are looking for a steady stream of income from dividends. Moreover, AECOM has a high health score of 8/10 with regard to its cashflows and debt, which makes it very well-positioned to safely ride out any crisis without the risk of bankruptcy. Therefore, these investors looking for dividend income as well as stability in their investments might be interested in AECOM. More…
Peers
The company’s competitors include Vinci SA, Jacobs Engineering Group Inc, and KEC International Ltd.
– Vinci SA ($LTS:0NQM)
Vinci SA is a French concessions and construction company. The company has a market capitalization of 48.68 billion as of 2022 and a return on equity of 16.12%. The company’s main businesses are in the construction and operation of infrastructure assets, including airports, motorways, railways, and bridges. The company also has concession businesses in the healthcare and energy sectors.
– Jacobs Engineering Group Inc ($NYSE:J)
As of 2022, Jacobs Engineering Group Inc has a market cap of 14.42B and ROE of 8.89%. The company is a leading provider of engineering, technical, and construction services. It has a diversified client base that includes government, commercial, and industrial clients. The company has a strong history of delivering quality projects on time and within budget.
– KEC International Ltd ($BSE:532714)
KEC International Ltd is an infrastructure engineering company. It operates in the following business segments: Power Transmission, Railways, Cables, Transformers, Civil, Water, and Defence. The company has a market cap of 109.13B as of 2022 and a Return on Equity of 12.5%. KEC International Ltd is a leading infrastructure engineering company with a strong presence in India and a growing international footprint. The company’s extensive product and services portfolio includes power transmission, railways, cables, transformers, civil, water, and defence. KEC International Ltd is well-positioned to benefit from the growing demand for infrastructure development in India and across the globe.
Summary
AECOM is a global leader in engineering and construction services, and reported strong financials in the latest quarter. The company generated total revenue of $87.9 million, a 42.9% year-over-year increase, and reported net income of $3382.4 million, a 3.5% year-over-year increase. These impressive numbers show investors that the company is well-positioned to keep growing and delivering superior returns. In addition, AECOM’s diversified business portfolio and global presence make it an attractive option for investors looking for stable and long-term growth.
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