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.