Every material Form 8-K AECOM has filed with the SEC since May 06, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
AECOM said Chief Legal Officer David Gan will retire, with his role passing to Manav Kumar, the company's General Counsel, Corporate and Global Head of Public Affairs, effective October 2, 2026. Gan will then serve as Senior Advisor until his retirement in the second half of 2027. The filing describes a planned leadership transition with no financial results or guidance included.
David Gan provided notice of retirement on September 14, 2026, and remains in his role through October 2, 2026.
Manav Kumar, age 42, becomes Chief Legal Officer effective October 2, 2026, and has been General Counsel, Corporate and Global Head of Public Affairs since December 2024.
Gan keeps his existing base salary as Senior Advisor until his retirement in the second half of 2027.
Gan remains eligible for a fiscal year 2026 annual incentive bonus but will not participate in annual or long-term incentive programs in fiscal year 2027.
AECOM reported fiscal third-quarter 2026 results for the quarter ended June 30, 2026, with GAAP revenue of $3.6 billion, down 14% from a year earlier, and a $76 million operating loss. The results include a $337 million pre-tax charge on a Construction Management project, and the company lowered its fiscal 2026 guidance to reflect the charge and slower net service revenue growth. For shareholders, the charge drives the loss and reduces the expected full-year free cash flow to about $300 million, while backlog rose to a record $27.8 billion.
Q3 GAAP revenue was $3.6 billion, down 14%; operating loss was $76 million and diluted loss per share was $0.65.
A $337 million pre-tax charge on a Construction Management project was recorded; excluding it, adjusted EBITDA was $329 million and adjusted EPS was $1.49.
Fiscal 2026 adjusted EPS guidance is $3.95 to $4.15 including the charge, and free cash flow is projected at approximately $300 million.
Total backlog rose 13% to a record $27.8 billion; the project is expected to reach substantial completion in the second quarter of fiscal 2027, and recovery claims may take several years.
AECOM entered into a Credit Agreement on June 10, 2026, providing a $500 million revolving credit facility with Bank of America, N.A. as administrative agent. As of June 10, 2026, no borrowings were outstanding, and the facility is secured by substantially all assets of the borrowers and subsidiary guarantors. The agreement includes a maximum consolidated leverage ratio of 4.00 to 1.00, tested quarterly, which shareholders may watch as a constraint on future borrowing.
Facility size: $500 million revolving credit, scheduled to mature June 9, 2028
No borrowings outstanding as of June 10, 2026
Interest: SOFR plus 1.125% to 2%, or base rate plus 0.125% to 1%, based on leverage ratio
Covenant requires consolidated leverage ratio of 4.00 to 1.00 or less, tested quarterly
AECOM reported second quarter fiscal 2026 results for the quarter ended March 31, 2026, with revenue up 1% to $3.8 billion and GAAP diluted EPS from continuing operations up 22% to $1.42. The company raised its adjusted EPS guidance for fiscal 2026 to $5.90 to $6.10 from $5.85 to $6.05, but operating income fell 4% and free cash flow was negative $27 million in the quarter.
Q2 revenue rose 1% to $3.8 billion; operating income fell 4% to $248 million; net income from continuing operations rose 19% to $184 million
Adjusted EPS rose 27% to $1.59; fiscal 2026 adjusted EPS guidance raised to $5.90 to $6.10, the second consecutive raise
Total backlog rose 8% to a record $26.2 billion; free cash flow was negative $27 million in the quarter, which management attributed to Middle East payment timing and claim resolution
The company returned $155 million to shareholders in the quarter and reiterated full-year free cash flow guidance of approximately $400 million
On March 10, 2026, AECOM entered into Amendment No. 16 to its Syndicated Facility Agreement with Bank of America, N.A. as administrative agent. The new facilities replaced the existing revolver and term loans in full, with proceeds used to refinance the prior credit facilities, and the revolver and Term Loan A maturities were extended two years to March 10, 2031.
