false
0000868857
0000868857
2024-02-05
2024-02-05
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION
13 OR 15(d) OF THE
SECURITIES EXCHANGE
ACT OF 1934
Date of Report (Date of earliest event reported):
February 5, 2024
AECOM
(Exact name of Registrant as specified in its charter)
Delaware |
|
0-52423 |
|
61-1088522 |
(State or Other Jurisdiction |
|
(Commission |
|
(I.R.S. Employer |
of Incorporation) |
|
File Number) |
|
Identification No.) |
13355 Noel Road |
|
|
Dallas, Texas
75240 |
|
75240 |
(Address of Principal
Executive Offices) |
|
(Zip
Code) |
Registrant’s telephone number, including
area code: (972) 788-1000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions ( see General Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-(b) under the Exchange
Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered
pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Stock, $0.01 par value |
|
ACM |
|
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
Growth Company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ¨
Item 2.02 Results of Operations and Financial Condition.
On February 5, 2024, AECOM issued a press release announcing its
financial results for the quarter ended December 31, 2023. A copy of the press release is attached to this report as Exhibit 99.1.
Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
AECOM reports its results of operations based on 52 or 53-week periods
ending on the Friday nearest September 30, December 31, March 31, and June 30. For clarity of presentation, all periods
are presented as if the periods ended on September 30, December 31, March 31, and June 30.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned thereto duly authorized.
|
AECOM |
|
|
Dated: February 5, 2024 |
By: |
/s/ David Y. Gan |
|
|
David Y. Gan |
|
|
Executive Vice President, Chief Legal Officer |
Exhibit 99.1
Press Release
|
Investor
Contact:
Will Gabrielski
Senior Vice President, Finance,
Treasurer
213.593.8208
William.Gabrielski@aecom.com |
Media
Contact:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
213.996.2367
Brendan.Ranson-Walsh@aecom.com |
AECOM
reports first quarter fiscal 2024 results
| · | First
quarter performance exceeded the Company’s expectations |
| · | FY’24
financial guidance reiterated, highlighted by 20% adjusted EPS growth at the mid-point |
| · | Design
backlog increased by 9% to a record high, including all-time highs across the largest markets |
| · | Segment
adjusted operating margin set a first quarter record, driven by high-returning organic NSR
growth |
| · | Strong
cash flow enabled nearly $100 million of capital returns to shareholders |
DALLAS (February 5, 2024)
— AECOM (NYSE:ACM), the world’s trusted infrastructure consulting firm, today reported first quarter fiscal 2024 results.
| |
First
Quarter Fiscal 2024 | |
(from
Continuing Operations; $
in millions, except EPS) | |
As
Reported | | |
Adjusted1 (Non-GAAP) | | |
As
Reported
YoY %
Change | | |
Adjusted
YoY %
Change | |
Revenue | |
$ | 3,900 | | |
| -- | | |
| 15 | % | |
| -- | |
Net
Service Revenue (NSR)2 | |
| -- | | |
$ | 1,708 | | |
| -- | | |
| 7 | % |
Operating Income | |
$ | 163 | | |
$ | 223 | | |
| 7 | % | |
| 17 | % |
Segment
Operating Margin3 (NSR) | |
| -- | | |
| 15.0 | % | |
| -- | | |
| +100 | bps |
Net Income | |
$ | 97 | | |
$ | 144 | | |
| 11 | % | |
| 22 | % |
EPS (Fully Diluted) | |
$ | 0.71 | | |
$ | 1.05 | | |
| 15 | % | |
| 25 | % |
EBITDA4 | |
| -- | | |
$ | 251 | | |
| -- | | |
| 14 | % |
Operating Cash Flow | |
$ | 143 | | |
| -- | | |
| 19 | % | |
| -- | |
Free
Cash Flow5 | |
| -- | | |
$ | 87 | | |
| -- | | |
| 4 | % |
Design Backlog | |
$ | 21,847 | | |
| -- | | |
| 9 | %6 | |
| -- | |
First Quarter Fiscal 2024 Highlights
| · | Revenue increased
15% to $3.9 billion, operating income increased 7% to $163 million, the operating margin
decreased 30 basis points to 4.2%, net income increased 11% to $97 million and diluted earnings
per share increased 15% to $0.71; results included a ($29) million after-tax adjustment to
the fair value of AECOM Capital investments. |
| · | Organic
net service revenue2 in the design business increased by 9% in the Americas and
8% overall. |
| · | The
segment adjusted1 operating margin3 on an NSR basis increased
by 100 basis points to 15.0%, which marked a new first quarter high. |
| ‒ | Margin
expansion was driven by high-returning organic growth; the Company reaffirmed its 17% long-term
margin goal. |
| · | Adjusted1
EBITDA4 and adjusted1 EPS increased by 14% and 25%, reflecting
the benefits from high-returning organic growth initiatives, expanding profitability and
a returns-focused capital allocation policy. |
| · | Total
design backlog increased by 9%6 to a new record, driven by a near record win rate
and continued strong end market trends. |
| ‒ | Contracted
backlog in the design business increased by 17%6, which is supported by funding
strength across the Company’s key geographies. |
| ‒ | The
share of trailing twelve-month wins valued at $25 million or greater expanded further and
remains at an all-time high, which reflects the benefits of the Company’s strategy
that has expanded its addressable market and contributed to high win rates on larger pursuits. |
Cash Flow, Balance Sheet and Capital
Allocation Update
| · | Operating
cash flow was $143 million and free cash flow5 was $87 million, which enabled
the return of nearly $100 million to shareholders in the first quarter through repurchases
and dividend payments. |
| · | Including
share repurchases executed through March 2024, the Company has repurchased $1.8 billion
