Amentum Holdings, Inc. (AMTM) Q2 2025 Earnings Call Transcript
- Amentum Holdings, Inc. (NYSE:AMTM ) Q2 2025 Earnings Conference Call May 7, 2025 8:30 AM ET Company Participants Nathan Rutledge - Senior Vice President, Investor Relations John Heller - Chief Executive Officer Travis Johnson - Chief Financial Officer Steve Arnette - Chief Operating Officer Conference Call Participants Tobey Sommer - Truist Andre Madrid - BTIG Colin Canfield - Cantor Fitzgerald Ken Herbert - RBC Capital Markets Noah Poponak - Goldman Sachs Kristine Liwag - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by. Good morning, and welcome to Amentum's Second Quarter Fiscal Year 2025 Earnings Conference Call.
- 05/09/2025
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Amentum Reports Second Quarter Fiscal Year 2025 Results
- CHANTILLY, Va.--(BUSINESS WIRE)-- #2ndqtrFY25--Amentum Holdings, Inc. (“Amentum” or the “Company”) (NYSE: AMTM), a leading advanced engineering and technology company, today announced results for the second quarter ended March 28, 2025 and updated its outlook for fiscal year 2025, reaffirming the mid-points of prior guidance. “Amentum delivered solid results this quarter, underscoring the strength of our mission-focused portfolio and the consistency of demand across our markets,” said Amentum Chief Executive.
- 05/06/2025
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Jacobs Reports Strong Fiscal Second Quarter 2025 Results
- Backlog Grows by 20% Year-Over-Year with TTM Book-to-Bill Ratio of 1.3x Repurcha sed $351 Million of Jacobs Shares During Q2 and $552 Million in First Half of FY25 Exited Company's Retained Stake in AMTM and Announced May 30th Distribution of Remaining Shares Reaffirming FY 2025 Guidance DALLAS , May 6, 2025 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal second quarter ended March 28, 2025. Q2 2025 Highlights1: Gross revenue of $2.9 billion grew 2.2% y/y; adjusted net revenue2 up 3.1% y/y Revenue and profit adversely impacted by a reserve following an interim ruling against a consolidated JV in Q2 2025 GAAP net earnings of $11.2 million; adjusted EBITDA2 of $287 million Recorded $109.5 million in mark-to-market losses on Amentum (AMTM) investment, reducing Q2 2025 GAAP net income and EPS EPS of $0.10; adjusted EPS2 of $1.43 Backlog of $22.2 billion, up 20.0% y/y; Q2 book-to-bill 1.1x (1.3x TTM) Jacobs' Chair and CEO Bob Pragada commented, "We ended the first half of FY25 with solid performance across our business, led by strong Life Sciences, Transportation and Energy & Power revenue growth within Infrastructure & Advanced Facilities (I&AF).
- 05/06/2025
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Jacobs Solutions Announces Special Dividend of 7,299,065 Shares of Amentum Common Stock
- Record date set for May 16, 2025 DALLAS , April 30, 2025 /PRNewswire/ -- Jacobs (NYSE: J) announced today that its Board of Directors approved a special dividend of 7,299,065 shares of common stock of Amentum Holdings, Inc. (NYSE: AMTM) ("Amentum") distributable to Jacobs' shareholders of record as of the close of business on May 16, 2025 (the "Amentum Share Dividend"). Jacobs expects the Amentum Share Dividend to be made on May 30, 2025.
- 04/30/2025
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Amentum Announces Agreement to Divest its Rapid Solutions Product Business for $360 Million
- CHANTILLY, Va.--(BUSINESS WIRE)-- #Amentum--Amentum (NYSE: AMTM) today announced it has entered into a definitive agreement to sell its hardware and product business, Rapid Solutions, to Lockheed Martin (NYSE: LMT) for $360 million in cash. The transaction, which is subject to customary regulatory approvals and closing conditions, will advance Amentum's strategy as a pure-play provider of technology-enabled solutions and accelerates its debt reduction objectives. “The divestiture of Rapid Solutions sharpe.
