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AECOM Press Release Will Gabrielski Investor Contact : Media Contact : Brendan Ranson - Walsh Senior Vice President , Finance , Investor Relations Vice President , Global Communications & Corporate Responsibility 213.593.8208 William.Gabrielski@aecom.com 213.996.2367 Brendan.Ranson - Walsh @ aecom.com AECOM reports first quarter fiscal year 2021 results LOS ANGELES ( February 8 , 2021 ) - AECOM ( NYSE : ACM ) , the world's premier infrastructure consulting firm , today reported first quarter fiscal year 2021 results . As Reported ( from Continuing Operations ; $ in millions , except EPS ) Revenue As Reported $ 3,313 Adjusted¹ ( Non - GAAP ) YoY % Change 2 % Adjusted YoY % Change Net Service Revenue ( NSR ) ² $ 1,476 Operating Income $ 141 $ 160 62 % ( 5 % ) 11 % Segment Operating Margin4 ( on NSR ) 13.1 % +140 bps Net Income $ 83 $ 95 170 % 28 % EPS ( Fully Diluted ) $ 0.54 $ 0.62 184 % 35 % EBITDA5 $ 189 9 % Operating Cash Flow $ 7 NM -- ( $ 14 ) 94 % $ 39,719 8 % 7 Free Cash Flow6 Backlog First Quarter Fiscal 2021 Accomplishments • • • . • • As compared to the prior year , revenue increased by 2 % to $ 3.3 billion , operating income increased by 62 % to $ 141 million , the operating margin increased by 160 basis points to 4.3 % , net income increased by 170 % to $ 83 million and diluted earnings per share increased by 184 % to $ 0.54 . Net service revenue² ( NSR ) of $ 1.5 billion declined by 2 % on an organic³ basis after adjusting for the impact of two fewer available workdays in the first quarter compared to the prior year . Backlog in the design business increased by 9 % over the prior year ; contracted backlog across the Professional Services business increased by 13 % and is at a record level . The segment adjusted¹ operating margin on NSR² increased by 140 basis points to 13.1 % , which is a record high for a first fiscal quarter . Adjusted¹ diluted earnings per share increased by 35 % to $ 0.62 and adjusted EBITDA5 increased by 9 % to $ 189 million over the prior year ; both metrics exceeded the Company's expectations . Operating cash flow was $ 7 million and free cash flow was a use of $ 14 million , which marks the strongest first quarter cash flow since fiscal 2018 and reflects a commitment to delivering more consistent cash flow phasing . The Company closed on the sale of its Power and Civil construction businesses in October 2020 and January 2021 , respectively . The Company has executed $ 630 million of stock repurchases since the beginning of September 2020 at an average price of approximately $ 45 per share , which has reduced the diluted share count by nearly 9 % to date ; the Company has $ 825 million of capacity remaining under its $ 1 billion Board repurchase authorization and remains committed to returning to investors substantially all available cash and cash flow after investments are made in the business . Fiscal 2021 Financial Guidance AECOM is increasing its diluted adjusted¹ EPS guidance to between $ 2.60 and $ 2.80 , which would reflect 26 % growth from fiscal 2020 at the mid - point ; this guidance incorporates the benefits from the accelerated pace of share repurchases during the first quarter and lower expected interest expense related to the Company's amendment to its senior secured credit facility . 1