Aecom (0H9N.L) Q3 2024: 0h9n L

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Aecom

0H9N.L

$103.13 -1.50%

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

0H9N.L

Aecom

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

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

Increasing

4.15B

QoQ: 5.26% | YoY: 13.31%

Gross Profit

Increasing

285.04M

6.87% margin

QoQ: 9.14% | YoY: 13.98%

Operating Income

Increasing

227.46M

QoQ: 13.46% | YoY: 315.76%

Net Income

Increasing

134.27M

QoQ: 13 233.96% | YoY: 199.68%

EPS

Increasing

0.99

QoQ: 9 800.00% | YoY: 202.06%

Revenue Trend

Margin Analysis

Financial Highlights

### Key Financial Metrics
- 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.

The strong growth across these metrics indicates Aecom's effective cost management and operational improvements. YoY comparisons reveal a robust trajectory towards increased profitability, driven by gaining market share in the infrastructure sector and strategic contract wins.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	4.15B	13.31%	5.26%
Gross Profit	285.04M	13.98%	9.14%
Operating Income	227.46M	315.76%	13.46%
Net Income	134.27M	199.68%	13 233.96%
EPS	0.99	202.06%	9 800.00%

Key Financial Ratios

Gross Profit Margin

Weak

6.87%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Fair

6.04%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

3.12%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

1.07%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

5.63%

Return on equity is acceptable but below top-tier companies

Current Ratio

Adequate

1.13

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.30

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Fair Value

22.80x

P/E ratio in line with market averages

Price to Book

Premium

5.14x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
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

Aecom (0H9N.L) Q3 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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