{"success":true,"data":{"pressRelease":{"id":"114642","rtpr_id":"nBw3CvKwsa","ticker":"AMTM","exchange":"NYSE","all_tickers":["AMTM"],"title":"Amentum Reports Third Quarter Fiscal Year 2026 Results","author":"Business Wire","published_at":"2026-08-10T20:30:00.579Z","article_body":"Amentum Reports Third Quarter Fiscal Year 2026 Results\n\nRevenues of $3.5 billion\n\nNet Income of $66 million; Adjusted EBITDA of $290 million\n\nDiluted Earnings Per Share of $0.27; Adjusted Diluted Earnings Per Share of\n$0.67\n\nOperating Cash Flow of $146 million; Free Cash Flow of $135 million\n\nBacklog of $48.2 billion; Book-to-Bill of 1.1x, Last Twelve Months 1.3x\n\nAmentum Holdings, Inc. (“Amentum” or the “Company”) (NYSE: AMTM), a\nleading advanced engineering and technology company, today announced results\nfor the third quarter ended July 3, 2026.\n\n“We delivered solid third quarter results with strong operating performance,\nprofitability, and free cash flow,\" said Amentum Chief Executive Officer John\nHeller. “Although near-term dynamics have impacted our revenue outlook, our\nstrong year-to-date results allow us to increase guidance for both Adjusted\nEBITDA and Adjusted Diluted EPS. Looking ahead, we’ve made significant\nprogress executing our strategy and our leading business development\nindicators remain robust including recently announced key wins and\npartnerships in global nuclear energy. We remain focused on delivering\ndifferentiated solutions to our customers and driving long-term value for our\nshareholders.”\n Summary Operating Results           \n   Three Months Ended \n (in millions, except per share data) July 3, 2026   June 27, 2025   % Change \n GAAP Measures:           \n Revenues $3,490   $3,561   (2%) \n Operating income $172   $103   67% \n Net income $66   $10   560% \n Diluted earnings per share $0.27   $0.04   575% \n             \n Non-GAAP Measures(1):           \n Adjusted EBITDA(1) $290   $274   6% \n Adjusted EBITDA Margin(1) 8.3%   7.7%   +60 bps \n Adjusted Diluted Earnings Per Share (EPS)(1) $0.67   $0.56   20% \n Free Cash Flow(1) $135   $100   35% \n\n 1 – Non-GAAP financial measures should be considered in addition to, but not \n as a substitute for, the information provided in accordance with GAAP. \n Management believes that these non-GAAP measures provide another measure of \n Amentum’s results of operations and financial condition, including its \n ability to comply with financial covenants. See Unaudited Non-GAAP Financial \n Measures at the end of this press release for more information and a \n reconciliation of our selected reported results to these non-GAAP measures. \n\n\nGAAP Results\n\nRevenues of $3,490 million decreased 2% year-over-year driven by a 3% impact\nfrom the transition of certain contracts from consolidated to unconsolidated\njoint ventures and fiscal year 2025 divestitures; partially offset by the\nramp-up of new contract awards in critical digital infrastructure and space\nsystems and technologies. Operating income increased as a result of strong\noperational performance and decreased intangible amortization expense. Net\nincome and diluted earnings per share improved year-over-year, supported by\nhigher operating income and lower interest expense.\n\nNon-GAAP Results\n\nAdjusted EBITDA of $290 million resulted in Adjusted EBITDA Margins of 8.3%,\nup from 7.7% in the prior year quarter, driven by continued progress on our\nmargin expansion initiatives including a favorable mix shift and strong\noperational performance. Adjusted Net Income and Adjusted Diluted Earnings Per\nShare increased primarily as a result of the strong operational performance\nand lower interest expense.\n\nNon-GAAP Segment Results\n   Three Months Ended \n (in millions) July 3, 2026   June 27, 2025   % Change \n Revenues           \n Digital Solutions $1,457   $1,421   3% \n Global Engineering Solutions 2,033   2,140   (5%) \n Total Revenues $3,490   $3,561   (2%) \n             \n Adjusted EBITDA(1)           \n Digital Solutions $116   $114   2% \n Global Engineering Solutions 174   160   9% \n Total Adjusted EBITDA $290   $274   6% \n\n 1 – Non-GAAP financial measures should be considered in addition to, but not \n as a substitute for, the information provided in accordance with GAAP. \n Management believes that these non-GAAP measures provide another measure of \n Amentum’s results of operations and financial condition, including its \n ability to comply with financial covenants. See Unaudited Non-GAAP Financial \n Measures at the end of this press release for more information and a \n reconciliation of our selected reported results to these non-GAAP measures. \n\n\nDigital Solutions revenues increased 3% year-over-year driven by the ramp-up\nof new contract awards in critical digital infrastructure and space systems\nand technologies, partially offset by the fiscal year 2025 divestiture of\nRapid Solutions. Adjusted EBITDA increased 2% year-over-year as a result of\nincreased revenue volume, partially offset by the divestiture of Rapid\nSolutions.\n\nGlobal Engineering Solutions revenues decreased 5% year-over-year due to\ncontract transitions from consolidated to unconsolidated joint ventures, a\nfiscal year 2025 divestiture, and the expected ramp-down of other historical\nprograms; partially offset by the ramp up of new contract awards. Adjusted\nEBITDA increased 9% year-over-year as a result of continued progress on our\nmargin expansion initiatives, favorable contract mix, and strong program\nperformance.\n\nCash Flow Summary\n\nIn the third quarter, Amentum generated $146 million and $3 million of net\ncash from operating activities and investing activities, respectively, and\nused $121 million in financing activities. Net cash provided by operating\nactivities was driven by strong cash earnings, disciplined working capital\nmanagement, and reflects one additional pay cycle compared to the prior year\nquarter. Net cash provided by investing activities included $11 million in\ncapital expenditures and $10 million in cash proceeds from the sale of a\nminority stake in a legacy joint venture. Net cash used in financing\nactivities consisted primarily of the $125 million voluntary principal payment\non the Term Loan B and the impacts from the first amendment to the credit\nfacility. As of July 3, 2026, Amentum had $459 million in cash and cash\nequivalents and $3,875 million of gross debt.\n\nBacklog and Contract Awards\n\nAs of July 3, 2026, the Company had total backlog of $48.2 billion, compared\nwith $44.6 billion as of June 27, 2025, an increase of 8% driven by $17.7\nbillion in net bookings and 1.3x book-to-bill. Funded backlog as of July 3,\n2026 was $6.2 billion, compared with $5.6 billion as of June 27, 2025, an\nincrease of 10%.\n\nNotable Highlights\n\n\n * Global Nuclear Energy – Amentum booked over $400 million for the initial\nengineering, development, and design of advanced nuclear technologies in the\ngrowing global nuclear market. These awards support our long-term growth\nopportunity in next-generation nuclear.\n\n * Continued Growth in Critical Digital Infrastructure – Amentum was awarded\napproximately $250 million in contracts to support communication networks,\ncloud and data center infrastructure, and critical technology modernization.\nThese wins build on Amentum’s core strengths in delivering integrated,\nlarge-scale digital infrastructure across both commercial and government\nmarkets.\n\n * Classified U.S. and International Defense Awards – Amentum was awarded over\n$1 billion in awards to provide defense engineering, logistics, and\nmodernization solutions for U.S. and allied military operations. These awards\nreinforce Amentum’s position as a trusted partner supporting global defense\nreadiness and mission sustainment.\n\n * Contract for Organizing Spaceflight Mission Operations and Systems (COSMOS)\n– Amentum booked ~$500 million associated with NASA’s award of the\nnine-year COSMOS contract to our mentor-protégé joint venture, to support\nflight mission operations. The previously announced protest was resolved\nduring the quarter and therefore the award is now reflected in backlog and\nbook-to-bill.\n\n * Center Maintenance Operations and Engineering (CMOE II) – NASA’s Langley\nResearch Center awarded Amentum a $974 million, 10-year IDIQ contract to\ndeliver cutting-edge support for advanced research, systems engineering, and\ninfrastructure modernization. The previously announced protest was resolved\nduring the quarter and therefore the award is now reflected in backlog and\nbook-to-bill.\n\nFiscal Year 2026 Guidance\n\nAmentum updates its fiscal year 2026 guidance as follows:\n (in millions, except per share data)   Updated Guidance   Prior Guidance \n Revenues     $13,800   -   $13,950     $13,950   -   $14,300   \n Adjusted EBITDA(1)     $1,115   -   $1,140     $1,100   -   $1,140   \n Adjusted Diluted EPS(1)     $2.40   -   $2.50     $2.25   -   $2.45   \n Free Cash Flow(1)     $525   -   $575     $525   -   $575   \n\n 1 – Represents a Non-GAAP financial measure - see the related explanations \n included elsewhere in this release. Amentum does not provide a reconciliation \n of forward-looking non-GAAP financial measures to the most directly comparable \n GAAP measures due to the inherent difficulty in forecasting and quantifying \n certain significant items. These items are uncertain, depend on various \n factors and could have a material impact on GAAP reported results for the \n relevant period. \n\n\nWebcast Information\n\nAmentum will host a conference call beginning at 8:30 a.m. Eastern time on\nTuesday, August 11, 2026 to discuss the results for the third quarter ended\nJuly 3, 2026. The conference call will be webcast simultaneously to the public\nthrough a link on the Investor Relations section of the Amentum website at\namentum.