Filing Flows › AECOM (ACM) › Q4 FY24
AECOM (ACM) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 19, 2024
AECOM (ACM) reported revenue of $4.1B for the fourth quarter fiscal 2024 (Q4 FY24), +7% from a year earlier and -1% from the quarter before. Operating margin was 5.8%, net earnings $173M (4.2% of revenue).
AECOM, Q4 FY24: revenue $4.1B (+7% year over year), operating margin 5.8%, net earnings $173M, operating cash flow $299M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | -1% | +7% |
| Gross profit | $294M | +3% | +17% |
| Operating profit | $236M | +4% | +194% |
| Net earnings | $173M | +29% | +577% |
| Operating cash flow | $299M | +3% | +5% |
| Free cash flow | $275M | — | +4% |
What changed
Revenue was $4.1B in Q4 FY24, up 7% year over year and down 1% from the previous quarter.
Gross margin was 7.2%, up 0.6 points from a year earlier. Operating profit was $0.24B, a 5.8% margin (up 3.7 points year over year). Of the extra revenue versus a year earlier, 58% reached operating profit, above the 2% margin then. Operating expenses fell 66% while revenue rose 7%. Net earnings were $0.17B, up 577% year over year. The effective tax rate was 16.0%.
Operating cash flow was $0.30B (up 5% year over year), 163% of net income including minority interests. Non-cash charges added back $0.04B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.05B. After capital expenditures, net ($0.02B), free cash flow as the company reports it was $0.27B.
Questions
What was AECOM's revenue in the fourth quarter fiscal 2024?
AECOM (ACM) reported revenue of $4.1B for the fourth quarter fiscal 2024 (Q4 FY24), +7% from a year earlier and -1% from the quarter before.
Was AECOM profitable in the fourth quarter fiscal 2024?
Operating profit was $236M (5.8% of revenue) and net earnings $173M.
Source: AECOM 10-K on SEC EDGAR.