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AECOM Press Release Investor Contact : Will Gabrielski Senior Vice President , Finance , Treasurer 213.593.8208 William.Gabrielski@aecom.com Media Contact : Brendan Ranson - Walsh Vice President , Global Communications & Corporate Responsibility 213.996.2367 Brendan.Ranson-Walsh@aecom.com AECOM reports second quarter fiscal year 2021 results LOS ANGELES ( May 10 , 2021 ) - AECOM ( NYSE : ACM ) , the world's premier infrastructure consulting firm , today reported second quarter fiscal year 2021 results . Second Quarter Fiscal 2021 First Half Fiscal 2021 ( from Continuing Operations ; As $ in millions , except EPS ) Revenue Reported Adjusted¹ ( Non - GAAP ) As Reported YoY % Change Adjusted YoY % Change As $ 3,266 1 % Reported $ 6,579 Adjusted¹ ( Non - GAAP ) As Reported YoY % Adjusted Change YoY % Change 2 % Net Service Revenue ( NSR ) 2 $ 1,569 1 % $ 3,045 ( 2 % ) Operating Income $ 158 $ 172 43 % 8 % $ 299 $ 331 51 % 9 % Segment Operating Margin³ ( NSR ) 13.1 % +140 bps 13.1 % +140 bps Net Income $ 88 $ 100 82 % 14 % $ 172 $ 195 116 % 20 % EPS ( Fully Diluted ) $ 0.59 $ 0.67 97 % 22 % $ 1.13 $ 1.29 131 % 28 % EBITDA4 $ 202 -- 11 % $ 391 10 % Operating Cash Flow $ 59 NM $ 66 NM Free Cash Flow5 $ 3 NM ( $ 11 ) NM Backlog $ 39,427 ( 5 % ) Fiscal Second Quarter and First Half Fiscal 2021 Highlights As compared to the prior year , second quarter revenue increased by 1 % to $ 3.3 billion , operating income increased by 43 % to $ 158 million , the operating margin increased by 140 basis points to 4.8 % , net income increased by 82 % to $ 88 million and diluted earnings per share increased by 97 % to $ 0.59 . • Net service revenue² ( NSR ) of $ 1.6 billion in the second quarter increased by 1 % , consistent with the Company's expectations . • • The segment adjusted¹ operating margin³ on NSR² increased by 140 basis points to 13.1 % for both the second quarter and first half of the year , both record highs for the respective periods and reflective of the actions taken to drive operating efficiencies . Adjusted EBITDA4 in the second quarter increased by 11 % to $ 202 million and adjusted diluted earnings per share increased by 22 % to a new quarterly record of $ 0.67 ; both metrics were ahead of the Company's expectations . Backlog in the Company's design business increased by 8 % over the prior year , which was offset by a decline in the Construction Management business that was consistent with expectations , resulting in a 5 % decrease in total backlog to $ 39.4 billion . - U.S. federal COVID relief legislation in December and March , combined with improving global economic conditions , have resulted in faster client decision making , a strengthened pipeline of opportunities and strong wins in April . As underscored in ENR's most recent rankings , AECOM increased its ranking in the water design market organically to number two , maintained its market leading position in transportation and facilities design , and remains the number one environmental consulting firm , which positions the Company well to capitalize on opportunities in these markets as funding improves . 1