AECOM Reports Third-Quarter Earnings Results for 2023 Fiscal Year
August 15, 2023
🌥️Earnings Overview
On August 7, 2023, AECOM ($NYSE:ACM) released its third-quarter financial results for the fiscal year of 2023. The total revenue reported was USD 3663.6 million, a 13.0% growth from the same period of the previous year. Net income was recorded at USD -134.7 million, a drop from the USD 101.9 million of the prior year.
Price History
The company opened its stock at $86.8 and closed at $87.0, representing a 0.6% increase from the previous closing price of 86.5. This is the second consecutive quarter that AECOM has seen positive stock performance. The company attributed its strong performance to the growing demand for its services in certain markets, including infrastructure and defense.
Overall, AECOM’s third-quarter earnings results demonstrate the company’s commitment to providing quality services and delivering strong financial performance. With the increasing demand for its services, AECOM is well-positioned to continue its positive momentum for the remainder of the 2023 fiscal year and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aecom. AECOM_Reports_Third-Quarter_Earnings_Results_for_2023_Fiscal_Year”>More…
| Total Revenues | Net Income | Net Margin |
| 13.96k | 135.48 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aecom. AECOM_Reports_Third-Quarter_Earnings_Results_for_2023_Fiscal_Year”>More…
| Operations | Investing | Financing |
| 651.86 | -175.03 | -588.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aecom. AECOM_Reports_Third-Quarter_Earnings_Results_for_2023_Fiscal_Year”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.43k | 8.97k | 18.66 |
Key Ratios Snapshot
Some of the financial key ratios for Aecom are shown below. AECOM_Reports_Third-Quarter_Earnings_Results_for_2023_Fiscal_Year”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -10.9% | 1.0% | 3.3% |
| FCF Margin | ROE | ROA |
| 3.5% | 11.1% | 2.5% |
Analysis
We at GoodWhale have recently completed an analysis of AECOM‘s financials. The results of the analysis show that AECOM has a high health score of 8/10 with regard to both its cash flows and debt, meaning that the company is in a strong position to ride out any economic crisis without the risk of bankruptcy. Additionally, AECOM is strong in asset, dividend, growth, and profitability, and is classified as a “cow”, a type of company with a track record of paying out consistent and sustainable dividends. These factors make AECOM an attractive investment option for a variety of investors, from those looking for long-term stability to those hoping to benefit from high returns. Its strong financials and track record of dividend payments make it a reliable investment option for those with a low appetite for risk, while its potential for growth and profitability make it an attractive option for those with more ambitious goals. 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 released their third-quarter earnings for fiscal year 2023 on August 7, 2023. Total revenue increased by 13.0% to USD 3663.6 million compared to the same period last year. Net income was down to USD -134.7 million, from the previous year’s USD 101.9 million. Investors should consider the company’s performance over the last year and use this as a benchmark for future performance. Analyzing AECOM’s quarterly financials can provide a deeper insight into the company’s operations and financial position.
Additionally, investors should consider evaluating competitors to determine how AECOM stacks up in the industry. Factors such as debt, liquidity, and cash flow should also be analyzed when researching AECOM as a potential investment.
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