of stock since the program commenced in September 2020. |
| · | The
Company affirmed its commitment to its returns-focused capital allocation policy, which includes
prioritizing investments in organic growth followed by share repurchases and dividends. |
| – | This
includes continued share repurchases under the $1 billion share repurchase authorization
that was approved by its Board of Directors in November 2023. |
| – | This
also included the 22% increase in the Company’s quarterly dividend payment in January,
consistent with its long-term commitment to double-digit annual increases. |
Fiscal 2024 Financial Guidance
| · | Building
on a strong first quarter and positive momentum across the Company’s end markets, AECOM
reiterated its financial guidance for fiscal 2024, which includes expectations for strong
organic NSR2 growth, a record segment adjusted1 operating margin3,
and double-digit adjusted1 earnings per share growth. The Company’s guidance
also includes expectations for: |
| – | Organic
NSR2 growth of approximately 8% to 10%. |
| – | A
segment adjusted1 operating margin3 of approximately 15.6%, representing
a 90 basis point increase from fiscal 2023. |
| – | Adjusted1
EBITDA4 of between $1,065 million and $1,105 million, representing a 13%
increase at the mid-point over fiscal 2023. |
| – | Adjusted1
EPS of between $4.35 and $4.55, representing a 20% increase at the mid-point over fiscal
2023. |
| · | Other
assumptions incorporated into guidance: |
| – | Reflecting
the highly cash generative nature of its Professional Services business, the Company expects
100%+ adjusted1 net income to free cash flow5 conversion. |
| – | An
average fully diluted share count of 138 million, which reflects only shares repurchased
to-date, though the Company intends to continue repurchasing stock that would provide a benefit
to per share earnings. |
| – | An
adjusted effective tax rate of between 24% and 26% for the full year. |
| § | This
includes an expected adjusted effective tax rate in the high 20%’s in the second and
third fiscal quarters, consistent with last year’s phasing. |
| · | The
Company expects to deliver a return on invested capital7 (ROIC) of approximately
20% in fiscal 2024. |
“Our strong first quarter performance
reflects the strength of our strategy and culture, which is focused on winning what matters and collaborating to bring the best of our
technical resources to our clients globally,” said Troy Rudd, AECOM’s chief executive officer. “We delivered a record
design backlog, strong organic NSR growth, record first quarter margins and strong free cash flow. Importantly, funding growth in our
largest markets is accelerating, we are organically gaining market share as evident in our near record high win rates, and we are expanding
our addressable share of the highest-value elements of our clients’ most critical investments through our Program Management and
advisory business. All of this positions us to deliver on both our financial guidance for fiscal 2024 and on our long-term financial
framework to outgrow the market organically and deliver double-digit annual compounding of per share earnings and cash flow.”
“Through our Think and Act
Globally strategy, we have created a competitive advantage at a time when investments are increasing across our largest and most
profitable markets,” said Lara Poloni, AECOM’s president. “The megatrends of global infrastructure investment, sustainability
and resilience, and the energy transition are firmly intact and through our culture of collaboration and innovation, along with the benefits
of our Day 1, Day 2, and Day 3 strategy, our teams are ideally suited to continue to gain organic market share and outperform the overall
market.”
“We have created an algorithm
for superior shareholder value creation by focusing our time and capital on high-returning organic growth opportunities, investing in
innovation, and executing on our disciplined returns-focused capital allocation policy,” said Gaurav Kapoor, AECOM’s chief
financial and operations officer. “As our recently authorized $1 billion share repurchase program demonstrates, we believe there
is a substantial value creation opportunity ahead as we execute on our strategy.”
Business Segments
Americas
Revenue in the first quarter was $3.0
billion. Net service revenue2 was $978 million and included 9% growth in the design business, driven primarily by growth in
the Company’s transportation, water and program management businesses.
Operating income increased by 7% over
the prior year to $175 million. On an adjusted1 basis, operating income increased by 6% to $179 million. The adjusted operating
margin on an NSR2 basis of 18.3% included a 10 basis point increase over the prior year and a new first quarter record, reflecting
the underlying strength of the business, positive impacts of growth, and ongoing reinvestment in long-term organic growth initiatives
including our teams, key hires, business development and digital innovation.
International
Revenue in the first quarter was $861
million. Net service revenue2 was $730 million, an 8% increase from the prior year, which included growth across all of the
Company’s largest geographies.
Operating income increased by 40% over
the prior year to $77 million. On an adjusted1 basis, operating income increased by 40% to $77 million. The adjusted operating
margin on an NSR2 basis increased by 230 basis points over the prior year to 10.6%, which set a new quarterly record for the
International segment as the Company executes on its continuous improvement initiatives.