- 04/23/2025
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Amentum: Stock Down, Setup Improving, Growth Potential
- Recent defense spin-off Amentum Holdings, Inc. is a stable business with growing revenue and free cash flow trading at 8.5x forward earnings. DOGE worries and normal spin-off overhangs have weighed on the stock, as well as the recent broad market sell-off. Meanwhile, the Trump administration has revealed plans for a $1tr defense budget, and RemainCo Jacobs has completed its planned divestiture, removing some selling pressure.
- 04/15/2025
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Amentum Secures $247 Million Global Counter-Threat Finance Contract
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AmentumWin--Amentum (NYSE: AMTM), a leading global technical and engineering solutions provider, has secured a $247.6 million contract from the U.S. Department of Defense (DOD) Air Combat Command (ACC), Acquisition Management and Integration Center (AMIC), Counternarcotics and Global Threats (CN>) Division. Amentum will leverage AI/Machine Learning-enabled tools and advanced analytical techniques to enable the DOD and partner agencies to deny, disrupt, destroy, or def.
- 04/14/2025
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Jacobs Announces Determination of Post-Closing Adjustments Relating to the Critical Mission Solutions Separation Transaction
- DALLAS , April 10, 2025 /PRNewswire/ -- Jacobs (NYSE:J) announced that it received $70 million and the right to receive 7,299,065 shares of common stock in Amentum Holdings, Inc. (NYSE: AMTM) in connection with the combination of Jacobs' Critical Mission Solutions and Cyber & Intelligence businesses with Amentum Parent Holdings LLC, which resulted in Amentum becoming a publicly traded company last year (the "CMS Separation Transaction"). These amounts represent the final determination of post-closing adjustments to the working-capital and merger consideration provided for in the CMS Separation Transaction agreements.
- 04/10/2025
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Amentum to Host Second Quarter Fiscal Year 2025 Earnings Conference Call on May 7, 2025
- CHANTILLY, Va.--(BUSINESS WIRE)-- #2ndQuarterFY25--Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, will host a conference call on May 7, 2025 at 8:30 AM EDT to discuss financial results for the second quarter fiscal year 2025 ending March 28, 2025. A news release containing the results will be issued prior to the call. The conference call will be webcast to the public through a link on Amentum's Investor Relations Website. A replay of the conference call, along.
- 04/02/2025
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Amentum Holdings: The Most Undervalued Nuclear Stock
- Amentum Holdings, a recent spin-off of Jacobs, is taking the critical asset engineering contracting industry by storm, with many new huge government contracts in defense and nuclear. 411% earnings growth this year with a healthy outlook. Heavily discounted to industry average due to recent IPO, lack of public visibility and tough market conditions.
- 03/23/2025
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Amentum Faces Growth Slump As Government Cuts Spending, Analyst Expects Merger To Boost Margins
- Goldman Sachs analyst Noah Poponak initiated coverage on Amentum Holdings, Inc. AMTM with a Neutral Rating, and a price forecast of $21.
- 03/20/2025
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Amentum Announces Corhyn Parr as Vice President of International Business Development
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AMTM--Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, today announced the appointment of Corhyn Parr as Vice President of International Business Development. Corhyn joins Amentum after a distinguished tenure as CEO of Nuclear Waste Services, a subsidiary of the UK's Nuclear Decommissioning Authority (NDA), where she played a pivotal role in advancing the UK's nuclear waste management strategies and initiatives. In her.
- 03/18/2025
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Amentum Announces Pricing of Secondary Offering
- CHANTILLY, Va.--(BUSINESS WIRE)--Amentum Holdings, Inc. (NYSE: AMTM) (“Amentum”) announced today the pricing of the previously announced secondary underwritten public offering (the “Offering”) of 19,464,174 shares of its common stock (the “Shares”) at a public offering price of $16.50 per share. The Offering is expected to close on March 13, 2025 subject to the satisfaction or waiver of customary closing conditions. Amentum is not selling any shares of common stock and will not receive any proc.
