Aecom
0H9N.L
$129.96 1.25%
Exchange: LSE | Sector: Industrials | Industry: Engineering Construction
Q3 2024
Published: Aug 6, 2024

Earnings Highlights

  • Revenue of $4.15B up 13.3% year-over-year
  • EPS of $0.98 increased by 202.1% from previous year
  • Gross margin of 6.9%
  • Net income of 134.27M
  • ""Our enhanced project management capabilities have positioned us to capitalize on the expanding infrastructure investments across the globe."" - Michael S. Burke, CEO

Aecom (0H9N.L) Q3 2024 Financial Results: Strong Growth and Strategic Positioning

Executive Summary

In Q3 2024, Aecom reported a significant revenue increase of 13.31% year-over-year, reaching $4.15 billion, driven by strong demand across its Americas and International segments. Operating income surged to $227.46 million, reflecting a remarkable 315.76% increase compared to the previous year, while net income grew nearly 200.68%, underscoring the company's enhanced operational efficiency and management strategies. Management highlighted disciplined resource allocation and strategic bid selection as key drivers of this performance, with CEO Michael S. Burke remarking, "Our enhanced project management capabilities have positioned us to capitalize on the expanding infrastructure investments across the globe." The strong cash flow generation of $291.30 million during the quarter provides confidence in maintaining a healthy balance sheet and funding future growth initiatives.

Key Performance Indicators

Revenue

4.15B
QoQ: 5.26% | YoY:13.31%

Gross Profit

285.04M
6.87% margin
QoQ: 9.14% | YoY:13.98%

Operating Income

227.46M
QoQ: 13.46% | YoY:315.76%

Net Income

134.27M
QoQ: 13 233.96% | YoY:199.68%

EPS

0.99
QoQ: 9 800.00% | YoY:202.06%

Revenue Trend

Margin Analysis

Key Insights

  • **Revenue**: $4.15 billion, up 13.31% YoY and 5.26% QoQ.
  • **Gross Profit**: $285 million, representing a 68.7% gross profit margin, a 13.98% increase YoY.
  • **Operating Income**: $227.46 million, up 315.76% YoY for an operating margin of 5.54%.
  • **Net Income**: $134.27 million, with a net profit margin of 3.24%, up 199.68% YoY.
  • **Earnings Per Share (EPS)**: $0.99, compared to $0.33 in Q3 2023, reflecting a 202.06% increase.

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 4,178.44 0.98 +0.7% View
Q2 2025 3,771.61 1.08 -4.4% View
Q1 2025 4,014.15 1.25 +2.9% View
Q4 2024 4,110.49 1.28 +7.0% View
Q3 2024 4,151.25 0.98 +13.3% View