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.amentum.com%2F&esheet=54585992&newsitemid=20260810801923&lan=en-US&anchor=amentum.com&index=1&md5=02380f2d17c6d3aa266064a47065597e)\n. After the call concludes, a replay of the webcast can be accessed on the\nInvestor Relations website.\n\nAbout Amentum\n\nAmentum is a global leader in advanced engineering and innovative technology\nsolutions, trusted by the United States and its allies to address their most\nsignificant and complex challenges in science, security and sustainability.\nOur people apply undaunted curiosity, relentless ambition and boundless\nimagination to challenge convention and drive progress. Our commitments are\nunderpinned by the belief that safety, collaboration and well-being are\nintegral to success. Headquartered in Chantilly, Virginia, we have\napproximately 50,000 employees in over 70 countries across all 7 continents.\n\nVisit us at amentum.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.amentum.com%2F&esheet=54585992&newsitemid=20260810801923&lan=en-US&anchor=amentum.com&index=2&md5=3eef01a32b63feb5291001b423330c6f)\nto learn how we advance the future together.\n\nCautionary Note Regarding Forward Looking Statements\n\nThis release contains or incorporates by reference statements that relate to\nfuture events and expectations and, as such, could be interpreted to be\n“forward-looking statements” as that term is defined in the Private\nSecurities Litigation Reform Act of 1995 and other federal securities laws.\nForward-looking statements may be characterized by terminology such as\n“believe,” “project,” “expect,” “anticipate,” “estimate,”\n“forecast,” “outlook,” “target,” “endeavor,” “seek,”\n“predict,” “intend,” “strategy,” “plan,” “may,”\n“could,” “should,” “will,” “would,” “will be,” “will\ncontinue,” “will likely result,” or the negative thereof or variations\nthereon or similar terminology generally intended to identify forward-looking\nstatements. All statements other than statements of historical fact are\nstatements that could be deemed forward-looking statements, including\nprojections of financial performance; statements of plans, strategies and\nobjectives of management for future operations; any statement concerning\ndevelopments, performance or industry rankings relating to products or\nservices; any statements regarding future economic conditions or performance;\nany statements of assumptions underlying any of the foregoing; any statements\nregarding industry and market trends; and any other statements that address\nactivities, events or developments that the Company intends, expects,\nprojects, believes or anticipates will or may occur in the future.\n\nImportant factors that could cause actual results to differ materially from\nsuch plans, estimates or expectations include, among others: changes in U.S.\nor global economic, financial, business and political conditions, including\nchanges to governmental budgetary priorities and tariffs and the ongoing\nconflicts in Europe and the Middle East; our ability to comply with the\nvarious procurement and other laws and regulations; risks associated with\ncontracts with governmental entities; reviews and audits by the U.S.\ngovernment and others; changes to our professional reputation and relationship\nwith government agencies; the occurrence of an accident or safety incident;\nthe ability of the Company to control costs, meet performance requirements or\ncontractual schedules, compete effectively or implement its business strategy;\nthe ability of the Company to retain and hire key personnel, and retain and\nengage key customers and suppliers; the failure to realize the anticipated\nbenefits of the 2024 transaction with Jacobs Solutions Inc.; potential\nliabilities associated with shareholder litigation or other settlements or\ninvestigations; evolving legal, regulatory and tax regimes; and other factors\nset forth under Item 1A, Risk Factors in the annual report on Form 10-K (the\n“Annual Report”), and from time to time in documents that we file with the\nSEC. The above list of factors is not exhaustive or necessarily in order of\nimportance. For additional information on identifying factors that may cause\nactual results to vary materially from those stated in forward-looking\nstatements, see the discussions under the section entitled “Risk Factors”\nin the Annual Report. Any forward-looking statement speaks only as of the date\non which it is made, and we assume no obligation to update or revise such\nstatement, whether as a result of new information, future events or otherwise,\nexcept as required by applicable law.\n\nNon-GAAP Measures\n\nThis release includes the presentation and discussion of Adjusted EBITDA,\nAdjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings Per\nShare, Free Cash Flow, and Net Leverage, which are not measures of financial\nperformance under Generally Accepted Accounting Principles in the United\nStates (“GAAP”). These non-GAAP measures should be considered only as\nsupplements to, and should not be considered in isolation or used as\nsubstitutes for, financial information prepared in accordance with GAAP.\nManagement of the Company believes these non-GAAP measures, when read in\nconjunction with the Company’s financial statements prepared in accordance\nwith GAAP and, where applicable, the reconciliations herein to the most\ndirectly comparable GAAP measures, provide useful information to management,\ninvestors and other users of the Company’s financial information in\nevaluating operating results and understanding operating trends by adjusting\nfor the effects of items we do not consider to be indicative of the\nCompany’s ongoing performance, the inclusion of which can obscure underlying\ntrends. Additionally, management of the Company uses such measures in its\nevaluation of business performance, particularly when comparing performance to\npast periods, and believes these measures are useful for investors because\nthey facilitate a comparison of financial results from period to period. The\ncomputation of non-GAAP measures may not be comparable to similarly titled\nmeasures reported by other companies, thus limiting their use for\ncomparability.\n\nDefinitions of applicable non-GAAP measures and reconciliations to the most\ndirectly comparable GAAP measures are provided elsewhere in this release.\n\nIn addition to the above non-GAAP financial measures, the Company has included\nbacklog, net bookings, and book-to-bill in this release. Backlog is an\noperational measure representing the estimated amount of future revenues to be\nrecognized under negotiated contracts, and net bookings represent the change\nin backlog between reporting periods plus reported revenues for the period.\nBook-to-bill represents net bookings divided by reported revenues for the same\nperiod. We believe these metrics are useful for investors because they are an\nimportant measure of business development performance and are used by\nmanagement to conduct and evaluate its business during its regular review of\noperating results.\n AMENTUM HOLDINGS, INC. \n UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS \n (in millions, except per share data) \n   \n   Three Months Ended   Nine Months Ended \n   July 3, 2026   June 27, 2025   July 3, 2026   June 27, 2025 \n Revenues $ 3,490     $ 3,561     $ 10,205     $ 10,468   \n Cost of revenues   (3,130 )     (3,193 )     (9,174 )     (9,372 ) \n Selling, general, and administrative expenses   (122 )     (165 )     (361 )     (440 ) \n Amortization of intangibles   (94 )     (118 )     (282 )     (358 ) \n Equity earnings of non-consolidated subsidiaries   28       18       73       47   \n Operating income   172       103       461       345   \n Interest expense and other, net   (62 )     (88 )     (209 )     (261 ) \n Loss on extinguishment of debt   (16 )     (3 )     (16 )     (3 ) \n Income before income taxes   94       12       236       81   \n Provision for income taxes   (28 )     (13 )     (72 )     (59 ) \n Net income (loss) including non-controlling interests   66       (1 )     164       22   \n Less: net income (loss) attributable to non-controlling interests   —       11       —       4   \n Net income attributable to common shareholders $ 66     $ 10     $ 164     $ 26   \n                 \n Basic and diluted earnings per share attributable to common shareholders $ 0.27     $ 0.04     $ 0.67     $ 0.11   \n Basic weighted average shares outstanding   244       243       244       243   \n Diluted weighted average shares outstanding   245       243       245       243   \n\n AMENTUM HOLDINGS, INC. \n UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS \n (in millions, except per share data) \n   \n   July 3, 2026   October 3, 2025 \n ASSETS       \n Current assets:       \n Cash and cash equivalents $ 459     $ 437   \n Accounts receivable, net   2,553       2,479   \n Prepaid expenses and other current assets   177       197   \n Total current assets   3,189       3,113   \n Property and equipment, net   108       114   \n Equity method investments   204       196   \n Goodwill   5,703       5,703   \n Intangible assets, net   1,675       1,955   \n Other long-term assets   320       379   \n Total assets $ 11,199     $ 11,460   \n         \n LIABILITIES       \n Current liabilities:       \n Current portion of long-term debt $ 54     $ 42   \n Accounts payable   825       892   \n Accrued compensation and benefits   546       705   \n Contract liabilities   171       227   \n Other current liabilities   498       488   \n Total current liabilities   2,094       2,354   \n Long-term debt, net of current portion   3,771       