New $1.5 billion revolving credit facility, a $950 million Term Loan A and a $500 million Term Loan B
Revolver and Term Loan A now mature March 10, 2031, a two-year extension; Term Loan B matures April 19, 2031, unchanged
Term Loan B margin is 0.25% lower than under the existing agreement; AECOM must keep a consolidated leverage ratio at or below 4.00 to 1.00
AECOM reported first quarter fiscal 2026 results for the quarter ended December 31, 2025. Revenue fell 5% to $3.8 billion and GAAP diluted EPS fell 20% to $1.06, while the company raised its fiscal 2026 adjusted EPS guidance to $5.85 to $6.05 from $5.65 to $5.85 and the board raised the share repurchase authorization to $1 billion.
Revenue fell 5% to $3.8 billion; operating income fell 7% to $222 million; net income fell 21% to $140 million
Adjusted EPS fell 2% to $1.29; adjusted EBITDA rose 6% to $287 million
Fiscal 2026 adjusted EPS guidance raised to $5.85 to $6.05, from $5.65 to $5.85; free cash flow guidance of approximately $400 million
Returned more than $340 million to shareholders in the quarter; board approved repurchase authorization increase to $1 billion
AECOM reported fiscal fourth-quarter 2025 results with revenue up 2% to $4.2 billion, but GAAP net income fell 22% to $132 million and diluted EPS fell 21% to $0.99. For the full year, net income rose 26% to $638 million and diluted EPS rose 29% to $4.79, and the company initiated fiscal 2026 adjusted EPS guidance of $5.65 to $5.85 along with a review of strategic alternatives for its Construction Management business, including a possible sale. The Board also raised the quarterly dividend 19% to $0.31 per share.
Fiscal Q4 2025: revenue $4.2 billion (up 2%), operating income $237 million (flat), net income $132 million (down 22%), diluted EPS $0.99 (down 21%).
Full year fiscal 2025: revenue $16.1 billion (flat), operating income $1.0 billion (up 24%), net income $638 million (up 26%), diluted EPS $4.79 (up 29%).
Fiscal 2026 adjusted EPS guidance of $5.65 to $5.85 for the enterprise-wide business, or $5.15 to $5.35 excluding Construction Management.
Quarterly dividend raised to $0.31 per share from $0.26, payable January 23, 2026 to holders of record as of January 7, 2026.
AECOM reported fiscal third-quarter 2025 results for the quarter ended June 30, 2025, with revenue of $4.18 billion, up 0.7%, and net service revenue of $1.94 billion, up 6%. The company raised its fiscal 2025 guidance for adjusted EBITDA, adjusted EPS, and margins, which points to higher expected earnings for shareholders.
Adjusted EPS was $1.34, up 16%; diluted EPS from continuing operations was $1.31, up 38%
Net income attributable to AECOM was $131 million, down 2.5%, including a $43.9 million loss from discontinued operations
Fiscal 2025 adjusted EPS guidance raised to $5.20 to $5.30; adjusted EBITDA guidance set at $1,190 million to $1,210 million
Free cash flow was $262 million in the quarter; year-to-date free cash flow rose 27% to $551 million
AECOM completed a $1.2 billion offering of 6.000% senior notes maturing August 1, 2033, under an indenture dated July 22, 2025. The company used $752,585,310 of the net proceeds to buy $732,914,000 of its 5.125% senior notes due 2027 tendered in a tender offer, and plans to use the remaining proceeds to buy and redeem other 2027 notes and for fees and general corporate purposes.
Notes: $1,200,000,000 aggregate principal, 6.000% annual interest, paid semi-annually from February 1, 2026
Tender offer: $732,914,000 of 5.125% notes due 2027 purchased for $752,585,310 of net proceeds, with tender expiration on July 21, 2025
Remaining 2027 notes to be purchased on July 24, 2025 or redeemed on August 14, 2025
AECOM reported fiscal second-quarter 2025 results for the quarter ended March 31, 2025, with revenue down 4% to $3.77 billion while profit rose, including adjusted EPS of $1.25, up 20%. The company raised its fiscal 2025 adjusted EBITDA and adjusted EPS guidance for the second time this year, which signals higher expected earnings for shareholders.