Backlog
Backlog in the design business increased
by 9%6 to $21.8 billion to a new record and included strong growth in both the Americas and International segments, which
reflected a continued near all-time high win rate. Contracted backlog in the design business increased by 17%6, and when combined
with continued strong pipeline growth, provides for substantial visibility.
Balance Sheet
As of December 31, 2023, AECOM
had $1.2 billion of total cash and cash equivalents, $2.2 billion of total debt and $1.0 billion of net debt (total debt less cash and
cash equivalents). Net leverage8 was 0.9x.
Tax Rate
The effective tax rate was 19.5% in
the first quarter. On an adjusted1 basis, the effective tax rate was 22.0%. The adjusted tax rate was derived by re-computing
the quarterly effective tax rate on adjusted net income9. The adjusted tax expense differs from the GAAP tax expense based
on the taxability or deductibility and tax rate applied to each of the adjustments.
Conference Call
AECOM is hosting a conference call tomorrow
at 8 a.m. Eastern Time, during which management will make a brief presentation focusing on the Company's results, strategy and operating
trends, and outlook. Interested parties can listen to the conference call and view accompanying slides via webcast at https://investors.aecom.com.
The webcast will be available for replay following the call.
1 Excludes the impact of
certain items, such as restructuring costs, amortization of intangible assets, non-core AECOM Capital and other items. See Regulation
G Information for a reconciliation of non-GAAP measures to the comparable GAAP measures.
2 Revenue, less pass-through
revenue; growth rates are presented on a constant-currency basis.
3 Reflects segment
operating performance, excluding AECOM Capital and G&A.
4 Net income before interest
expense, tax expense, depreciation and amortization.
5 Free cash flow is defined
as cash flow from operations less capital expenditures, net of proceeds from disposals of property and equipment.
6 On a constant-currency
basis.
7 Return on invested capital,
or ROIC, reflects continuing operations and is calculated as the sum of adjusted net income as presented in the Company’s Regulation
G Information and adjusted interest expense, net of interest income, divided by average quarterly invested capital as defined as the
sum of attributable shareholder’s equity and total debt, less cash and cash equivalents.
8 Net leverage is comprised
of EBITDA as defined in the Company’s credit agreement dated October 17, 2014, as amended, and total debt on the Company’s
financial statements, net of total cash and cash equivalents.
9 Inclusive of non-controlling
interest deduction and adjusted for financing charges in interest expense, the amortization of intangible assets and is based on continuing
operations.
About AECOM
AECOM (NYSE: ACM) is the world’s
trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning,
design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and
the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common
purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion,
and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business
had revenue of $14.4 billion in fiscal year 2023. See how we are delivering sustainable legacies for generations to come at aecom.com
and @AECOM.
Forward-Looking Statements
All statements in this
communication other than statements of historical fact are “forward-looking statements” for purposes of federal and
state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability,
strategic value creation, risk profile and investment strategies, and any statements regarding future economic conditions or
performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our
forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results
to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the
following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government
shutdowns or other funding circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses
under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct
by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety
and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of
dividends; exposure to political and economic risks in different countries, including tariffs, geopolitical events, and conflicts;
currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims;
inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and
cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension
costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with
the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and
oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable
and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional
risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports
filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend,
and undertake no obligation, to update any forward-looking statement.
Non-GAAP Financial Information
This press release contains financial
information calculated other than in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company
believes that non-GAAP financial measures such as adjusted EPS, adjusted EBITDA, adjusted net/operating income, segment adjusted operating
margin, adjusted tax rate, net service revenue and free cash flow provide a meaningful perspective on its business results as the Company
utilizes this information to evaluate and manage the business. We use adjusted operating income, adjusted net income, adjusted EBITDA
and adjusted EPS to exclude the impact of certain items, such as amortization expense and taxes to aid investors in better understanding
our core performance results. We use free cash flow to present the cash generated from operations after capital expenditures to maintain
our business. We present net service revenue (NSR) to exclude pass-through subcontractor costs from revenue to provide investors with
a better understanding of our operational performance. We present segment adjusted operating margin to reflect segment operating performance
of our Americas and International segments, excluding AECOM Capital. We present adjusted tax rate to reflect the tax rate
on adjusted earnings. We also use constant-currency growth rates where appropriate, which are calculated by conforming the current
period results to the comparable period exchange rates.
Our non-GAAP disclosure has limitations
as an analytical tool, should not be viewed as a substitute for financial information determined in accordance with GAAP, and should
not be considered in isolation or as a substitute for analysis of our results as reported under GAAP, nor is it necessarily comparable
to non-GAAP performance measures that may be presented by other companies. A reconciliation of these non-GAAP measures is found in the
Regulation G Information tables at the back of this release. The Company is unable to reconcile its non-GAAP financial guidance and long-term
financial targets due to uncertainties in these non-operating items as well as other adjustments to net income. The Company is
unable to provide a reconciliation of its guidance for NSR to GAAP revenue because it is unable to predict with reasonable certainty
its pass-through revenue.