3,901   \n Deferred tax liabilities   273       260   \n Other long-term liabilities   272       325   \n Total liabilities   6,410       6,840   \n         \n SHAREHOLDERS' EQUITY       \n Common stock, $0.01 par value, 1,000,000,000 shares authorized; 244,319,846   2       2   \n shares issued and outstanding at July 3, 2026 and 243,464,776 shares issued \n and outstanding at October 3, 2025. \n Additional paid-in capital   4,946       4,924   \n Retained deficit   (297 )     (461 ) \n Accumulated other comprehensive income   44       40   \n Total Amentum shareholders' equity   4,695       4,505   \n Non-controlling interests   94       115   \n Total shareholders' equity   4,789       4,620   \n Total liabilities and shareholders' equity $ 11,199     $ 11,460   \n\n AMENTUM HOLDINGS, INC. \n UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS \n (in millions) \n   \n   Three Months Ended   Nine Months Ended \n   July 3, 2026   June 27, 2025   July 3, 2026   June 27, 2025 \n Cash flows from operating activities               \n Net income including non-controlling interests $ 66     $ (1 )   $ 164     $ 22   \n Adjustments to reconcile net income including non-controlling interests to net               \n cash provided by operating activities: \n Depreciation   7       11       25       29   \n Amortization of intangibles   94       118       282       358   \n Loss on extinguishment of debt   16       3       16       3   \n Equity earnings of non-consolidated subsidiaries   (28 )     (18 )     (73 )     (47 ) \n Distributions from equity method investments   33       22       87       57   \n Deferred income taxes   13       (33 )     11       (44 ) \n Stock-based compensation   8       7       23       15   \n Other   (3 )     6       3       16   \n Changes in assets and liabilities, net of effects of business acquisition:               \n Accounts receivable, net   (58 )     (27 )     (11 )     (154 ) \n Prepaid expenses and other assets   (40 )     4       11       75   \n Accounts payable, contract liabilities, and other current liabilities   52       (17 )     (198 )     (28 ) \n Accrued compensation and benefits   (72 )     37       (160 )     (9 ) \n Other long-term liabilities   58       (6 )     55       (20 ) \n Net cash provided by operating activities   146       106       235       273   \n Cash flows from investing activities               \n Acquisitions, net of cash acquired   —       (70 )     —       (70 ) \n Divestitures, net of cash conveyed   10       358       2       358   \n Payments for property and equipment   (11 )     (6 )     (22 )     (18 ) \n Contributions to equity method investments   (1 )     (8 )     (53 )     (36 ) \n Returns of capital from equity method investments   1       1       23       2   \n Other   4       —       2       —   \n Net cash provided by (used in investing) activities   3       275       (48 )     236   \n Cash flows from financing activities               \n Borrowings on revolving credit facilities   417       345       2,403       858   \n Payments on revolving credit facilities   (417 )     (345 )     (2,403 )     (858 ) \n Proceeds from borrowing under the term loans   2,991       —       2,991       —   \n Repayments of borrowings under the credit agreement   (3,106 )     (200 )     (3,125 )     (200 ) \n Distributions to non-controlling interests   (2 )     1       (23 )     (21 ) \n Other   (4 )     (4 )     (8 )     (10 ) \n Net cash used in financing activities   (121 )     (203 )     (165 )     (231 ) \n Effect of exchange rate changes on cash   3       14       —       8   \n Net change in cash and cash equivalents   31       192       22       286   \n Cash and cash equivalents, beginning of period   428       546       437       452   \n Cash and cash equivalents, end of period $ 459     $ 738     $ 459     $ 738   \n\n\nAMENTUM HOLDINGS, INC.\n\nUNAUDITED NON-GAAP FINANCIAL MEASURES\n\nThe presentation and discussion of Adjusted EBITDA, Adjusted EBITDA Margin,\nAdjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, and Net Leverage\nare not measures of financial performance under Generally Accepted Accounting\nPrinciples in the United States (“GAAP”). These non-GAAP measures should\nbe considered only as supplements to, and should not be considered in\nisolation or used as a substitute for, financial information prepared in\naccordance with GAAP. Management believes these non-GAAP measures, when read\nin conjunction with our consolidated financial statements prepared in\naccordance with GAAP and the reconciliations herein to the most directly\ncomparable GAAP measures, provide useful information in assessing trends in\nour ongoing operating performance and may provide greater visibility in\nunderstanding the long-term financial performance of the Company. The\ncomputation of non-GAAP measures may not be comparable to similarly titled\nmeasures reported by other companies, thus limiting their use for\ncomparability.\n\nAdjusted EBITDA is defined as GAAP net income attributable to common\nshareholders adjusted for interest expense and other, net, provision for\nincome taxes, depreciation and amortization, and excludes the following\ndiscrete items:\n\n\n * Acquisition, transaction, and integration costs – Represents acquisition,\ntransaction and integration costs, including severance, retention, and other\nadjustments related to acquisition and integration activities.\n\n * Amortization of intangibles – Represents the amortization of intangible\nassets.\n\n * Divestitures – Represents divestiture gains and losses.\n\n * Utilization of certain fair market value adjustments assigned in purchase\naccounting – Represents the periodic utilization of the fair market value\nadjustments assigned to certain equity method investments and non-controlling\ninterests based on the remaining period of performance for the related\ncontract.\n\n * Stock-based compensation – Represents non-cash compensation expenses\nrecognized for stock-based arrangements.\n\nAdjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenues.\n\nAdjusted Net Income is defined as GAAP net income attributable to common\nshareholders excluding the discrete items listed under Adjusted EBITDA and the\nrelated tax impacts.\n\nAdjusted Diluted EPS is defined as Adjusted Net Income divided by diluted\nweighted average number of common shares outstanding.\n\nFree Cash Flow is defined as GAAP cash flow provided by operating activities\nless purchases of property and equipment. For the third quarter of fiscal year\n2026, Free Cash Flow was $135 million, consisting of $146 million of GAAP cash\nflow provided by operating activities less $11 million of purchases of\nproperty and equipment.\n\nNet Leverage is defined as GAAP total debt (excluding unamortized original\nissue discount and deferred financing costs) less cash and cash equivalents,\ndivided by last twelve months Adjusted EBITDA, which is a non-GAAP measure.\nFor the third quarter of fiscal year 2026, Net Leverage was 3.0x, consisting\nof $3,875 million of total debt less $459 million of cash and cash\nequivalents, divided by the last twelve months Adjusted EBITDA of $1,128\nmillion.\n\nAMENTUM HOLDINGS, INC.\n\nUNAUDITED NON-GAAP FINANCIAL MEASURES\n\n(in millions, except per share data and margin percentages)\n\nThe following table presents the reconciliation of Adjusted EBITDA, Adjusted\nEBITDA Margin, Adjusted Net Income and Adjusted Diluted EPS to the most\ndirectly comparable GAAP measures for the three months ended July 3, 2026:\n   For the Three Months Ended July 3, 2026 \n   As reported   Acquisition, transaction and integration costs   Amortization of intangibles   Divestitures   Loss on extinguishment of debt   Utilization of fair market value adjustments   Stock-based compensation   Non-GAAP results \n                 \n                 \n Revenues $ 3,490     $ —     $ —     $ —     $ —     $ —     $ —     $ 3,490   \n                                 \n Operating income $ 172     $ 9     $ 94     $ —     $ —     $ 4     $ 8     $ 287   \n Non-operating expenses, net   (78 )     —       —       (5 )     16       —       —       (67 ) \n Income (loss) before income taxes   94       9       94       (5 )     16       4       8       220   \n (Provision) benefit for income taxes (1)   (28 )     (2 )     (17 )     1       (4 )     (1 )     (2 )     (53 ) \n Net income (loss) including non-controlling interests   66       7       77       (4 )     12       3       6       167   \n Less: net income (loss) attributable to non-controlling interests   —       —       —       —       —       (4 )     —       (4 ) \n Net income (loss) attributable to common shareholders $ 66     $ 7     $ 77     $ (4 )   $ 12     $ (1 )   $ 6     $ 163   \n                                 \n Basic and diluted income per share attributable to common shareholders $ 0.27     $ 0.03     $ 0.31     $ (0.02 )   $ 0.05     $ (0.01 )   $ 0.04     $ 0.67   \n Basic weighted average shares outstanding   244       244       244       244       244       244       244       244   \n Diluted weighted average shares outstanding   245       245       245       245       245       245       245       245   \n                                 \n Net income (loss) attributable to common shareholders $ 66     $ 7     $ 77     $ (4 )   $ 12     $ (1 )   $ 6     $ 163   \n Net income margin (2)   1.9 %                             4.7 % \n Depreciation   7       —       —       —       —       —       —       7   \n Amortization of intangibles   94       —       (94 )     —       —       —       —       —   \n Interest expense and other, net   62       —       —       5       —       —       —       67   \n Provision (benefit) for income taxes   28       2       17       (1 )     4       1       2       53   \n EBITDA (non-GAAP) $ 257     $ 9     $ —     $ —     $ 16     $ —     $ 8     $ 290   \n EBITDA margin   7.4 %                             8.3 % \n                                 \n 1 - Calculation uses a full year estimated statutory rate on each non-GAAP tax \n deductible adjustment, unless the nature of the item requires application of \n specific tax treatment for related impacts. \n 2 - Calculated as net income attributable to common shareholders divided by \n revenues. \n\n\nAMENTUM HOLDINGS, INC.