- 03/12/2025
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Rivada and Amentum Join Forces for Mission-Critical Connectivity
- The Outernet's backbone in space brings an unparalleled level of security to government & defense communications Highlights: Outernet is a constellation of 600 ultra-secure, networked low-earth orbit satellites Combining the speed of fiber with the reach of satellite Orbital mesh network with no terrestrial gateways ensures security by design WASHINGTON , March 11, 2025 /PRNewswire/ -- Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, is partnering with Rivada Space Networks to offer a unique, ultra-secure low earth orbit connectivity network to support mission-critical U.S. government communications around the globe. As the first unified global communications network, Rivada's Outernet is transformative.
- 03/11/2025
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Amentum Announces Launch of Secondary Offering
- CHANTILLY, Va.--(BUSINESS WIRE)--Amentum Holdings, Inc. (NYSE: AMTM) (“Amentum”) announced today the launch of a secondary underwritten public offering (the “Offering”) of 19,464,174 shares of its common stock (the “Shares”). Amentum is not selling any shares of common stock and will not receive any proceeds from the sale of the Shares in the Offering or from the debt-for-equity exchange (as described below). In connection with the Offering, a subsidiary of Jacobs Solutions Inc. (NYSE: J) (“Jac.
- 03/10/2025
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Amentum to Deliver Program and Project Management for New UK Nuclear Power Station
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AmentumWin--Amentum (NYSE: AMTM) has been selected as sole program and project management delivery partner for Sizewell C, a new nuclear power station that will strengthen the United Kingdom's energy security. “Sizewell C's always-on nuclear electricity will boost UK energy security at a time of volatile global gas prices, leading to lower and more predictable energy costs,” said Andy White, Senior Vice President of Amentum Energy & Environment International. “Our inter.
- 03/05/2025
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Amentum to Participate in the Raymond James Institutional Investor Conference
- CHANTILLY, Va.--(BUSINESS WIRE)-- #InstitutionalInvestors--Amentum (NYSE: AMTM), a leader in delivering advanced engineering and technology solutions to the U.S. government, allies and Fortune 500 companies, announced today that it will participate in the 46th Annual Raymond James Institutional Investor Conference in Orlando, Florida. John Heller, Chief Executive Officer, will engage in a fireside chat session on Tuesday, March 4, at 4:00 p.m. E.T. A live audio webcast of the event will be available on the Amentum Inves.
- 02/26/2025
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Amentum: A Spin-Off With A Solid Business And Attractive Valuation
- Amentum Holdings, Inc. trades at a significant discount to peers, despite strong medium-term guidance and upbeat analyst estimates. The company's diversified revenue streams, huge backlog, and strategic alignment with Trump administration priorities protect it against potential DOGE cuts. As well as DOGE, high debt levels and spin-off-related issues currently pressure the stock, but the company is deleveraging, and the spin-off overhangs should clear eventually.
- 02/23/2025
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Amentum Appoints Michele St. Mary as Chief Legal Officer and General Counsel
- CHANTILLY, Va.--(BUSINESS WIRE)-- #Amentum--Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, today announced the appointment of Michele St. Mary as Chief Legal Officer and General Counsel, effective immediately. St. Mary will lead Amentum's legal, ethics, compliance, contracts, and security functions globally. Her role includes oversight of corporate matters, including governance, transactional and securities law matters, advice on the full range of contra.
- 02/17/2025
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Amentum Selected for OASIS+ Multiple Award IDIQ
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AmentumWin--Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, was selected by the General Services Administration (GSA) for the One Acquisition Solution for Integrated Services Plus (OASIS+) multiple-award IDIQ acquisition program for all eight domains. Amentum will leverage its deep technical and domain expertise to deliver a broad set of solutions, including research and development, engineering, C4ISR, smart infrastructure.
- 02/10/2025
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Amentum Reports First Quarter Fiscal Year 2025 Results and Reaffirms Full Year Guidance
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AMTM--Amentum Holdings, Inc. (“Amentum” or the “Company”) (NYSE: AMTM), a leading advanced engineering and technology company, today announced results for the first quarter ended December 27, 2024, and reaffirmed its outlook for fiscal year 2025. "We are off to a strong start as a newly combined company," said Amentum Chief Executive Officer John Heller. "Our first quarter results were robust and in line with our expectations across all key financial metrics, includin.
