AECOM Clocks 2% Revenue Growth In Q4 - AECOM (NYSE:ACM)

AECOM ACM reported fourth-quarter revenue growth of 2% year-over-year to $3.43 billion, missing the consensus of $3.52 billion.
Net Service Revenue (NSR) increased by 3.3% Y/Y to $1.59 billion.
AECOM Americas' gross margin contracted 50 bps to 6.3%. The International gross margin improved by 90 bps to 6.4%.
Segment-adjusted operating margin (NSR) was 14.6%.
Adjusted EPS of $0.89 beat the consensus of $0.82.
Full-year adjusted EBITDA increased by 9% Y/Y.
Total backlog in the design business increased by 8%, including a 1.2 book-to-burn ratio in the Americas' design business in Q4.
FY23 Outlook: AECOM sees adjusted EPS of $3.55 - $3.75 versus the consensus of $3.65.
FY24 Outlook: AECOM reiterated FY24 adjusted EPS of $4.75+.
Price Action: ACM shares closed lower by 1.07% at $77.65 on Friday.
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