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AECOM Reports First Quarter Fiscal Year 2020 Results

Infra News - Published on Fri, 14 Feb 2020

Image Source: AECOM
AECOM has reported first quarter fiscal year 2020 results. AECOM’s chairman and chief executive officer Michael S Burke said “The strategic actions we have taken and continue to take to simplify our operating structure and transform into a higher-returning and lower-risk Professional Services business have delivered a substantial increase in shareholder value. I am proud of the many successes we have achieved as an organization over the last several years and AECOM is better positioned than ever to continue this momentum into the future.”

First Quarter Accomplishments

Revenue was USD 3.2 billion, and net service revenue increased by 1% on an organic basis, reflecting growth in the Americas segment and stable performance in the International segment.

Net income was USD 31 million

Adjusted EBITDA increased by 27% over the prior year to USD 173 million, reflecting the benefits of the Company’s strategic actions that focused on increasing profitability and margins and capitalizing on a near-record level of backlog.

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Posted By : Yogender Pancholi on Fri, 14 Feb 2020
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