- 02/04/2025
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Jacobs Reports Strong Fiscal First Quarter 2025 Results
- Backlog Grows by 18.9% Year-Over-Year with TTM Book-to-Bill Ratio of 1.3x Repurchased $202 Million of our Shares During Q1 Board Authorizes $1.5 Billion for Company's Largest Ever Share Repurchase Program Increasing Dividend to $0.32/share, a 10% Increase Year-Over-Year Raising FY 2025 Adjusted EPS Guidance Range DALLAS , Feb. 4, 2025 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal first quarter ended December 27, 2024. Q1 2025 Highlights1: Gross revenue of $2.9 billion grew 4.4% y/y; adjusted net revenue2 up 5.1% y/y Infrastructure & Advanced Facilities gross revenue grew 4.9% y/y; adjusted net revenue2 up 6.0% y/y GAAP net loss of $17.1 million, down 113.3% y/y; adjusted EBITDA2 of $282 million, up 23.6% y/y Recorded $145 million in mark-to-market losses on our investment in AMTM, reducing Q1 2025 GAAP net income EPS of ($0.10), down 109.7% y/y; adjusted EPS2 of $1.33, down 8.3% y/y (tax benefit of $0.49/share in Q1 2024) Backlog of $21.8 billion, up 18.9% y/y; Q1 book-to-bill 1.0x (1.3x TTM) Jacobs' Chair and CEO Bob Pragada commented, "Our focus on the transformed portfolio is already having a positive impact on results.
- 02/04/2025
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Amentum Awarded $447 Million Air Forces Prepositioned Asset Management Services Program
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AirForce--Amentum (NYSE: AMTM), a global leader in advanced engineering and technology solutions, has been awarded the Air Forces Central Command Global Prepositioned Materiel Services (GPMS) contract to deliver and modernize prepositioned storage and maintenance solutions. The contract, valued at $447 million, assures mission readiness at scale. “This win demonstrates our expertise in delivering smart asset management solutions that maximize efficiency, extend asset life.
- 01/09/2025
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Amentum Secures $279 Million U.S. Air Force Contract to Deliver Critical Airfield Management Solutions
- CHANTILLY, Va.--(BUSINESS WIRE)-- #ACCOM--Amentum (NYSE: AMTM) a leading provider of global engineering and innovative technology solutions, was awarded a $279 million contract by the U.S. Air Force to provide aviation operations solutions across the Ninth Air Force (Air Forces Central). This contract underscores Amentum's commitment to enhancing the U.S. military's mission readiness and operational success worldwide. “Amentum's proven expertise in delivering large-scale, complex operations in challengi.
- 12/19/2024
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Amentum Stock Drops on Expected Winding Down of Government Programs
- Amentum Holdings (AMTM) swung to a fourth-quarter profit but shares sank Tuesday when executives said in the company's earnings call that they see fiscal 2025 growth being affected by an expected winding down of certain government programs.
- 12/17/2024
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Amentum selloff creating buying opportunity, says Raymond James
- Amentum reported its inaugural quarterly results, with Q4 revenue that beat estimates by 3.6%, AEBITDA that beat by 8.7%, and margins of 7.8%, hitting the core tenants of Raymond James' initiation less than a month ago supporting the view of low-single to mid-single digit organic growth, margin expansion, and a highly visible stream of free cash flow to de-lever, the analyst tells investors in a research note. While the stock is giving up its gains since the initiation, the firm still sees meaningful upside, and says the selloff is creating a buying opportunity. Raymond James reiterates a Buy rating and $30 price target.
- 12/17/2024
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Amentum Holdings, Inc. (AMTM) Q4 2024 Earnings Call Transcript
- Amentum Holdings, Inc. (NYSE:AMTM ) Q4 2024 Earnings Conference Call December 17, 2024 8:30 AM ET Company Participants Nathan Rutledge - Senior Vice President, Investor Relations John Heller - Chief Executive Officer Travis Johnson - Chief Financial Officer Steve Arnette - Chief Operating Officer Conference Call Participants Tobey Sommer - Truist Trevor Walsh - Citizens JMP Brian Gesuale - Raymond James Operator Ladies and gentlemen, thank you for standing by. Good morning, and welcome to Amentum's Fiscal Year 2024 Earnings Conference Call.
