AECOM Reports Third Quarter Fiscal Year 2023 Earnings Results on June 30, 2023
August 18, 2023
🌥️Earnings Overview
AECOM ($NYSE:ACM) announced its earnings results for the third quarter of fiscal year 2023 on June 30 2023, with total revenue of USD 3663.6 million, a 13.0% year-over-year increase. Reported net income was USD -134.7 million, as compared to the previous year’s figure of USD 101.9 million.
Share Price
The stock opened at $86.8 and closed at $87.0, representing a 0.6% increase from the previous closing price of 86.5. The release of the earnings report was met with positive sentiment from investors, as the results were in line with expectations. This represented strong year-over-year growth compared to the same period last year and bodes well for the company’s future financial performance. AECOM‘s financials were bolstered by robust demand for its services among government and private sector clients. This was supported by strong operational performance and ongoing cost management strategies.
The company’s strong performance in the third quarter is a testament to its ability to deliver on its strategic objectives despite a challenging economic climate. With its solid financial position and excellent track record, AECOM looks well positioned to continue delivering strong returns in the coming quarters. 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 |
| 13.96k | 135.48 | 1.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aecom. 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. 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. 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
At GoodWhale, we have been analyzing the financials of AECOM and have come to the conclusion that it is a medium risk investment when it comes to financial and business aspects. Our Risk Rating system has flagged AECOM as a medium risk, meaning that while there is moderate risk associated with this investment, the potential benefits can outweigh them in the long run. In examining AECOM’s income sheet and balance sheet, we have detected two risk warnings which may be cause for concern. We suggest that potential investors register with GoodWhale to get detailed information on these risk warnings before making any decisions on the investment. With the right knowledge, investors can make informed decisions on how to proceed with their investments. 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 reported strong financial results for the third quarter of FY 2023, with total revenue growing 13.0% to USD 3663.6 million and net income dropping to USD -134.7 million from the previous year’s figure of USD 101.9 million. Investors have responded positively to AECOM’s performance, with the recent rally in its stock price reflecting increased investor confidence in the company’s long-term prospects. Looking forward, AECOM is set to benefit from improving economic conditions and expanding global infrastructure demand, which should drive further growth in the future.
Related Posts
Recent Posts
