AECOM May Consider Market Shifts Amid Profit Shortfall

November 15, 2018

Via: ENR

AECOM delivered some good news in reporting its latest quarter and year-end results on Nov. 12, noting records in both revenue, which rose 8% to $20.2 billion for fiscal 2018 and in backlog, up 14% to $54.1 billion.

But the design-build giant’s profit picture was less rosy, with net income down 5% for the fourth quarter year over year to $84 million, and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the year at $233 million, below analysts’ consensus of $277 million.

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