AECOM posts $76 million Q3 operating loss after $337 million project charge
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.
Key points
- 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.
The filing
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 August 10, 2026.
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