AECOM today reported strong second quarter fiscal 2025 results, outperforming expectations and increasing its financial guidance for a second consecutive quarter. Net Service Revenue (NSR) grew 4%, with adjusted EPS up 20% to $1.25 and adjusted EBITDA up 8% to $290 million.
The company achieved a new second quarter high for segment adjusted operating margin at 16.1%, a 90 basis point improvement year-over-year. Free cash flow surged by 141% in the quarter to $178 million, and is up 80% fiscal year-to-date, demonstrating high earnings quality.
Total backlog grew to a record $24.269 billion, with a 1.2x book-to-burn ratio in the Americas segment and 1.1x in the International segment. This record backlog provides strong visibility for the second half of fiscal 2025 and beyond, underpinning confidence in further margin expansion.
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