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AI brief of an SEC Form 8-K · AECOM (ACM)

AECOM raises fiscal 2024 EBITDA guidance as Q2 revenue rises 13%

Mixed Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyAECOM (ACM)
Form8-K, current report
Filed with the SECMay 6, 2024, 4:10 PM ET
Accession number0001104659-24-057441

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.