AECOM (ACM) Q2 2022 Earnings Call Transcript

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

May 09, 2022 3:47 PM ETAECOM (ACM)

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Q2: 2022-05-09 Earnings Summary

EPS of $0.83 beats by $0.05 | Revenue of $3.21B (-1.59% Y/Y) misses by $179.80M

AECOM (NYSE:ACM) Q2 2022 Earnings Conference Call May 9, 2022 10:00 AM ET

Company Representatives

Troy Rudd - Chief Executive Officer

Lara Poloni - President

Gaurav Kapoor - Chief Financial Officer

Will Gabrielski - Senior Vice President, Finance, Treasury, Investor Relations

Michael Feniger - Bank of America - Analyst

Andy Wittmann - Baird - Analyst

Sabahat Khan - RBC Capital Markets - Analyst

Andy Kaplowitz - Citigroup - Analyst

Michael Dudas - Vertical Research - Analyst

Jamie Cook - Credit Suisse - Analyst

Steven Fisher - UBS - Analyst

Adam Thalhimer - Thompson Davis - Analyst

Operator

Good morning! And welcome to the AECOM Second Quarter 2022 Conference Call. I would like to inform all participants, this call is being recorded at the request of AECOM. This broadcast is the copyrighted property of AECOM. Any rebroadcast of this information in whole or part without the prior written permission of AECOM is prohibited. - Analyst

As a reminder, AECOM is also simulcasting this presentation with the slides at the Investors section at www.aecom.com. Later, we will conduct a question-and-answer session. [Operator Instructions]. - Analyst

I would like now to turn the call over to Will Gabrielski, Senior Vice President, Finance, Treasury, and Investor Relations. Please Will, go ahead. - Analyst

Will Gabrielski - Analyst

Thank you, operator. I would like to direct your attention to the Safe Harbor statement on page one of today's presentation. Today's discussion contains forward-looking statements about future business and financial expectations. Actual results may differ significantly from those projected in today's forward-looking statements due to various risks and uncertainties, including the risks described in our periodic reports filed with the SEC. Except as required by law, we undertake no obligation to update our Forward-Looking statements. - Analyst

We use certain non-GAAP financial measures in our presentation. The appropriate GAAP reconciliations are incorporated into our presentation which is posted to our website. References to margins and adjusted operating margins reflect the performance for the Americas and International segments. We will refer to Net Service Revenue or NSR, which is defined as revenue excluding pass-through revenue. - Analyst