- 12/17/2024
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Amentum Holdings Stock Is Rising After Earnings. What We Know.
- The engineering and technology company swings to a profit in its fiscal fourth quarter.
- 12/17/2024
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Amentum Reports Fiscal Year 2024 Results and Affirms its Fiscal Year 2025 Guidance
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AMTM--Amentum Holdings, Inc. (“Amentum” or the “Company”) (NYSE: AMTM), a leading advanced engineering and technology company, today announced results for the fiscal year ended September 27, 2024, and affirmed its outlook for fiscal year 2025. “We reported strong results for fiscal year 2024, delivering top-line and bottom-line growth,” commented Amentum Chief Executive Officer John Heller. “2024 was a significant year in our Company's history, culminating in the merg.
- 12/16/2024
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Amentum Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
- Amentum Holdings, Inc. AMTM will release earnings results for its latest quarter, before the opening bell on Tuesday, Dec. 17.
- 12/13/2024
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Amentum Selected to Evaluate Small Modular Reactor Option in Norway
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AmentumWin--Amentum (NYSE: AMTM) and Multiconsult Norge AS were selected by Halden Kjernekraft AS to evaluate the potential for building a small modular reactor (SMR) in Norway, helping Halden municipality to decide whether nuclear power can meet advanced energy needs. The two companies will carry out an assessment of potential suppliers of equipment and services within Norway and from abroad, as well as reporting on technical standards, environmental impact and other key a.
- 12/11/2024
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Amentum Awarded $105M Research, Development, Test and Evaluation (RDT&E) Contract to Enhance Electronic Warfare (EW) Systems
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AmentumWin--Amentum (NYSE: AMTM) has been awarded a $105 million contract to support Naval Surface Warfare Center Crane (NSWC Crane) Airborne Electronic Attack Systems Division (AEASD) to develop the next generation of Electronic Warfare (EW) and Intelligence, Surveillance, and Reconnaissance (ISR) mission and survivability systems. Amentum will replace aging or obsolete components and systems and install state-of-the-art technology to enhance the capabilities of EW and ISR.
- 12/09/2024
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Apollo Global Management and Workday Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
- NEW YORK , Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.
- 12/06/2024
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Amentum Team Awarded DOE West Valley Deactivation & Demolition Contract
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AmentumWin--Amentum (NYSE:AMTM) announced today that West Valley Cleanup Alliance, LLC (WVCA), a BWXT Technical Services Group-led joint venture that includes Jacobs Technology, an Amentum company, and Geosyntec Consultants, Inc, has been awarded the West Valley Project Phase 1B Deactivation & Demolition contract. Amentum will bring advanced environmental capabilities to safely clean up the West Valley Demonstration Project (WVDP) in western New York state. “With our ex.
- 12/04/2024
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Amentum Appoints Darren Burton as Chief People Officer
- CHANTILLY, Va.--(BUSINESS WIRE)-- #CPO--Amentum (NYSE: AMTM) today announced the appointment of Darren Burton as Chief People Officer, effective immediately. Burton will lead all aspects of the company's talent strategy and talent management that supports a diverse global workforce. Amentum, with 53,000 employees in approximately 80 countries across all 7 continents, is a global leader in providing advanced engineering and technology solutions for the United States, the U.K. and other allied nations,.
- 12/02/2024
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Environmental Consulting Service Market Skyrockets to $77.35 Billion by 2031 Dominated by Tech Giants - AECOM Inc., Jacobs Engineering Group Inc. and Arcadis N.V. | The Insight Partners
- The global environmental consulting service market is set for explosive growth, with projections indicating a surge to $77.35 billion by 2031. This remarkable expansion, driven by the increasing awareness in industries regarding environment impact. The global environmental consulting service market is set for explosive growth, with projections indicating a surge to $77.35 billion by 2031. This remarkable expansion, driven by the increasing awareness in industries regarding environment impact.
