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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 third quarter fiscal year 2021 results LOS ANGELES ( August 9 , 2021 ) third quarter fiscal year 2021 results . AECOM ( NYSE : ACM ) , the world's trusted infrastructure consulting firm , today reported Third Quarter Fiscal 2021 Year - to - Date Fiscal 2021 ( from Continuing Operations ; $ in millions , except EPS ) Revenue As Adjusted¹ Reported ( Non - GAAP ) As Reported YoY % Change Adjusted YoY % Change $ 3,408 7 % As Reported $ 9,987 Adjusted¹ ( Non - GAAP ) As Reported YoY % Adjusted Change YoY % Change 3 % Net Service Revenue ( NSR ) 2 $ 1,524 1 % $ 4,569 ( 1 % ) Operating Income $ 160 $ 179 35 % 14 % $ 459 $ 510 45 % 11 % Segment Operating Margin³ ( NSR ) 14.1 % +90 bps 13.4 % +130 bps Net Income $ 28 $ 108 ( 69 % ) 23 % $ 200 $ 304 17 % 21 % EPS ( Fully Diluted ) $ 0.19 $ 0.73 ( 66 % ) 33 % $ 1.32 $ 2.01 25 % 29 % EBITDA4 $ 214 15 % $ 605 12 % Operating Cash Flow $ 320 72 % $ 387 NM Free Cash Flow5 $ 295 8 % $ 284 NM Backlog $ 39,687 ( 4 % ) Third Quarter and Year - to - Date Fiscal 2021 Highlights • • • • As compared to the prior year , third quarter revenue increased by 7 % to $ 3.4 billion , operating income increased by 35 % to $ 160 million , the operating margin increased by 100 basis points to 4.7 % , net income decreased by 69 % to $ 28 million and diluted earnings per share decreased by 66 % to $ 0.19 . Net income included $ 122 million of pre - tax costs related to the completed tender and final redemption of all of the Company's senior notes due 2024 . Net service revenue² ( NSR ) of $ 1.5 billion in the third quarter increased by 1 % and included a second consecutive quarter of accelerating growth in the Company's design business to 3 % ; Construction Management NSR declined as expected , however Construction Management backlog increased sequentially . The segment adjusted¹ operating margin³ on NSR2² increased by 90 basis points to 14.1 % in the third quarter and set a new quarterly high , reflecting operating efficiencies , strong execution and growth of higher - margin projects , as well as increased investments in growth and innovation . Adjusted EBITDA4 in the third quarter increased by 15 % to $ 214 million and adjusted diluted earnings per share increased by 33 % to a new quarterly record of $ 0.73 ; both metrics were ahead of the Company's expectations . Total wins of $ 3.7 billion resulted in a 1.1 book - to - burn ratio ; backlog in the Company's design business increased by 8 % over the prior year , including 7 % contracted backlog growth , and total backlog of $ 39.7 billion continues to provide long - term visibility . Fiscal 2021 Financial Guidance • AECOM is increasing its adjusted¹ EBITDA4 guidance to between $ 810 million and $ 830 million and increasing its diluted adjusted¹ EPS guidance for the third consecutive quarter to between $ 2.75 and $ 2.85 , which would reflect 10 % and 30 % growth from fiscal 2020 at the mid - point of the respective ranges . This guidance incorporates the Company's year - to - date adjusted EBITDA outperformance , as well as the benefits of already completed share repurchases and lower interest expense from the recently executed debt refinancing actions . 1