\n\nUNAUDITED NON-GAAP FINANCIAL MEASURES\n\n(in millions, except per share data and margin percentages)\n\nThe following table presents the reconciliation of Adjusted EBITDA, Adjusted\nEBITDA Margin, Adjusted Net Income and Adjusted Diluted EPS to the most\ndirectly comparable GAAP measures for the nine months ended July 3, 2026:\n   For the Nine Months Ended July 3, 2026 \n   As reported   Acquisition, transaction and integration costs   Amortization of intangibles   Divestitures   Loss on extinguishment of debt   Utilization of fair market value adjustments   Stock-based compensation   Non-GAAP results \n                 \n                 \n Revenues $ 10,205     $ —     $ —     $ —     $ —     $ —     $ —     $ 10,205   \n                                 \n Operating income $ 461     $ 36     $ 282     $ —     $ —     $ 14     $ 23     $ 816   \n Non-operating expenses, net   (225 )     —       —       (8 )     16       —       —       (217 ) \n Income (loss) before income taxes   236       36       282       (8 )     16       14       23       599   \n (Provision) benefit for income taxes (1)   (72 )     (8 )     (54 )     2       (4 )     (3 )     (5 )     (144 ) \n Net income (loss) including non-controlling interests   164       28       228       (6 )     12       11       18       455   \n Less: net income (loss) attributable to non-controlling interests   —       —       —       —       —       (13 )     —       (13 ) \n Net income (loss) attributable to common shareholders $ 164     $ 28     $ 228     $ (6 )   $ 12     $ (2 )   $ 18     $ 442   \n                                 \n Basic income per share attributable to common shareholders $ 0.67     $ 0.11     $ 0.93     $ (0.02 )   $ 0.05     $ (0.01 )   $ 0.08     $ 1.81   \n Basic weighted average shares outstanding   244       244       244       244       244       244       244       244   \n Diluted income per share attributable to common shareholders $ 0.67     $ 0.11     $ 0.93     $ (0.02 )   $ 0.05     $ (0.01 )   $ 0.07     $ 1.80   \n Diluted weighted average shares outstanding   245       245       245       245       245       245       245       245   \n                                 \n Net income (loss) attributable to common shareholders $ 164     $ 28     $ 228     $ (6 )   $ 12     $ (2 )   $ 18     $ 442   \n Net income margin (2)   1.6 %                             4.3 % \n Depreciation   25       —       —       —       —       —       —       25   \n Amortization of intangibles   282       —       (282 )     —       —       —       —       —   \n Interest expense and other, net   209       —       —       8       —       —       —       217   \n Provision (benefit) for income taxes   72       8       54       (2 )     4       3       5       144   \n EBITDA (non-GAAP) $ 752     $ 36     $ —     $ —     $ 16     $ 1     $ 23     $ 828   \n EBITDA margin   7.4 %                             8.1 % \n                                 \n 1 - Calculation uses a full year estimated statutory rate on each non-GAAP tax \n deductible adjustment, unless the nature of the item requires application of \n specific tax treatment for related impacts. \n 2 - Calculated as net income attributable to common shareholders divided by \n revenues. \n\n\nAMENTUM HOLDINGS, INC.\n\nUNAUDITED NON-GAAP FINANCIAL MEASURES\n\n(in millions, except per share data and margin percentages)\n\nThe following table presents the reconciliation of Adjusted EBITDA, Adjusted\nEBITDA Margin, Adjusted Net Income and Adjusted Diluted EPS to the most\ndirectly comparable GAAP measures for the three months ended June 27, 2025:\n   For the Three Months Ended June 27, 2025 \n   As reported   Acquisition, transaction and integration costs   Amortization of intangibles   Divestitures   Loss on extinguishment of debt   Utilization of fair market value adjustments   Stock-based compensation   Non-GAAP results \n                 \n                 \n Revenues $ 3,561     $ —     $ —     $ —     $ —   $ —     $ —     $ 3,561   \n                                 \n Operating income $ 103     $ 32     $ 118     $ —     $ —   $ 5     $ 7     $ 265   \n Non-operating expenses, net   (91 )     —       —       3       3     —       —       (85 ) \n Income before income taxes   12       32       118       3       3     5       7       180   \n Provision for income taxes (1)   (13 )     (8 )     (11 )     (8 )     —     (1 )     (2 )     (43 ) \n Net (loss) income including non-controlling interests   (1 )     24       107       (5 )     3     4       5       137   \n Less: net (loss) income attributable to non-controlling interests   11       —       —       —       —     (13 )     —       (2 ) \n Net income (loss) attributable to common shareholders $ 10     $ 24     $ 107     $ (5 )   $ 3   $ (9 )   $ 5     $ 135   \n                                 \n Basic and diluted income per share attributable to common shareholders $ 0.04     $ 0.10     $ 0.44     $ (0.02 )   $ 0.01   $ (0.03 )   $ 0.02     $ 0.56   \n Basic and diluted weighted average shares outstanding   243       243       243       243       243     243       243       243   \n                                 \n Net income (loss) attributable to common shareholders $ 10     $ 24     $ 107     $ (5 )   $ 3   $ (9 )   $ 5     $ 135   \n Net income margin (2)   0.3 %                             3.8 % \n Depreciation   11       —       —       —       —     —       —       11   \n Amortization of intangibles   118       —       (118 )     —       —     —       —       —   \n Interest expense and other, net   88       —       —       (3 )     —     —       —       85   \n Provision for income taxes   13       8       11       8       —     1       2       43   \n EBITDA (non-GAAP) $ 240     $ 32     $ —     $ —     $ 3   $ (8 )   $ 7     $ 274   \n EBITDA margin   6.7 %                             7.7 % \n                                 \n 1 - Calculation uses a full year estimated statutory rate on each non-GAAP tax \n deductible adjustment, unless the nature of the item requires application of \n specific tax treatment for related impacts. \n 2 - Calculated as net income attributable to common shareholders divided by \n revenues. \n\n\nAMENTUM HOLDINGS, INC.\n\nUNAUDITED NON-GAAP FINANCIAL MEASURES\n\n(in millions, except per share data and margin percentages)\n\nThe following table presents the reconciliation of Adjusted EBITDA, Adjusted\nEBITDA Margin, Adjusted Net Income and Adjusted Diluted EPS to the most\ndirectly comparable GAAP measures for the nine months ended June 27, 2025:\n   For the Nine Months Ended June 27, 2025 \n   As reported   Acquisition, transaction and integration costs   Amortization of intangibles   Divestitures   Loss on extinguishment of debt   Utilization of fair market value adjustments   Stock-based compensation   Non-GAAP results \n                 \n                 \n Revenues $ 10,468     $ —     $ —     $ —     $ —   $ —     $ —     $ 10,468   \n                                 \n Operating income $ 345     $ 62     $ 358     $ —     $ —   $ 16     $ 15     $ 796   \n Non-operating expenses, net   (264 )     —       —       3       3     —       —       (258 ) \n Income before income taxes   81       62       358       3       3     16       15       538   \n Provision for income taxes (1)   (59 )     (15 )     (41 )     (8 )     —     (3 )     (3 )     (129 ) \n Net income (loss) including non-controlling interests   22       47       317       (5 )     3     13       12       409   \n Less: net income (loss) attributable to non-controlling interests   4       —       —       —       —     (25 )     —       (21 ) \n Net income (loss) attributable to common shareholders $ 26     $ 47     $ 317     $ (5 )   $ 3   $ (12 )   $ 12     $ 388   \n                                 \n Basic and diluted income (loss) per share attributable to common shareholders $ 0.11     $ 0.19     $ 1.30     $ (0.02 )   $ 0.01   $ (0.04 )   $ 0.05     $ 1.60   \n Basic and diluted weighted average shares outstanding   243       243       243       243       243     243       243       243   \n                                 \n Net income (loss) attributable to common shareholders $ 26     $ 47     $ 317     $ (5 )   $ 3   $ (12 )   $ 12     $ 388   \n Net income margin (2)   0.2 %                             3.7 % \n Depreciation   29       —       —       —       —     —       —       29   \n Amortization of intangibles   358       —       (358 )     —       —     —       —       —   \n Interest expense and other, net   261       —       —       (3 )     —     —       —       258   \n Provision for income taxes   59       15       41       8       —     3       3       129   \n EBITDA (non-GAAP) $ 733     $ 62     $ —     $ —     $ 3   $ (9 )   $ 15     $ 804   \n EBITDA margin   7.0 %                             7.7 % \n                                 \n 1 - Calculation uses a full year estimated statutory rate on each non-GAAP tax \n deductible adjustment, unless the nature of the item requires application of \n specific tax treatment for related impacts. \n 2 - Calculated as net income attributable to common shareholders divided by \n revenues. \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260810801923/en/\n(https://www.businesswire.com/news/home/20260810801923/en/)\n\nInvestor Relations Contact \n\nJoseph DeNardi\n\nIR@amentum.com (mailto:IR@amentum.com)\n\nMedia Contact \n\nRoela Santos\n\nRoela.Santos@amentum.com (mailto:Roela.Santos@amentum.