Leading with Purpose, Delivering with Excellence
Discover the impact we made throughout 2024 in our latest Annual Report.
Fiscal 2024 was a year of many accomplishments. In addition to the new records we set across several of our key financial metrics, we made substantial investments that enabled us to grow our team of professionals, expand our key growth markets, further strengthen partnerships with our clients, and elevate our culture. Our commitment to delivering technical excellence — what we call our TechEx factor — is a core element of our Think and Act Globally strategy and allowed us to extend our competitive advantage and reach significant milestones throughout the year.
We have built an enviable position in the industry and are well positioned to capitalize on the strong longterm outlook for infrastructure.
Troy Rudd, Chief Executive Officer
Fiscal 2024 Financial Performance
Our fiscal 2024 performance included records for net service revenue, margins, earnings, and cash flow, and we exceeded the mid-points of our previously-increased adjusted EPS and adjusted EBITDA guidance. We also outperformed our guidance for margins and cash flow for the year. As a result, we created additional capacity to invest in growth while also returning approximately $560 million to shareholders through repurchases and dividend payments
In addition, our win rate and backlog remain at alltime highs. By ‘winning what matters’, our bookto-burn ratio has been 1.0 or better in each of the last 16 quarters, reflecting our strategic focus and expanding competitive advantage.
Record net
service revenue
8%
Organic Growth
in the Design
Business
Adjusted
EBITDA margin
+100 bps
Year-over-Year
Margin Expansion
Business
Adjusted
EPS
+22%
Year-over-Year
Growth
Adjusted
EBITDA
+14%
Year-over-Year
Growth
Record free
cash flow
+20%
Year-over-Year
Growth
Investing in Our People
We continue to attract and retain our industry’s best talent with a winning employee value proposition that offers extensive training, development and career opportunities that help our employees reach their full potential. By leveraging our global network of industry professionals, we are equipping our teammates with growth and mentorship programs that future-proof their careers.
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Transforming How We Work
Rapid advances in technology, evolving client preferences and changing markets continue to transform how we work — and how we deliver. From artificial intelligence to knowledge management, we are investing in the technology that will bring the best out of our people and maximize the impact of our projects.
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Extending Client Relationships
Our focus on nurturing long-term partnerships with our largest and fastest-growing clients is helping us ‘win what matters’. By bringing the best of AECOM to increasingly complex infrastructure challenges and leveraging our unrivaled technical capabilities and culture of collaboration, we are winning at a consistently high rate.
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Delivering Sustainable Legacies
Around the world, demand for sustainability and resilience has never been greater. The effects of worsening impacts from extreme climate events and increasing recognition of societal challenges compel us as an organization to act. That is the purpose of our Sustainable Legacies strategy — to ensure that the work we do in partnership with our clients leaves a positive, lasting impact for communities and our planet.
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