AECOM
Consolidated
Statement of Income
(unaudited
- in thousands, except per share data)
| |
Three
Months Ended | |
| |
December 31,
2022 | | |
December 31,
2023 | | |
%
Change | |
Revenue | |
$ | 3,382,355 | | |
$ | 3,899,920 | | |
| 15.3 | % |
Cost of revenue | |
| 3,167,367 | | |
| 3,655,950 | | |
| 15.4 | % |
Gross profit | |
| 214,988 | | |
| 243,970 | | |
| 13.5 | % |
Equity in earnings (losses) of joint ventures | |
| 9,829 | | |
| (28,941 | ) | |
| (394.4 | )% |
General and administrative expenses | |
| (35,612 | ) | |
| (35,724 | ) | |
| 0.3 | % |
Restructuring costs | |
| (37,459 | ) | |
| (16,180 | ) | |
| (56.8 | )% |
Income from operations | |
| 151,746 | | |
| 163,125 | | |
| 7.5 | % |
Other income | |
| 1,984 | | |
| 2,569 | | |
| 29.5 | % |
Interest income | |
| 5,886 | | |
| 12,102 | | |
| 105.6 | % |
Interest expense | |
| (36,700 | ) | |
| (41,257 | ) | |
| 12.4 | % |
Income from continuing operations before
taxes | |
| 122,916 | | |
| 136,539 | | |
| 11.1 | % |
Income tax expense
for continuing operations | |
| 25,765 | | |
| 26,658 | | |
| 3.5 | % |
Income from continuing operations | |
| 97,151 | | |
| 109,881 | | |
| 13.1 | % |
Loss from discontinued
operations | |
| (388 | ) | |
| (1,287 | ) | |
| 231.7 | % |
Net income | |
| 96,763 | | |
| 108,594 | | |
| 12.2 | % |
Net income attributable to noncontrolling
interests from continuing operations | |
| (9,644 | ) | |
| (13,117 | ) | |
| 36.0 | % |
Net loss (income)
attributable to noncontrolling interests from discontinued operations | |
| 826 | | |
| (1,039 | ) | |
| (225.8 | )% |
Net income attributable
to noncontrolling interests | |
| (8,818 | ) | |
| (14,156 | ) | |
| 60.5 | % |
Net income attributable
to AECOM from continuing operations | |
| 87,507 | | |
| 96,764 | | |
| 10.6 | % |
Net income (loss)
attributable to AECOM from discontinued operations | |
| 438 | | |
| (2,326 | ) | |
| (631.1 | )% |
Net income attributable
to AECOM | |
$ | 87,945 | | |
$ | 94,438 | | |
| 7.4 | % |
| |
| | | |
| | | |
| | |
Net income (loss) attributable to AECOM
per share: | |
| | | |
| | | |
| | |
Basic continuing operations per share | |
$ | 0.63 | | |
$ | 0.71 | | |
| 12.7 | % |
Basic discontinued operations per
share | |
| — | | |
| (0.02 | ) | |
| NM | |
Basic earnings per share | |
$ | 0.63 | | |
$ | 0.69 | | |
| 9.5 | % |
| |
| | | |
| | | |
| | |
Diluted continuing operations per share | |
$ | 0.62 | | |
$ | 0.71 | | |
| 14.5 | % |
Diluted discontinued operations
per share | |
| 0.01 | | |
| (0.02 | ) | |
| (300.0 | )% |
Diluted earnings per share | |
$ | 0.63 | | |
$ | 0.69 | | |
| 9.5 | % |
| |
| | | |
| | | |
| | |
Weighted average shares outstanding: | |
| | | |
| | | |
| | |
Basic | |
| 138,687 | | |
| 135,897 | | |
| (2.0 | )% |
Diluted | |
| 140,642 | | |
| 137,101 | | |
| (2.5 | )% |
AECOM
Balance
Sheet Information
(unaudited
- in thousands)
| |
September 30,
2023 | | |
December 31,
2023 | |
Balance Sheet Information: | |
| | | |
| | |
Total cash
and cash equivalents | |
$ | 1,260,206 | | |
$ | 1,192,260 | |
Accounts receivable
and contract assets, net | |
| 4,069,504 | | |
| 4,269,023 | |
Working capital | |
| 319,228 | | |
| 279,546 | |
Total debt, excluding
unamortized debt issuance costs | |
| 2,217,255 | | |
| 2,214,970 | |
Total assets | |
| 11,233,398 | | |
| 11,389,921 | |
Total AECOM stockholders’
equity | |
| 2,212,332 | | |
| 2,247,296 | |
| |
| | | |
| | |
AECOM
Reportable
Segments
(unaudited
- in thousands)
| |
Americas | | |
International | | |
AECOM
Capital | | |
Corporate | | |
Total | |
Three Months Ended December 31, 2023: | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenue | |
$ | 3,038,683 | | |
$ | 861,041 | | |
$ | 196 | | |
$ | — | | |
$ | 3,899,920 | |
Cost of revenue | |
| 2,867,708 | | |
| 788,242 | | |
| — | | |
| — | | |
| 3,655,950 | |
Gross profit | |
| 170,975 | | |
