Overview
- Amentum reported fiscal Q1 revenue of $3.24 billion, below the roughly $3.34 billion consensus from Zacks-surveyed analysts.
- Adjusted earnings were $0.54 per share, with GAAP earnings at $0.18 per share on net income of $44 million.
- The company issued full-year guidance of $2.25 to $2.45 in EPS and $13.95 billion to $14.3 billion in revenue.
- The stock fell about 9.6% on Tuesday morning following the report, though shares remain higher year to date and over the past 12 months.
- Free cash flow was negative $142 million in Q1, and management is targeting about $550 million for the full year.