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBw3CvKwsa","title":"Amentum Reports Third Quarter Fiscal Year 2026 Results","author":"Business Wire","ticker":"AMTM","created":"2026-08-10T20:30:00.579Z","tickers":["AMTM"],"exchange":"NYSE","article_body":"Amentum Reports Third Quarter Fiscal Year 2026 Results\n\nRevenues of $3.5 billion\n\nNet Income of $66 million; Adjusted EBITDA of $290 million\n\nDiluted Earnings Per Share of $0.27; Adjusted Diluted Earnings Per Share of\n$0.67\n\nOperating Cash Flow of $146 million; Free Cash Flow of $135 million\n\nBacklog of $48.2 billion; Book-to-Bill of 1.1x, Last Twelve Months 1.3x\n\nAmentum Holdings, Inc. (“Amentum” or the “Company”) (NYSE: AMTM), a\nleading advanced engineering and technology company, today announced results\nfor the third quarter ended July 3, 2026.\n\n“We delivered solid third quarter results with strong operating performance,\nprofitability, and free cash flow,\" said Amentum Chief Executive Officer John\nHeller. “Although near-term dynamics have impacted our revenue outlook, our\nstrong year-to-date results allow us to increase guidance for both Adjusted\nEBITDA and Adjusted Diluted EPS. Looking ahead, we’ve made significant\nprogress executing our strategy and our leading business development\nindicators remain robust including recently announced key wins and\npartnerships in global nuclear energy. We remain focused on delivering\ndifferentiated solutions to our customers and driving long-term value for our\nshareholders.”\n Summary Operating Results           \n   Three Months Ended \n (in millions, except per share data) July 3, 2026   June 27, 2025   % Change \n GAAP Measures:           \n Revenues $3,490   $3,561   (2%) \n Operating income $172   $103   67% \n Net income $66   $10   560% \n Diluted earnings per share $0.27   $0.04   575% \n             \n Non-GAAP Measures(1):           \n Adjusted EBITDA(1) $290   $274   6% \n Adjusted EBITDA Margin(1) 8.3%   7.7%   +60 bps \n Adjusted Diluted Earnings Per Share (EPS)(1) $0.67   $0.56   20% \n Free Cash Flow(1) $135   $100   35% \n\n 1 – Non-GAAP financial measures should be considered in addition to, but not \n as a substitute for, the information provided in accordance with GAAP. \n Management believes that these non-GAAP measures provide another measure of \n Amentum’s results of operations and financial condition, including its \n ability to comply with financial covenants. See Unaudited Non-GAAP Financial \n Measures at the end of this press release for more information and a \n reconciliation of our selected reported results to these non-GAAP measures. \n\n\nGAAP Results\n\nRevenues of $3,490 million decreased 2% year-over-year driven by a 3% impact\nfrom the transition of certain contracts from consolidated to unconsolidated\njoint ventures and fiscal year 2025 divestitures; partially offset by the\nramp-up of new contract awards in critical digital infrastructure and space\nsystems and technologies. Operating income increased as a result of strong\noperational performance and decreased intangible amortization expense. Net\nincome and diluted earnings per share improved year-over-year, supported by\nhigher operating income and lower interest expense.\n\nNon-GAAP Results\n\nAdjusted EBITDA of $290 million resulted in Adjusted EBITDA Margins of 8.3%,\nup from 7.7% in the prior year quarter, driven by continued progress on our\nmargin expansion initiatives including a favorable mix shift and strong\noperational performance. Adjusted Net Income and Adjusted Diluted Earnings Per\nShare increased primarily as a result of the strong operational performance\nand lower interest expense.\n\nNon-GAAP Segment Results\n   Three Months Ended \n (in millions) July 3, 2026   June 27, 2025   % Change \n Revenues           \n Digital Solutions $1,457   $1,421   3% \n Global Engineering Solutions 2,033   2,140   (5%) \n Total Revenues $3,490   $3,561   (2%) \n             \n Adjusted EBITDA(1)           \n Digital Solutions $116   $114   2% \n Global Engineering Solutions 174   160   9% \n Total Adjusted EBITDA $290   $274   6% \n\n 1 – Non-GAAP financial measures should be considered in addition to, but not \n as a substitute for, the information provided in accordance with GAAP. \n Management believes that these non-GAAP measures provide another measure of \n Amentum’s results of operations and financial condition, including its \n ability to comply with financial covenants. See Unaudited Non-GAAP Financial \n Measures at the end of this press release for more information and a \n reconciliation of our selected reported results to these non-GAAP measures. \n\n\nDigital Solutions revenues increased 3% year-over-year driven by the ramp-up\nof new contract awards in critical digital infrastructure and space systems\nand technologies, partially offset by the fiscal year 2025 divestiture of\nRapid Solutions. Adjusted EBITDA increased 2% year-over-year as a result of\nincreased revenue volume, partially offset by the divestiture of Rapid\nSolutions.\n\nGlobal Engineering Solutions revenues decreased 5% year-over-year due to\ncontract transitions from consolidated to unconsolidated joint ventures, a\nfiscal year 2025 divestiture, and the expected ramp-down of other historical\nprograms; partially offset by the ramp up of new contract awards. Adjusted\nEBITDA increased 9% year-over-year as a result of continued progress on our\nmargin expansion initiatives, favorable contract mix, and strong program\nperformance.\n\nCash Flow Summary\n\nIn the third quarter, Amentum generated $146 million and $3 million of net\ncash from operating activities and investing activities, respectively, and\nused $121 million in financing activities. Net cash provided by operating\nactivities was driven by strong cash earnings, disciplined working capital\nmanagement, and reflects one additional pay cycle compared to the prior year\nquarter. Net cash provided by investing activities included $11 million in\ncapital expenditures and $10 million in cash proceeds from the sale of a\nminority stake in a legacy joint venture. Net cash used in financing\nactivities consisted primarily of the $125 million voluntary principal payment\non the Term Loan B and the impacts from the first amendment to the credit\nfacility. As of July 3, 2026, Amentum had $459 million in cash and cash\nequivalents and $3,875 million of gross debt.\n\nBacklog and Contract Awards\n\nAs of July 3, 2026, the Company had total backlog of $48.2 billion, compared\nwith $44.6 billion as of June 27, 2025, an increase of 8% driven by $17.7\nbillion in net bookings and 1.3x book-to-bill. Funded backlog as of July 3,\n2026 was $6.2 billion, compared with $5.6 billion as of June 27, 2025, an\nincrease of 10%.\n\nNotable Highlights\n\n\n * Global Nuclear Energy – Amentum booked over $400 million for the initial\nengineering, development, and design of advanced nuclear technologies in the\ngrowing global nuclear market. These awards support our long-term growth\nopportunity in next-generation nuclear.\n\n * Continued Growth in Critical Digital Infrastructure – Amentum was awarded\napproximately $250 million in contracts to support communication networks,\ncloud and data center infrastructure, and critical technology modernization.\nThese wins build on Amentum’s core strengths in delivering integrated,\nlarge-scale digital infrastructure across both commercial and government\nmarkets.\n\n * Classified U.S. and International Defense Awards – Amentum was awarded over\n$1 billion in awards to provide defense engineering, logistics, and\nmodernization solutions for U.S. and allied military operations. These awards\nreinforce Amentum’s position as a trusted partner supporting global defense\nreadiness and mission sustainment.\n\n * Contract for Organizing Spaceflight Mission Operations and Systems (COSMOS)\n– Amentum booked ~$500 million associated with NASA’s award of the\nnine-year COSMOS contract to our mentor-protégé joint venture, to support\nflight mission operations. The previously announced protest was resolved\nduring the quarter and therefore the award is now reflected in backlog and\nbook-to-bill.\n\n * Center Maintenance Operations and Engineering (CMOE II) – NASA’s Langley\nResearch Center awarded Amentum a $974 million, 10-year IDIQ contract to\ndeliver cutting-edge support for advanced research, systems engineering, and\ninfrastructure modernization. The previously announced protest was resolved\nduring the quarter and therefore the award is now reflected in backlog and\nbook-to-bill.\n\nFiscal Year 2026 Guidance\n\nAmentum updates its fiscal year 2026 guidance as follows:\n (in millions, except per share data)   Updated Guidance   Prior Guidance \n Revenues     $13,800   -   $13,950     $13,950   -   $14,300   \n Adjusted EBITDA(1)     $1,115   -   $1,140     $1,100   -   $1,140   \n Adjusted Diluted EPS(1)     $2.40   -   $2.50     $2.25   -   $2.45   \n Free Cash Flow(1)     $525   -   $575     $525   -   $575   \n\n 1 – Represents a Non-GAAP financial measure - see the related explanations \n included elsewhere in this release. Amentum does not provide a reconciliation \n of forward-looking non-GAAP financial measures to the most directly comparable \n GAAP measures due to the inherent difficulty in forecasting and quantifying \n certain significant items. These items are uncertain, depend on various \n factors and could have a material impact on GAAP reported results for the \n relevant period. \n\n\nWebcast Information\n\nAmentum will host a conference call beginning at 8:30 a.m. Eastern time on\nTuesday, August 11, 2026 to discuss the results for the third quarter ended\nJuly 3, 2026. The conference call will be webcast simultaneously to the public\nthrough a link on the Investor Relations section of the Amentum website at\namentum.