| 72,799 | | |
| 196 | | |
| — | | |
| 243,970 | |
Equity in earnings (losses) of joint ventures | |
| 3,658 | | |
| 4,282 | | |
| (36,881 | ) | |
| — | | |
| (28,941 | ) |
General and administrative expenses | |
| — | | |
| — | | |
| (2,451 | ) | |
| (33,273 | ) | |
| (35,724 | ) |
Restructuring costs | |
| — | | |
| — | | |
| — | | |
| (16,180 | ) | |
| (16,180 | ) |
Income (loss) from operations | |
$ | 174,633 | | |
$ | 77,081 | | |
$ | (39,136 | ) | |
$ | (49,453 | ) | |
$ | 163,125 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Gross profit as a % of revenue | |
| 5.6 | % | |
| 8.5 | % | |
| | | |
| | | |
| 6.3 | % |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Contracted backlog | |
$ | 18,196,458 | | |
$ | 4,306,154 | | |
$ | — | | |
$ | — | | |
$ | 22,502,612 | |
Awarded backlog | |
| 13,643,939 | | |
| 2,061,613 | | |
| — | | |
| — | | |
| 15,705,552 | |
Unconsolidated JV backlog | |
| 1,599,860 | | |
| — | | |
| — | | |
| — | | |
| 1,599,860 | |
Total backlog | |
$ | 33,440,257 | | |
$ | 6,367,767 | | |
$ | — | | |
$ | — | | |
$ | 39,808,024 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total backlog – Design only | |
$ | 15,478,792 | | |
$ | 6,367,767 | | |
$ | — | | |
$ | — | | |
$ | 21,846,559 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Three Months Ended December 31, 2022: | |
| | | |
| | | |
| | | |
| | | |
| | |
Revenue | |
$ | 2,579,311 | | |
$ | 802,796 | | |
$ | 248 | | |
$ | — | | |
$ | 3,382,355 | |
Cost of revenue | |
| 2,416,406 | | |
| 750,961 | | |
| — | | |
| — | | |
| 3,167,367 | |
Gross profit | |
| 162,905 | | |
| 51,835 | | |
| 248 | | |
| — | | |
| 214,988 | |
Equity in earnings of joint ventures | |
| 883 | | |
| 3,298 | | |
| 5,648 | | |
| — | | |
| 9,829 | |
General and administrative expenses | |
| — | | |
| — | | |
| (2,678 | ) | |
| (32,934 | ) | |
| (35,612 | ) |
Restructuring costs | |
| — | | |
| — | | |
| — | | |
| (37,459 | ) | |
| (37,459 | ) |
Income from operations | |
$ | 163,788 | | |
$ | 55,133 | | |
$ | 3,218 | | |
$ | (70,393 | ) | |
$ | 151,746 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Gross profit as a % of revenue | |
| 6.3 | % | |
| 6.5 | % | |
| | | |
| | | |
| 6.4 | % |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Contracted backlog | |
$ | 19,238,125 | | |
$ | 3,930,046 | | |
$ | — | | |
$ | — | | |
$ | 23,168,171 | |
Awarded backlog | |
| 15,680,479 | | |
| 1,751,686 | | |
| — | | |
| — | | |
| 17,432,165 | |
Unconsolidated JV backlog | |
| 224,259 | | |
| — | | |
| — | | |
| — | | |
| 224,259 | |
Total backlog | |
$ | 35,142,863 | | |
$ | 5,681,732 | | |
$ | — | | |
$ | — | | |
$ | 40,824,595 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
Total backlog – Design only | |
$ | 14,218,518 | | |
$ | 5,681,732 | | |
$ | — | | |
$ | — | | |
$ | 19,900,250 | |
AECOM
Regulation
G Information
(in
millions)
Reconciliation of Revenue to Net Service
Revenue (NSR)
| |
Three
Months Ended | |
| |
December 31,
2022 | | |
September 30,
2023 | | |
December 31,
2023 | |
Americas | |
| | | |
| | | |
| | |
Revenue | |
$ | 2,579.3 | | |
$ | 2,936.7 | | |
$ | 3,038.7 | |
Less: Pass-through
revenue | |
| 1,655.6 | | |
| 1,932.2 | | |
| 2,061.0 | |
Net service revenue | |
$ | 923.7 | | |
$ | 1,004.5 | | |
$ | 977.7 | |
| |
| | | |
| | | |
| | |
International | |
| | | |
| | | |
| | |
Revenue | |
$ | 802.8 | | |
$ | 905.2 | | |
$ | 861.0 | |
Less: Pass-through
revenue | |
| 133.9 | | |
| 182.8 | | |
| 131.1 | |
Net service revenue | |
$ | 668.9 | | |
$ | 722.4 | | |
$ | 729.9 | |
| |
| | | |
| | | |
| | |
Segment Performance (excludes
ACAP) | |
| | | |
| | | |
| | |
Revenue | |
$ | 3,382.1 | | |
$ | 3,841.9 | | |
$ | 3,899.7 | |
Less: Pass-through
revenue | |
| 1,789.5 | | |
| 2,115.0 | | |
| 2,192.1 | |
Net service revenue | |
$ | 1,592.6 | | |
$ | 1,726.9 | | |
$ | 1,707.6 | |
| |
| | | |