- 11/26/2024
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Amentum Stock Is Leading the S&P 500. What We Know.
- The engineering and technology solutions company was spun off by Jacobs Solutions in September.
- 11/21/2024
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Jacobs Reports Strong Fiscal Fourth Quarter and Fiscal Year 2024 Earnings
- Successful Separation and Merger of CMS and C&I, Now Trading as Amentum (NYSE: AMTM) Backlog Grows by 23% y/y with TTM Book-to-Bill Ratio of 1.35x FY 2025 Guidance Highlights Favorable Growth and Margin Expectations DALLAS , Nov. 19, 2024 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal fourth quarter and fiscal year ended September 27, 2024. Q4 2024 Financial Highlights from Continuing Operations: Revenue of $3.0 billion grew 4.4% y/y; adjusted net revenue1 up 4.3% y/y Net income of $309 million, up 333.1% y/y; Adjusted EBITDA1 of $289 million, up 12.5% y/y EPS of $2.38, up 277.8% y/y; adjusted EPS1 of $1.37, up 28.0% y/y Recorded $187 million in mark-to-market gains on our investment in AMTM, increasing Q4 GAAP net income Backlog of $21.8 billion, up 22.5% y/y; Q4 book-to-bill 1.67x (1.35x TTM) Fiscal Year 2024 Highlights from Continuing Operations: Revenue of $11.5 billion grew 6.0% y/y; adjusted net revenue1 up 5.1% y/y Net income of $613 million, up 61.6% y/y; Adjusted EBITDA1 of $1,059 million, up 8.9% y/y EPS of $4.79, up 57.0% y/y; adjusted EPS1 of $5.28, up 15.8% y/y Cash conversion and reported free cash flow conversion1 exceeded 100% Jacobs' Chair and CEO Bob Pragada commented, "We reached a critical milestone on our strategic shift toward a simpler, higher-value, and higher-margin portfolio during the quarter as we closed the separation transaction involving our Critical Mission Solutions and Cyber & Intelligence businesses, culminating with Amentum successfully listing on the NYSE under the ticker AMTM.
- 11/19/2024
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Amentum a Partner on Fermi National Accelerator Laboratory Contract Award
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AmentumWin--Amentum (NYSE: AMTM), a market leader in energy and environmental engineering solutions, announced today that the U.S. Department of Energy Office of Science has awarded the contract to manage and operate Fermi National Accelerator Laboratory (Fermilab) to a consortium that includes Amentum. The consortium will deliver cutting-edge scientific program management expertise to drive Fermilab's mission of understanding the physics of our universe. The contract was a.
- 11/04/2024
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Amentum Awarded $490M Contract to Modernize U.S. Navy's Multi-Engine Training Aircraft Fleet
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AmentumWin--The U.S. Navy awarded Amentum (NYSE: AMTM) a $490 million contract to deliver comprehensive contractor logistics support (CLS) of the state-of-the-art T-54A Multi Engine Training System (METS). This innovative system will supersede the aging T-44C aircraft, as Amentum collaborates with the Navy and Textron, the original equipment manufacturer, to modernize the Navy's training aircraft fleet. Amentum's expert fleet management support to the METS program strategic.
- 10/28/2024
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Amentum to Announce Fiscal Year 2024 Results, Host Conference Call December 17, 2024
- CHANTILLY, Va.--(BUSINESS WIRE)-- #InvestorRelations--Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, will host a conference call on December 17, 2024, at 8:30 AM EST to discuss financial results for full fiscal year 2024 (ending September 27, 2024). A news release containing the results will be issued prior to the call. The conference call will be webcast to the public through a link on Amentum's Investor Relations Website. A replay of the conference call, along w.
- 10/24/2024
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Amentum Secures $256M Contract to Propel NASA's Space Exploration Projects
- CHANTILLY, Va.--(BUSINESS WIRE)-- #AmentumWin--Amentum (NYSE: AMTM) was awarded the Fully Integrated Lifecycle Mission Support Services II (FILMSS II) contract by NASA with a maximum value of $256 million to spearhead cutting-edge technologies and manage groundbreaking science projects in support of NASA's exploration and aeronautics objectives at the Ames Research Center. Through this partnership, Amentum will introduce advanced project management tools that will enhance NASA's capabilities in space science.