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.amentum.com%2F&esheet=54585992&newsitemid=20260810801923&lan=en-US&anchor=amentum.com&index=1&md5=02380f2d17c6d3aa266064a47065597e)\n. After the call concludes, a replay of the webcast can be accessed on the\nInvestor Relations website.\n\nAbout Amentum\n\nAmentum is a global leader in advanced engineering and innovative technology\nsolutions, trusted by the United States and its allies to address their most\nsignificant and complex challenges in science, security and sustainability.\nOur people apply undaunted curiosity, relentless ambition and boundless\nimagination to challenge convention and drive progress. Our commitments are\nunderpinned by the belief that safety, collaboration and well-being are\nintegral to success. Headquartered in Chantilly, Virginia, we have\napproximately 50,000 employees in over 70 countries across all 7 continents.\n\nVisit us at amentum.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.amentum.com%2F&esheet=54585992&newsitemid=20260810801923&lan=en-US&anchor=amentum.com&index=2&md5=3eef01a32b63feb5291001b423330c6f)\nto learn how we advance the future together.\n\nCautionary Note Regarding Forward Looking Statements\n\nThis release contains or incorporates by reference statements that relate to\nfuture events and expectations and, as such, could be interpreted to be\n“forward-looking statements” as that term is defined in the Private\nSecurities Litigation Reform Act of 1995 and other federal securities laws.\nForward-looking statements may be characterized by terminology such as\n“believe,” “project,” “expect,” “anticipate,” “estimate,”\n“forecast,” “outlook,” “target,” “endeavor,” “seek,”\n“predict,” “intend,” “strategy,” “plan,” “may,”\n“could,” “should,” “will,” “would,” “will be,” “will\ncontinue,” “will likely result,” or the negative thereof or variations\nthereon or similar terminology generally intended to identify forward-looking\nstatements. All statements other than statements of historical fact are\nstatements that could be deemed forward-looking statements, including\nprojections of financial performance; statements of plans, strategies and\nobjectives of management for future operations; any statement concerning\ndevelopments, performance or industry rankings relating to products or\nservices; any statements regarding future economic conditions or performance;\nany statements of assumptions underlying any of the foregoing; any statements\nregarding industry and market trends; and any other statements that address\nactivities, events or developments that the Company intends, expects,\nprojects, believes or anticipates will or may occur in the future.\n\nImportant factors that could cause actual results to differ materially from\nsuch plans, estimates or expectations include, among others: changes in U.S.\nor global economic, financial, business and political conditions, including\nchanges to governmental budgetary priorities and tariffs and the ongoing\nconflicts in Europe and the Middle East; our ability to comply with the\nvarious procurement and other laws and regulations; risks associated with\ncontracts with governmental entities; reviews and audits by the U.S.\ngovernment and others; changes to our professional reputation and relationship\nwith government agencies; the occurrence of an accident or safety incident;\nthe ability of the Company to control costs, meet performance requirements or\ncontractual schedules, compete effectively or implement its business strategy;\nthe ability of the Company to retain and hire key personnel, and retain and\nengage key customers and suppliers; the failure to realize the anticipated\nbenefits of the 2024 transaction with Jacobs Solutions Inc.; potential\nliabilities associated with shareholder litigation or other settlements or\ninvestigations; evolving legal, regulatory and tax regimes; and other factors\nset forth under Item 1A, Risk Factors in the annual report on Form 10-K (the\n“Annual Report”), and from time to time in documents that we file with the\nSEC. The above list of factors is not exhaustive or necessarily in order of\nimportance. For additional information on identifying factors that may cause\nactual results to vary materially from those stated in forward-looking\nstatements, see the discussions under the section entitled “Risk Factors”\nin the Annual Report. Any forward-looking statement speaks only as of the date\non which it is made, and we assume no obligation to update or revise such\nstatement, whether as a result of new information, future events or otherwise,\nexcept as required by applicable law.\n\nNon-GAAP Measures\n\nThis release includes the presentation and discussion of Adjusted EBITDA,\nAdjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings Per\nShare, Free Cash Flow, and Net Leverage, which are not measures of financial\nperformance under Generally Accepted Accounting Principles in the United\nStates (“GAAP”). These non-GAAP measures should be considered only as\nsupplements to, and should not be considered in isolation or used as\nsubstitutes for, financial information prepared in accordance with GAAP.\nManagement of the Company believes these non-GAAP measures, when read in\nconjunction with the Company’s financial statements prepared in accordance\nwith GAAP and, where applicable, the reconciliations herein to the most\ndirectly comparable GAAP measures, provide useful information to management,\ninvestors and other users of the Company’s financial information in\nevaluating operating results and understanding operating trends by adjusting\nfor the effects of items we do not consider to be indicative of the\nCompany’s ongoing performance, the inclusion of which can obscure underlying\ntrends. Additionally, management of the Company uses such measures in its\nevaluation of business performance, particularly when comparing performance to\npast periods, and believes these measures are useful for investors because\nthey facilitate a comparison of financial results from period to period. The\ncomputation of non-GAAP measures may not be comparable to similarly titled\nmeasures reported by other companies, thus limiting their use for\ncomparability.\n\nDefinitions of applicable non-GAAP measures and reconciliations to the most\ndirectly comparable GAAP measures are provided elsewhere in this release.\n\nIn addition to the above non-GAAP financial measures, the Company has included\nbacklog, net bookings, and book-to-bill in this release. Backlog is an\noperational measure representing the estimated amount of future revenues to be\nrecognized under negotiated contracts, and net bookings represent the change\nin backlog between reporting periods plus reported revenues for the period.\nBook-to-bill represents net bookings divided by reported revenues for the same\nperiod. We believe these metrics are useful for investors because they are an\nimportant measure of business development performance and are used by\nmanagement to conduct and evaluate its business during its regular review of\noperating results.\n AMENTUM HOLDINGS, INC. \n UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS \n (in millions, except per share data) \n   \n   Three Months Ended   Nine Months Ended \n   July 3, 2026   June 27, 2025   July 3, 2026   June 27, 2025 \n Revenues $ 3,490     $ 3,561     $ 10,205     $ 10,468   \n Cost of revenues   (3,130 )     (3,193 )     (9,174 )     (9,372 ) \n Selling, general, and administrative expenses   (122 )     (165 )     (361 )     (440 ) \n Amortization of intangibles   (94 )     (118 )     (282 )     (358 ) \n Equity earnings of non-consolidated subsidiaries   28       18       73       47   \n Operating income   172       103       461       345   \n Interest expense and other, net   (62 )     (88 )     (209 )     (261 ) \n Loss on extinguishment of debt   (16 )     (3 )     (16 )     (3 ) \n Income before income taxes   94       12       236       81   \n Provision for income taxes   (28 )     (13 )     (72 )     (59 ) \n Net income (loss) including non-controlling interests   66       (1 )     164       22   \n Less: net income (loss) attributable to non-controlling interests   —       11       —       4   \n Net income attributable to common shareholders $ 66     $ 10     $ 164     $ 26   \n                 \n Basic and diluted earnings per share attributable to common shareholders $ 0.27     $ 0.04     $ 0.67     $ 0.11   \n Basic weighted average shares outstanding   244       243       244       243   \n Diluted weighted average shares outstanding   245       243       245       243   \n\n AMENTUM HOLDINGS, INC. \n UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS \n (in millions, except per share data) \n   \n   July 3, 2026   October 3, 2025 \n ASSETS       \n Current assets:       \n Cash and cash equivalents $ 459     $ 437   \n Accounts receivable, net   2,553       2,479   \n Prepaid expenses and other current assets   177       197   \n Total current assets   3,189       3,113   \n Property and equipment, net   108       114   \n Equity method investments   204       196   \n Goodwill   5,703       5,703   \n Intangible assets, net   1,675       1,955   \n Other long-term assets   320       379   \n Total assets $ 11,199     $ 11,460   \n         \n LIABILITIES       \n Current liabilities:       \n Current portion of long-term debt $ 54     $ 42   \n Accounts payable   825       