AECOM Records $337M Legacy Charge While Setting Strong FY26 Profit Targets

Key Facts

1AECOM recorded a $337 million charge related to a legacy Construction Management project awarded in 2019.

2The company expects adjusted EPS of $5.90-$6.10 for FY26, excluding the legacy charge.

3Management targets a 15%+ adjusted EPS CAGR through FY29, supported by a record backlog.

AECOM recorded a $337 million charge related to a legacy Construction Management project originally awarded in 2019. Seeking Alpha reported that while this significant one-time cost impacted recent performance, the company's core design franchise remains resilient despite the legacy contract obligations.

The company expects to achieve adjusted EPS between $5.90 and $6.10 for the 2026 fiscal year, excluding the impact of the legacy charge. Management is targeting an adjusted EPS compound annual growth rate of over 15% through fiscal year 2029, a goal supported by what the company describes as a record backlog of projects.