AECOM Technology (NYSE:ACM) shares rose more than 1% in extended trading Monday after its fiscal fourth-quarter results surpassed Street expectations on the top and bottom lines.
The infrastructure consulting firm posted revenue of $3.84 billion in the period, up from $3.43 billion a year earlier and topping expectations of $3.69 billion.
Adjusted earnings were $1.01 per share, up from $0.75 in the year-ago quarter and above expectations of $0.97.
Looking ahead, the Dallas-based company guided fiscal 2024 full-year earnings between $4.35 to $4.55.
“We have focused our capital and technical expertise on the fastest-growing markets around the globe, which has resulted in a record win rate on the highest-returning opportunities,” CEO Troy Rudd said in a statement.
“As reflected in our strong fiscal 2024 guidance, which includes 20% expected adjusted EPS growth, we have built an enviable leadership position and competitive advantage to fully capitalize on robust end market growth ahead.”
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