892   \n Accrued compensation and benefits   546       705   \n Contract liabilities   171       227   \n Other current liabilities   498       488   \n Total current liabilities   2,094       2,354   \n Long-term debt, net of current portion   3,771       3,901   \n Deferred tax liabilities   273       260   \n Other long-term liabilities   272       325   \n Total liabilities   6,410       6,840   \n         \n SHAREHOLDERS' EQUITY       \n Common stock, $0.01 par value, 1,000,000,000 shares authorized; 244,319,846   2       2   \n shares issued and outstanding at July 3, 2026 and 243,464,776 shares issued \n and outstanding at October 3, 2025. \n Additional paid-in capital   4,946       4,924   \n Retained deficit   (297 )     (461 ) \n Accumulated other comprehensive income   44       40   \n Total Amentum shareholders' equity   4,695       4,505   \n Non-controlling interests   94       115   \n Total shareholders' equity   4,789       4,620   \n Total liabilities and shareholders' equity $ 11,199     $ 11,460   \n\n AMENTUM HOLDINGS, INC. \n UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS \n (in millions) \n   \n   Three Months Ended   Nine Months Ended \n   July 3, 2026   June 27, 2025   July 3, 2026   June 27, 2025 \n Cash flows from operating activities               \n Net income including non-controlling interests $ 66     $ (1 )   $ 164     $ 22   \n Adjustments to reconcile net income including non-controlling interests to net               \n cash provided by operating activities: \n Depreciation   7       11       25       29   \n Amortization of intangibles   94       118       282       358   \n Loss on extinguishment of debt   16       3       16       3   \n Equity earnings of non-consolidated subsidiaries   (28 )     (18 )     (73 )     (47 ) \n Distributions from equity method investments   33       22       87       57   \n Deferred income taxes   13       (33 )     11       (44 ) \n Stock-based compensation   8       7       23       15   \n Other   (3 )     6       3       16   \n Changes in assets and liabilities, net of effects of business acquisition:               \n Accounts receivable, net   (58 )     (27 )     (11 )     (154 ) \n Prepaid expenses and other assets   (40 )     4       11       75   \n Accounts payable, contract liabilities, and other current liabilities   52       (17 )     (198 )     (28 ) \n Accrued compensation and benefits   (72 )     37       (160 )     (9 ) \n Other long-term liabilities   58       (6 )     55       (20 ) \n Net cash provided by operating activities   146       106       235       273   \n Cash flows from investing activities               \n Acquisitions, net of cash acquired   —       (70 )     —       (70 ) \n Divestitures, net of cash conveyed   10       358       2       358   \n Payments for property and equipment   (11 )     (6 )     (22 )     (18 ) \n Contributions to equity method investments   (1 )     (8 )     (53 )     (36 ) \n Returns of capital from equity method investments   1       1       23       2   \n Other   4       —       2       —   \n Net cash provided by (used in investing) activities   3       275       (48 )     236   \n Cash flows from financing activities               \n Borrowings on revolving credit facilities   417       345       2,403       858   \n Payments on revolving credit facilities   (417 )     (345 )     (2,403 )     (858 ) \n Proceeds from borrowing under the term loans   2,991       —       2,991       —   \n Repayments of borrowings under the credit agreement   (3,106 )     (200 )     (3,125 )     (200 ) \n Distributions to non-controlling interests   (2 )     1       (23 )     (21 ) \n Other   (4 )     (4 )     (8 )     (10 ) \n Net cash used in financing activities   (121 )     (203 )     (165 )     (231 ) \n Effect of exchange rate changes on cash   3       14       —       8   \n Net change in cash and cash equivalents   31       192       22       286   \n Cash and cash equivalents, beginning of period   428       546       437       452   \n Cash and cash equivalents, end of period $ 459     $ 738     $ 459     $ 738   \n\n\nAMENTUM HOLDINGS, INC.\n\nUNAUDITED NON-GAAP FINANCIAL MEASURES\n\nThe presentation and discussion of Adjusted EBITDA, Adjusted EBITDA Margin,\nAdjusted Net Income, Adjusted Diluted EPS, Free Cash Flow, and Net Leverage\nare not measures of financial performance under Generally Accepted Accounting\nPrinciples in the United States (“GAAP”). These non-GAAP measures should\nbe considered only as supplements to, and should not be considered in\nisolation or used as a substitute for, financial information prepared in\naccordance with GAAP. Management believes these non-GAAP measures, when read\nin conjunction with our consolidated financial statements prepared in\naccordance with GAAP and the reconciliations herein to the most directly\ncomparable GAAP measures, provide useful information in assessing trends in\nour ongoing operating performance and may provide greater visibility in\nunderstanding the long-term financial performance of the Company. The\ncomputation of non-GAAP measures may not be comparable to similarly titled\nmeasures reported by other companies, thus limiting their use for\ncomparability.\n\nAdjusted EBITDA is defined as GAAP net income attributable to common\nshareholders adjusted for interest expense and other, net, provision for\nincome taxes, depreciation and amortization, and excludes the following\ndiscrete items:\n\n\n * Acquisition, transaction, and integration costs – Represents acquisition,\ntransaction and integration costs, including severance, retention, and other\nadjustments related to acquisition and integration activities.\n\n * Amortization of intangibles – Represents the amortization of intangible\nassets.\n\n * Divestitures – Represents divestiture gains and losses.\n\n * Utilization of certain fair market value adjustments assigned in purchase\naccounting – Represents the periodic utilization of the fair market value\nadjustments assigned to certain equity method investments and non-controlling\ninterests based on the remaining period of performance for the related\ncontract.\n\n * Stock-based compensation – Represents non-cash compensation expenses\nrecognized for stock-based arrangements.\n\nAdjusted EBITDA Margin is defined as Adjusted EBITDA divided by revenues.\n\nAdjusted Net Income is defined as GAAP net income attributable to common\nshareholders excluding the discrete items listed under Adjusted EBITDA and the\nrelated tax impacts.\n\nAdjusted Diluted EPS is defined as Adjusted Net Income divided by diluted\nweighted average number of common shares outstanding.\n\nFree Cash Flow is defined as GAAP cash flow provided by operating activities\nless purchases of property and equipment. For the third quarter of fiscal year\n2026, Free Cash Flow was $135 million, consisting of $146 million of GAAP cash\nflow provided by operating activities less $11 million of purchases of\nproperty and equipment.\n\nNet Leverage is defined as GAAP total debt (excluding unamortized original\nissue discount and deferred financing costs) less cash and cash equivalents,\ndivided by last twelve months Adjusted EBITDA, which is a non-GAAP measure.\nFor the third quarter of fiscal year 2026, Net Leverage was 3.0x, consisting\nof $3,875 million of total debt less $459 million of cash and cash\nequivalents, divided by the last twelve months Adjusted EBITDA of $1,128\nmillion.\n\nAMENTUM HOLDINGS, INC.\n\nUNAUDITED NON-GAAP FINANCIAL MEASURES\n\n(in millions, except per share data and margin percentages)\n\nThe following table presents the reconciliation of Adjusted EBITDA, Adjusted\nEBITDA Margin, Adjusted Net Income and Adjusted Diluted EPS to the most\ndirectly comparable GAAP measures for the three months ended July 3, 2026:\n   For the Three Months Ended July 3, 2026 \n   As reported   Acquisition, transaction and integration costs   Amortization of intangibles   Divestitures   Loss on extinguishment of debt   Utilization of fair market value adjustments   Stock-based compensation   Non-GAAP results \n                 \n                 \n Revenues $ 3,490     $ —     $ —     $ —     $ —     $ —     $ —     $ 3,490   \n                                 \n Operating income $ 172     $ 9     $ 94     $ —     $ —     $ 4     $ 8     $ 287   \n Non-operating expenses, net   (78 )     —       —       (5 )     16       —       —       (67 ) \n Income (loss) before income taxes   94       9       94       (5 )     16       4       8       220   \n (Provision) benefit for income taxes (1)   (28 )     (2 )     (17 )     1       (4 )     (1 )     (2 )     (53 ) \n Net income (loss) including non-controlling interests   66       7       77       (4 )     12       3       6       167   \n Less: net income (loss) attributable to non-controlling interests   —       —       —       —       —       (4 )     —       (4 ) \n Net income (loss) attributable to common shareholders $ 66     $ 7     $ 77     $ (4 )   $ 12     $ (1 )   $ 6     $ 163   \n                                 \n Basic and diluted income per share attributable to common shareholders $ 0.27     $ 0.03     $ 0.31     $ (0.02 )   $ 0.05     $ (0.01 )   $ 0.04     $ 0.67   \n Basic weighted average shares outstanding   244       244       244       244       244       244       244       244   \n Diluted weighted average shares outstanding   245       245       245       245       245       245       245       245   \n                                 \n Net income (loss) attributable to common shareholders $ 66     $ 7     $ 77     $ (4 )   $ 12     $ (1 )   $ 6     $ 163   \n Net income margin (2)   1.9 %                             4.7 % \n Depreciation   7       —       —       —       —       —       —       7   \n Amortization of intangibles   94       —       (94 )     —       —       —       —       —   \n Interest expense and other, net   62       —       —       5       —       —       —       67   \n Provision (benefit) for income taxes   28       2       17       (1 )     4       1       2       53   \n EBITDA (non-GAAP) $ 257     $ 9     $ —     $ —     $ 16     $ —     $ 8     $ 290   \n EBITDA margin   7.4 %                             8.3 % \n                                 \n 1 - Calculation uses a full year estimated statutory rate on each non-GAAP tax \n deductible adjustment, unless the nature of the item requires application of \n specific tax treatment for related impacts. \n 2 - Calculated as net income attributable to common shareholders divided by \n revenues. \n\n\nAMENTUM HOLDINGS, INC.