Revenue was $3.77 billion, down 4%; net service revenue was $1.87 billion, up 4%
Net income attributable to AECOM from continuing operations was $154 million, up 38%; diluted EPS from continuing operations was $1.16 versus $0.81 a year earlier
Fiscal 2025 adjusted EBITDA guidance is $1,180 million to $1,210 million; adjusted EPS guidance is $5.10 to $5.20
Shareholders received more than $110 million through repurchases and dividends during the quarter
AECOM reported first-quarter fiscal 2025 results for the quarter ended December 31, 2024, with revenue of $4.01 billion, up 3%, and GAAP diluted EPS from continuing operations of $1.33, up 87%. The company raised its fiscal 2025 adjusted EBITDA and adjusted EPS guidance, which matters to shareholders because it signals higher expected profit for the full year.
Revenue was $4.01 billion, up 3%; net service revenue rose 5.5% on an adjusted basis to $1.80 billion.
Adjusted EPS was $1.31, up 25%; GAAP diluted EPS from continuing operations was $1.33, up 87%.
Fiscal 2025 adjusted EPS guidance is $5.05 to $5.20, and adjusted EBITDA guidance is $1,175 million to $1,210 million.
Total backlog reached a record $23.9 billion, up 4%, and the company returned $55 million to shareholders in the quarter.
AECOM said director Lydia H. Kennard informed the Board on November 19, 2024, that she will not stand for reelection at the 2025 Annual Meeting of Stockholders. The company said her decision is due to personal reasons and not a disagreement over its operations, policies or practices. She will remain a director and a member of the Nominating and Governance Committee until her term expires at that meeting.
Kennard notified the Board on November 19, 2024; the 8-K was dated November 22, 2024.
She will not stand for reelection at the 2025 Annual Meeting of Stockholders.
The company states the decision is due to personal reasons, not a disagreement with the company.
She continues as a director and Nominating and Governance Committee member until her term ends at the Annual Meeting.
AECOM reported fiscal fourth-quarter 2024 revenue of $4.1 billion, up 7% from a year earlier, with diluted EPS of $1.25 as reported and adjusted EPS up 26%. It guided fiscal 2025 adjusted EPS to $5.00 to $5.20 and raised its quarterly dividend 18% to $0.26 and its share repurchase authorization to $1 billion, which affects per-share returns for shareholders.
Q4 fiscal 2024 diluted EPS was $1.25 as reported, versus $0.24 a year earlier; adjusted EPS rose 26%
Full-year fiscal 2024 revenue was $16.1 billion, up 12%, and free cash flow was $708 million
Fiscal 2025 guidance includes adjusted EPS of $5.00 to $5.20 and adjusted EBITDA of $1,170 million to $1,210 million
Quarterly dividend raised to $0.26 from $0.22, payable January 17, 2025, to holders of record on January 2, 2025
AECOM reported third quarter fiscal 2024 results for the quarter ended June 30, 2024, with revenue up 13% to $4.2 billion and net income attributable to AECOM from continuing operations of $129 million, compared with a loss a year earlier. The company raised its fiscal 2024 earnings guidance, including adjusted EPS of $4.45 to $4.55, and said it has returned $407 million to shareholders so far this fiscal year.
Q3 revenue rose 13% to $4.2 billion; operating income was $227 million versus a loss of $105 million a year earlier.
Diluted EPS from continuing operations was $0.95, versus a loss of $0.90 in the prior-year quarter; adjusted EPS rose 23%.
Fiscal 2024 guidance raised to adjusted EBITDA of $1,075 million to $1,105 million and adjusted EPS of $4.45 to $4.55.
Company repurchased $150 million of stock since the quarter ended and has more than $700 million remaining under its repurchase authorization.
AECOM reported second-quarter fiscal 2024 results for the quarter ended March 31, 2024, with revenue up 13% to $3.9 billion, while net income from continuing operations fell 6% to $111 million and diluted EPS fell 4% to $0.81 as reported. The company raised its fiscal 2024 adjusted EBITDA guidance, which matters to shareholders because it signals management's confidence in the full year despite a $103 million loss from discontinued operations.
Revenue rose 13% to $3.9 billion; net service revenue rose 8% to $1.8 billion.
Fiscal 2024 adjusted EBITDA guidance raised to between $1,070 million and $1,105 million; adjusted EPS guidance is $4.35 to $4.55.
As-reported diluted EPS fell 4% to $0.81; a $103 million loss related to the 2021 civil construction business sale was recorded in discontinued operations.
The company returned $145 million to shareholders in the first half of fiscal 2024 through share repurchases and dividends.
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