| | | |
| | |
Consolidated | |
| | | |
| | | |
| | |
Revenue | |
$ | 3,382.4 | | |
$ | 3,842.4 | | |
$ | 3,899.9 | |
Less: Pass-through
revenue | |
| 1,789.5 | | |
| 2,115.0 | | |
| 2,192.1 | |
Net service revenue | |
$ | 1,592.9 | | |
$ | 1,727.4 | | |
$ | 1,707.8 | |
Reconciliation
of Total Debt to Net Debt
| |
Balances
at | |
| |
December 31,
2022 | | |
September 30,
2023 | | |
December 31,
2023 | |
Short-term debt | |
$ | 4.6 | | |
$ | 3.1 | | |
$ | 3.2 | |
Current portion of long-term debt | |
| 48.4 | | |
| 86.4 | | |
| 88.4 | |
Long-term debt,
excluding unamortized debt issuance costs | |
| 2,172.8 | | |
| 2,127.8 | | |
| 2,123.4 | |
Total debt | |
| 2,225.8 | | |
| 2,217.3 | | |
| 2,215.0 | |
Less:
Total cash and cash equivalents | |
| 1,160.4 | | |
| 1,260.2 | | |
| 1,192.3 | |
Net debt | |
$ | 1,065.4 | | |
$ | 957.1 | | |
$ | 1,022.7 | |
Reconciliation
of Net Cash Provided by Operating Activities to Free Cash Flow
| |
Three
Months Ended | |
| |
December 31,
2022 | | |
September 30,
2023 | | |
December 31,
2023 | |
Net cash provided by operating activities | |
$ | 120.0 | | |
$ | 285.2 | | |
$ | 143.1 | |
Capital expenditures,
net | |
| (36.3 | ) | |
| (22.3 | ) | |
| (56.2 | ) |
Free cash flow | |
$ | 83.7 | | |
$ | 262.9 | | |
$ | 86.9 | |
AECOM
Regulation
G Information
(in
millions, except per share data)
| |
Three
Months Ended | |
| |
Dec 31,
2022 | | |
Sep 30,
2023 | | |
Dec 31,
2023 | |
Reconciliation of Income from Operations to Adjusted Income
from Operations |
Income from operations | |
$ | 151.7 | | |
$ | 80.3 | | |
$ | 163.1 | |
Noncore AECOM Capital
(income) loss | |
| (3.2 | ) | |
| 1.9 | | |
| 39.1 | |
Restructuring costs | |
| 37.5 | | |
| 137.9 | | |
| 16.2 | |
Amortization
of intangible assets | |
| 4.7 | | |
| 4.6 | | |
| 4.6 | |
Adjusted income
from operations | |
$ | 190.7 | | |
$ | 224.7 | | |
$ | 223.0 | |
| |
| | | |
| | | |
| | |
Reconciliation of Income
from Continuing Operations Before Taxes to Adjusted Income from Continuing Operations Before Taxes | |
| | | |
| | | |
| | |
Income from continuing operations before
taxes | |
$ | 122.9 | | |
$ | 56.8 | | |
$ | 136.5 | |
Noncore AECOM Capital
(income) loss | |
| (3.2 | ) | |
| 1.9 | | |
| 39.1 | |
Restructuring costs | |
| 37.5 | | |
| 137.9 | | |
| 16.2 | |
Amortization of
intangible assets | |
| 4.7 | | |
| 4.6 | | |
| 4.6 | |
Financing
charges in interest expense | |
| 1.2 | | |
| 1.2 | | |
| 1.3 | |
Adjusted income
from continuing operations before taxes | |
$ | 163.1 | | |
$ | 202.4 | | |
$ | 197.7 | |
| |
| | | |
| | | |
| | |
Reconciliation of Income
Taxes for Continuing Operations to Adjusted Income Taxes for Continuing Operations | |
| | | |
| | | |
| | |
Income tax expense for continuing operations | |
$ | 25.8 | | |
$ | 9.2 | | |
$ | 26.6 | |
Tax
effect of the above adjustments(1) | |
| 9.4 | | |
| 38.4 | | |
| 14.0 | |
Adjusted income
tax expense for continuing operations | |
$ | 35.2 | | |
$ | 47.6 | | |
$ | 40.6 | |
| |
| | | |
| | | |
| | |
(1) Adjusts income taxes during
the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above. |
| |
| | | |
| | | |
| | |
Reconciliation of Net Income
Attributable to Noncontrolling Interests (NCI) from Continuing Operations to Adjusted Net Income Attributable to Noncontrolling Interests
from Continuing Operations | |
| | | |
| | | |
| | |
Net income attributable to noncontrolling
interests from continuing operations | |
$ | (9.6 | ) | |
$ | (13.7 | ) | |
$ | (13.1 | ) |
Amortization
of intangible assets included in NCI | |
| (0.2 | ) | |
| (0.1 | ) | |
| (0.2 | ) |
Adjusted net
income attributable to noncontrolling interests from continuing operations | |
$ | (9.8 | ) | |
$ | (13.8 | ) | |
$ | (13.3 | ) |
| |
| | | |
| | | |
| | |
Reconciliation of Net Income
Attributable to AECOM from Continuing Operations to Adjusted Net Income Attributable to AECOM from Continuing Operations | |
