Amentum Beats EPS, Misses Income Estimate
Amentum reported first-quarter income of $3.24 billion, lacking analyst estimates of $3.34 billion, in response to Benzinga Professional. The corporate reported first-quarter adjusted earnings of 54 cents per share, beating analyst estimates of 52 cents per share.
Amentum mentioned it had a backlog of $47.2 billion at quarter’s finish. As of Jan. 2, the corporate had $247 million in money and money equivalents.
“Amentum’s first-quarter outcomes mirror strong operational efficiency and continued progress on our strategic targets,” mentioned John Heller, CEO of Amentum Holdings.
“Strong bookings throughout our accelerating development markets reinforce the power of our technique that focuses on the high-demand mission areas of worldwide nuclear power, area methods and applied sciences, and important digital infrastructure.”
Amentum Reaffirms 2026 Outlook
Amentum expects 2026 income to be within the vary of $13.95 billion to $14.30 billion. The corporate expects full-year adjusted earnings to be between $2.25 and $2.45 per share.
Amentum executives will additional focus on the quarter on an earnings name scheduled for 8:30 a.m. ET Tuesday morning.
AMTM Inventory Falls After The Bell
AMTM Value Motion: Amentum shares had been down 9.76% in after-hours on Monday, buying and selling at $33 on the time of publication, per Benzinga Professional.
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