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AECOM raises guidance amid higher profits, lower revenue

August 9, 2022

Adjusted earnings per share, which excluded certain charges for the quarter, came in at 86 cents per share, besting Wall Street analysts’ expectations of 82 cents, according to stock analysis site Seeking Alpha. But total revenue missed analysts’ expectations by $250 million, Seeking Alpha said.

AECOM CEO Troy Rudd characterized a 10% increase in the firm’s design business backlog, which comes at the front end of the construction process, as evidence the firm can capitalize further on increased infrastructure funding, according to a press release.

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