| | | |
| | | |
| | |
Net income attributable to AECOM from
continuing operations | |
$ | 87.5 | | |
$ | 33.9 | | |
$ | 96.8 | |
Noncore AECOM Capital
(income) loss | |
| (3.2 | ) | |
| 1.9 | | |
| 39.1 | |
Restructuring costs | |
| 37.5 | | |
| 137.9 | | |
| 16.2 | |
Amortization of
intangible assets | |
| 4.7 | | |
| 4.6 | | |
| 4.6 | |
Financing charges
in interest expense | |
| 1.2 | | |
| 1.2 | | |
| 1.3 | |
Tax
effect of the above adjustments(1) | |
| (9.4 | ) | |
| (38.4 | ) | |
| (14.0 | ) |
Amortization
of intangible assets included in NCI | |
| (0.2 | ) | |
| (0.1 | ) | |
| (0.2 | ) |
Adjusted net
income attributable to AECOM from continuing operations | |
$ | 118.1 | | |
$ | 141.0 | | |
$ | 143.8 | |
| |
| | | |
| | | |
| | |
(1) Adjusts the income taxes
during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above. |
AECOM
Regulation
G Information
(in
millions, except per share data)
| |
Three
Months Ended | |
| |
Dec 31,
2022 | | |
Sep 30,
2023 | | |
Dec 31,
2023 | |
Reconciliation of Net Income
Attributable to AECOM from Continuing Operations per Diluted Share to Adjusted Net Income Attributable to AECOM from Continuing Operations
per Diluted Share | |
| | | |
| | | |
| | |
Net income attributable
to AECOM from continuing operations per diluted share | |
$ | 0.62 | | |
$ | 0.24 | | |
$ | 0.71 | |
Per diluted share adjustments: | |
| | | |
| | | |
| | |
Noncore AECOM Capital (income) loss,
net of NCI | |
| (0.02 | ) | |
| 0.01 | | |
| 0.29 | |
Restructuring costs | |
| 0.27 | | |
| 0.99 | | |
| 0.12 | |
Amortization of intangible assets | |
| 0.03 | | |
| 0.03 | | |
| 0.03 | |
Financing charges in interest expense | |
| 0.01 | | |
| 0.01 | | |
| 0.01 | |
Tax
effect of the above adjustments(1) | |
| (0.07 | ) | |
| (0.27 | ) | |
| (0.11 | ) |
Adjusted net
income attributable to AECOM from continuing operations per diluted share | |
$ | 0.84 | | |
$ | 1.01 | | |
$ | 1.05 | |
Weighted average shares outstanding – basic | |
| 138.7 | | |
| 138.1 | | |
| 135.9 | |
Weighted average shares outstanding – diluted | |
| 140.6 | | |
| 139.4 | | |
| 137.1 | |
| |
| | | |
| | | |
| | |
(1) Adjusts the income taxes during
the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above. |
| |
| | | |
| | | |
| | |
Reconciliation of Net Income
Attributable to AECOM from Continuing Operations to EBITDA and to Adjusted EBITDA and to Adjusted Income from Operations | |
| | | |
| | | |
| | |
Net income attributable to AECOM from
continuing operations | |
$ | 87.5 | | |
$ | 33.9 | | |
$ | 96.8 | |
Income tax expense | |
| 25.8 | | |
| 9.2 | | |
| 26.6 | |
Depreciation and amortization | |
| 43.4 | | |
| 44.6 | | |
| 43.1 | |
Interest income, net of NCI | |
| (5.9 | ) | |
| (15.8 | ) | |
| (10.7 | ) |
Interest expense | |
| 36.7 | | |
| 41.4 | | |
| 41.3 | |
Amortized bank
fees included in interest expense | |
| (1.2 | ) | |
| (1.2 | ) | |
| (1.2 | ) |
EBITDA | |
$ | 186.3 | | |
$ | 112.1 | | |
$ | 195.9 | |
Noncore AECOM Capital (income) loss,
net of NCI | |
| (3.2 | ) | |
| 1.9 | | |
| 39.1 | |
Restructuring costs | |
| 37.5 | | |
| 137.9 | | |
| 16.2 | |
Adjusted EBITDA | |
$ | 220.6 | | |
$ | 251.9 | | |
$ | 251.2 | |
Other income | |
| (2.0 | ) | |
| (2.2 | ) | |
| (2.6 | ) |
Depreciation | |
| (37.7 | ) | |
| (38.8 | ) | |
| (37.5 | ) |
Noncontrolling interests
in income of consolidated subsidiaries | |
| 9.6 | | |
| 13.7 | | |
| 13.1 | |
Interest income included in NCI | |
| — | | |
| — | | |
| (1.4 | ) |
Amortization of
intangible assets included in NCI | |
| 0.2 | | |
| 0.1 | | |
| 0.2 | |
Adjusted income
from operations | |
$ | 190.7 | | |
$ | 224.7 | | |
$ | 223.0 | |
| |
| | | |
| | | |
| | |
Reconciliation of Segment
Income from Operations to Adjusted Income from Operations | |
| | | |
| | | |
| | |
Americas Segment: | |
| | | |