- 10/07/2024
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Amentum's Soaring Debut: Merger, Index Inclusion and Stronger Economic Data
- The market welcomes Amentum (AMTM, Financial) following the completion of its merger with Jacobs' Critical Mission Solutions and Cyber & Intelligence businesses. This combined entity is now traded under the ticker symbol AMTM not only on the New York Stock Exchange (NYSE) but also included in the prestigious S&P 500 index.
- 10/04/2024
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Amentum Stock Reverses Its Gains After Joining S&P 500
- The newest stock to join the S&P 500 has had a volatile introduction to the stock market. After skyrocketing more than 22% to lead the benchmark index in their first day of trading on Monday, shares of Amentum Holdings (AMTM) gave up most of those gains Tuesday.
- 10/01/2024
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S&P 500 Gains and Losses Today: Index Falls as Port Workers Begin Strike
- Major U.S. equities indexes moved lower as dockworkers went on strike at port facilities on the East and Gulf coasts. The labor action by members of the International Longshoremen's Association (ILA) could unsettle supply chains and cause a ripple of impacts throughout the economy, including a potential increase in inflation.
- 10/01/2024
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S&P 500 Gains and Losses Today: Late Rally Lifts Index to Record To Close Out Q3
- After trading in negative territory for most of the day, major U.S. equities indexes rallied in the afternoon to close out the first session of the new week and the final day of the third quarter with gains.
- 09/30/2024
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Jacobs Advances Strategic Transformation with Completion of Previously Announced Spin-off and Merger
- Jacobs retains its innovative, next-generation data solutions and digital technologies business Newly streamlined portfolio enables company to focus on distinct strategies in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water DALLAS , Sept. 27, 2024 /PRNewswire/ -- Jacobs (NYSE: J) announced today the completion of the spin-off of its Critical Mission Solutions and Cyber & Intelligence government services businesses (the "Separated Business") and merger with Amentum Parent Holdings LLC, forming an independent, publicly traded company called Amentum Holdings, Inc. (NYSE: AMTM) ("Amentum").
- 09/27/2024
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Amentum Completes Transformational Combination with Jacobs' Critical Mission Solutions and Cyber and Intelligence Units
- CHANTILLY, Va.--(BUSINESS WIRE)-- #Amentum--Amentum (the “Company”), today announced the completion of its merger with Jacobs Solutions Inc.'s (“Jacobs”) Critical Mission Solutions and Cyber and Intelligence businesses. The combination creates a global leader in advanced engineering and innovative technology solutions, well positioned to address its customers' most significant and complex challenges. Amentum will begin regular-way trading on the New York Stock Exchange (“NYSE”) on Monday, September 30, un.
- 09/27/2024
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Amentum to replace Bath & Body Works on S&P 500
- The engineering and tech-services firm Amentum will replace home-goods and fragrance chain Bath & Body Works on the S&P 500 at the end of the month, S&P Dow Jones Indices said Tuesday.
- 09/24/2024
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Amentum Set to Join S&P 500; Bath & Body Works to Join S&P SmallCap 600
- NEW YORK, Sept. 24, 2024 /PRNewswire/ -- Amentum Holdings Inc. (NYSE: AMTM) will be added to the S&P 500 effective prior to the open of trading on Monday, September 30, replacing Bath & Body Works, Inc. (NYSE: BBWI), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 1. Bath & Body Works will replace Movado Group, Inc. (NYSE: MOV) in the S&P SmallCap 600 also effective prior to the open of trading on October 1. S&P 500 constituent Jacob's Solutions Inc. (NYSE: J) is spinning off its Critical Mission Solutions and Cyber Intelligence business, which will merge with private Amentum to create newly publicly traded Amentum Holdings in a transaction expected to be completed on September 30. Bath & Body Works is no longer representative of the large-cap market space and Movado is no longer representative of the small-cap market space.
- 09/24/2024
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