Oct 2, 4:19 PM ET
Amentum Holdings' board approved an amended and restated employment agreement for Executive Chair Steven J. Demetriou, effective September 28, 2026. The filing sets a $625,000 base salary, a bonus at 100% of base salary, and a $1,250,000 long-term incentive target, and removes severance obligations except a pro-rata bonus and full accelerated vesting of outstanding LTI awards.
- Base salary set at $625,000, effective September 28, 2026
- Short-term bonus target is 100% of base salary
- Long-term incentive target value at grant is $1,250,000
- Severance removed, except pro-rata bonus and full accelerated LTI vesting
Read the filing on SEC.gov ↗
Aug 10, 4:42 PM ET
Amentum reported third-quarter fiscal 2026 revenue of $3,490 million, down 2% from $3,561 million a year earlier, while GAAP net income rose to $66 million from $10 million and adjusted diluted EPS rose to $0.67 from $0.56. The company raised its fiscal 2026 guidance for Adjusted EBITDA and adjusted diluted EPS but cut its revenue guidance, so shareholders see mixed signals on the year.
- Revenue of $3,490 million fell 2% year over year; diluted EPS was $0.27 versus $0.04 and Adjusted EBITDA was $290 million, up 6%.
- Free cash flow was $135 million, up 35% from $100 million; backlog reached $48.2 billion, up 8%.
- FY2026 revenue guidance was cut to $13,800-$13,950 million from $13,950-$14,300 million.
- FY2026 Adjusted EBITDA guidance was raised to $1,115-$1,140 million and adjusted diluted EPS guidance to $2.40-$2.50 from $2.25-$2.45.
Read the filing on SEC.gov ↗
May 11, 5:05 PM ET
Amentum reported second-quarter fiscal 2026 results for the period ended April 3, 2026, with revenues flat at $3.5 billion and net income rising to $54 million from $4 million a year earlier. The company reaffirmed its full-year fiscal 2026 guidance, which it says supports its long-term value for shareholders.
- Revenues were $3,478 million, flat compared with $3,491 million in the prior-year quarter.
- Diluted EPS was $0.22 versus $0.02 a year earlier; adjusted diluted EPS rose 13% to $0.60 from $0.53.
- Fiscal 2026 guidance reaffirmed: revenues $13,950 million to $14,300 million and adjusted diluted EPS $2.25 to $2.45.
- On April 24, 2026, the company completed a new $1.4 billion Term Loan A to repay and refinance its Term Loan B.
Read the filing on SEC.gov ↗
Apr 28, 8:01 AM ET
Amentum entered a First Amendment to its credit agreement, adding a new $1.400 billion term loan A, a $1.591 billion term loan B and a $1.000 billion revolving facility. The company used the term loan proceeds, together with cash on hand, to repay all outstanding borrowings under the existing credit agreement, which shareholders should note as a refinancing rather than a new source of cash for operations.
- Term loan A of $1.400 billion matures April 24, 2031, with quarterly amortization starting September 30, 2026
- Term loan B of $1.591 billion matures September 27, 2031, with 1.00% annual amortization
- $1.000 billion revolving facility matures April 24, 2031; proceeds may be used for general corporate purposes
- Term loan B has no financial maintenance covenants; term loan A and revolver require a maximum first lien net leverage ratio of 4.50 to 1.00
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.