| | | |
| | |
Income from operations | |
$ | 163.8 | | |
$ | 186.2 | | |
$ | 174.6 | |
Amortization of
intangible assets | |
| 4.4 | | |
| 4.3 | | |
| 4.3 | |
Adjusted income
from operations | |
$ | 168.2 | | |
$ | 190.5 | | |
$ | 178.9 | |
| |
| | | |
| | | |
| | |
International Segment: | |
| | | |
| | | |
| | |
Income from operations | |
$ | 55.1 | | |
$ | 71.9 | | |
$ | 77.1 | |
Amortization of
intangible assets | |
| 0.3 | | |
| 0.3 | | |
| 0.3 | |
Adjusted income
from operations | |
$ | 55.4 | | |
$ | 72.2 | | |
$ | 77.4 | |
| |
| | | |
| | | |
| | |
Segment Performance (excludes ACAP and G&A): | |
| | | |
| | | |
| | |
Income from operations | |
$ | 218.9 | | |
$ | 258.1 | | |
$ | 251.7 | |
Amortization of
intangible assets | |
| 4.7 | | |
| 4.6 | | |
| 4.6 | |
Adjusted income
from operations | |
$ | 223.6 | | |
$ | 262.7 | | |
$ | 256.3 | |
AECOM
Regulation
G Information
FY2024 GAAP EPS Guidance based on Adjusted
EPS Guidance
(all figures approximate)
| |
Fiscal Year End
2024 | |
GAAP EPS guidance | |
| $3.63
to $3.95 | |
Adjusted EPS excludes: | |
| | |
Amortization of intangible
assets | |
| $0.13 | |
Amortization of deferred financing
fees | |
| $0.04 | |
Noncore AECOM Capital | |
| $0.28 | |
Restructuring expenses | |
| $0.51
to $0.36 | |
Tax effect of
the above items | |
| ($0.24)
to ($0.21) | |
Adjusted EPS guidance | |
| $4.35
to $4.55 | |
FY2024 GAAP Net Income from Continuing
Operations Guidance based on Adjusted EBITDA Guidance
(in millions, all
figures approximate)
| |
Fiscal Year End
2024 | |
GAAP net income from continuing operations guidance | |
| $561
to $595 | |
Net income attributable to noncontrolling
interest from continuing operations | |
| ($60)
to ($50) | |
Net
income attributable to AECOM from continuing operations | |
| $501
to $545 | |
Adjusted net income
attributable to AECOM from continuing operations excludes: | |
| | |
Amortization of intangible
assets | |
| $18 | |
Amortization of deferred financing
fees | |
| $5 | |
Noncore AECOM Capital | |
| $39 | |
Restructuring expenses | |
| $70
to $50 | |
Tax effect of
the above items | |
| ($33)
to ($29) | |
Adjusted net income attributable to AECOM
from continuing operations | |
| $600
to $628 | |
Adjusted EBITDA excludes: | |
| | |
Depreciation | |
| $152 | |
Adjusted interest expense, net | |
| $115 | |
Tax expense, including
tax effect of above items | |
| $198
to $210 | |
Adjusted EBITDA guidance | |
| $1,065
to $1,105 | |
| |
| | |
FY2024 GAAP Interest
Expense Guidance based on Adjusted Interest Expense Guidance
(in millions,
all figures approximate)
| |
|
Fiscal Year End 2024 | |
GAAP interest expense guidance | |
| $155 | |
Finance charges in interest expense | |
| ($5) | |
Interest income, net of NCI | |
| ($35) | |
Adjusted net interest expense guidance | |
| $115 | |
FY2024 GAAP Income
Tax Guidance based on Adjusted Income Tax Guidance
(in millions, all figures
approximate)
| |
| Fiscal
Year End 2024 | |
GAAP income tax expense guidance | |
| $165
to $181 | |
Tax effect of adjusting items | |
| $33
to $29 | |
Adjusted income tax expense guidance | |
| $198
to $210 | |
AECOM
Regulation
G Information
FY2024
GAAP Income from Operations as a % of Revenue Guidance
based on Segment Adjusted Operating Income as a % of Net Service Revenue Guidance
(all
figures approximate)
| |
Fiscal Year End
2024 | |
Income from operations as a % of revenue | |
| 5.9 | % |
Pass-through revenues | |
| 8.3 | % |
Amortization of intangible assets | |
| 0.1 | % |
Corporate net expense | |
| 0.9 | % |
Restructuring expenses* | |
| 0.4 | % |
Segment adjusted operating income as
a % of net service revenue | |
| 15.6 | % |
* Based on midpoint
of FY2024 guidance
v3.24.0.1
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
AECOM (NYSE:ACM)
過去 株価チャート
から 4 2024 まで 5 2024
AECOM (NYSE:ACM)
過去 株価チャート
から 5 2023 まで 5 2024