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(AWP Alliance News) - AECOM's Q3 2026 earnings call drew Chairman and CEO W. Troy Rudd, President Lara Poloni, Chief Financial and Operations Officer Gaurav Kapoor, SVP of Finance and investor relations Will Gabrielski, and analysts from RBC, Citi, Baird, UBS, KeyBanc, Truist, Goldman Sachs, and Vertical Research. Management flagged a USD 337 million pretax charge tied to delays on a large construction management project, pushing expected substantial completion from Q1 FY27 to near the end of Q2 FY27, with cash flow expected to remain pressured through the first half of FY27. The company also cited slower-than-anticipated starts on new construction management work and disruption from the Middle East conflict, which it expects to persist through Q4, as key factors behind weaker-than-expected net service revenue growth.
It updated full-year guidance to net service revenue of about USD 7.3 billion, adjusted EBITDA of USD 950 million, and adjusted EPS of USD 4.05 at the midpoint, while projecting free cash flow of USD 300 million. Backlog rose 13% to a record on a 1.6 book-to-burn ratio, including 1.8 in the Americas.
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Disclaimer: This news brief was created using generative artificial intelligence. AECOM published the original content used to generate this news brief on August 17, 2026, and is solely responsible for the information contained therein.