\n\nUNAUDITED NON-GAAP FINANCIAL MEASURES\n\n(in millions, except per share data and margin percentages)\n\nThe following table presents the reconciliation of Adjusted EBITDA, Adjusted\nEBITDA Margin, Adjusted Net Income and Adjusted Diluted EPS to the most\ndirectly comparable GAAP measures for the nine months ended July 3, 2026:\n   For the Nine Months Ended July 3, 2026 \n   As reported   Acquisition, transaction and integration costs   Amortization of intangibles   Divestitures   Loss on extinguishment of debt   Utilization of fair market value adjustments   Stock-based compensation   Non-GAAP results \n                 \n                 \n Revenues $ 10,205     $ —     $ —     $ —     $ —     $ —     $ —     $ 10,205   \n                                 \n Operating income $ 461     $ 36     $ 282     $ —     $ —     $ 14     $ 23     $ 816   \n Non-operating expenses, net   (225 )     —       —       (8 )     16       —       —       (217 ) \n Income (loss) before income taxes   236       36       282       (8 )     16       14       23       599   \n (Provision) benefit for income taxes (1)   (72 )     (8 )     (54 )     2       (4 )     (3 )     (5 )     (144 ) \n Net income (loss) including non-controlling interests   164       28       228       (6 )     12       11       18       455   \n Less: net income (loss) attributable to non-controlling interests   —       —       —       —       —       (13 )     —       (13 ) \n Net income (loss) attributable to common shareholders $ 164     $ 28     $ 228     $ (6 )   $ 12     $ (2 )   $ 18     $ 442   \n                                 \n Basic income per share attributable to common shareholders $ 0.67     $ 0.11     $ 0.93     $ (0.02 )   $ 0.05     $ (0.01 )   $ 0.08     $ 1.81   \n Basic weighted average shares outstanding   244       244       244       244       244       244       244       244   \n Diluted income per share attributable to common shareholders $ 0.67     $ 0.11     $ 0.93     $ (0.02 )   $ 0.05     $ (0.01 )   $ 0.07     $ 1.80   \n Diluted weighted average shares outstanding   245       245       245       245       245       245       245       245   \n                                 \n Net income (loss) attributable to common shareholders $ 164     $ 28     $ 228     $ (6 )   $ 12     $ (2 )   $ 18     $ 442   \n Net income margin (2)   1.6 %                             4.3 % \n Depreciation   25       —       —       —       —       —       —       25   \n Amortization of intangibles   282       —       (282 )     —       —       —       —       —   \n Interest expense and other, net   209       —       —       8       —       —       —       217   \n Provision (benefit) for income taxes   72       8       54       (2 )     4       3       5       144   \n EBITDA (non-GAAP) $ 752     $ 36     $ —     $ —     $ 16     $ 1     $ 23     $ 828   \n EBITDA margin   7.4 %                             8.1 % \n                                 \n 1 - Calculation uses a full year estimated statutory rate on each non-GAAP tax \n deductible adjustment, unless the nature of the item requires application of \n specific tax treatment for related impacts. \n 2 - Calculated as net income attributable to common shareholders divided by \n revenues. \n\n\nAMENTUM HOLDINGS, INC.\n\nUNAUDITED NON-GAAP FINANCIAL MEASURES\n\n(in millions, except per share data and margin percentages)\n\nThe following table presents the reconciliation of Adjusted EBITDA, Adjusted\nEBITDA Margin, Adjusted Net Income and Adjusted Diluted EPS to the most\ndirectly comparable GAAP measures for the three months ended June 27, 2025:\n   For the Three Months Ended June 27, 2025 \n   As reported   Acquisition, transaction and integration costs   Amortization of intangibles   Divestitures   Loss on extinguishment of debt   Utilization of fair market value adjustments   Stock-based compensation   Non-GAAP results \n                 \n                 \n Revenues $ 3,561     $ —     $ —     $ —     $ —   $ —     $ —     $ 3,561   \n                                 \n Operating income $ 103     $ 32     $ 118     $ —     $ —   $ 5     $ 7     $ 265   \n Non-operating expenses, net   (91 )     —       —       3       3     —       —       (85 ) \n Income before income taxes   12       32       118       3       3     5       7       180   \n Provision for income taxes (1)   (13 )     (8 )     (11 )     (8 )     —     (1 )     (2 )     (43 ) \n Net (loss) income including non-controlling interests   (1 )     24       107       (5 )     3     4       5       137   \n Less: net (loss) income attributable to non-controlling interests   11       —       —       —       —     (13 )     —       (2 ) \n Net income (loss) attributable to common shareholders $ 10     $ 24     $ 107     $ (5 )   $ 3   $ (9 )   $ 5     $ 135   \n                                 \n Basic and diluted income per share attributable to common shareholders $ 0.04     $ 0.10     $ 0.44     $ (0.02 )   $ 0.01   $ (0.03 )   $ 0.02     $ 0.56   \n Basic and diluted weighted average shares outstanding   243       243       243       243       243     243       243       243   \n                                 \n Net income (loss) attributable to common shareholders $ 10     $ 24     $ 107     $ (5 )   $ 3   $ (9 )   $ 5     $ 135   \n Net income margin (2)   0.3 %                             3.8 % \n Depreciation   11       —       —       —       —     —       —       11   \n Amortization of intangibles   118       —       (118 )     —       —     —       —       —   \n Interest expense and other, net   88       —       —       (3 )     —     —       —       85   \n Provision for income taxes   13       8       11       8       —     1       2       43   \n EBITDA (non-GAAP) $ 240     $ 32     $ —     $ —     $ 3   $ (8 )   $ 7     $ 274   \n EBITDA margin   6.7 %                             7.7 % \n                                 \n 1 - Calculation uses a full year estimated statutory rate on each non-GAAP tax \n deductible adjustment, unless the nature of the item requires application of \n specific tax treatment for related impacts. \n 2 - Calculated as net income attributable to common shareholders divided by \n revenues. \n\n\nAMENTUM HOLDINGS, INC.\n\nUNAUDITED NON-GAAP FINANCIAL MEASURES\n\n(in millions, except per share data and margin percentages)\n\nThe following table presents the reconciliation of Adjusted EBITDA, Adjusted\nEBITDA Margin, Adjusted Net Income and Adjusted Diluted EPS to the most\ndirectly comparable GAAP measures for the nine months ended June 27, 2025:\n   For the Nine Months Ended June 27, 2025 \n   As reported   Acquisition, transaction and integration costs   Amortization of intangibles   Divestitures   Loss on extinguishment of debt   Utilization of fair market value adjustments   Stock-based compensation   Non-GAAP results \n                 \n                 \n Revenues $ 10,468     $ —     $ —     $ —     $ —   $ —     $ —     $ 10,468   \n                                 \n Operating income $ 345     $ 62     $ 358     $ —     $ —   $ 16     $ 15     $ 796   \n Non-operating expenses, net   (264 )     —       —       3       3     —       —       (258 ) \n Income before income taxes   81       62       358       3       3     16       15       538   \n Provision for income taxes (1)   (59 )     (15 )     (41 )     (8 )     —     (3 )     (3 )     (129 ) \n Net income (loss) including non-controlling interests   22       47       317       (5 )     3     13       12       409   \n Less: net income (loss) attributable to non-controlling interests   4       —       —       —       —     (25 )     —       (21 ) \n Net income (loss) attributable to common shareholders $ 26     $ 47     $ 317     $ (5 )   $ 3   $ (12 )   $ 12     $ 388   \n                                 \n Basic and diluted income (loss) per share attributable to common shareholders $ 0.11     $ 0.19     $ 1.30     $ (0.02 )   $ 0.01   $ (0.04 )   $ 0.05     $ 1.60   \n Basic and diluted weighted average shares outstanding   243       243       243       243       243     243       243       243   \n                                 \n Net income (loss) attributable to common shareholders $ 26     $ 47     $ 317     $ (5 )   $ 3   $ (12 )   $ 12     $ 388   \n Net income margin (2)   0.2 %                             3.7 % \n Depreciation   29       —       —       —       —     —       —       29   \n Amortization of intangibles   358       —       (358 )     —       —     —       —       —   \n Interest expense and other, net   261       —       —       (3 )     —     —       —       258   \n Provision for income taxes   59       15       41       8       —     3       3       129   \n EBITDA (non-GAAP) $ 733     $ 62     $ —     $ —     $ 3   $ (9 )   $ 15     $ 804   \n EBITDA margin   7.0 %                             7.7 % \n                                 \n 1 - Calculation uses a full year estimated statutory rate on each non-GAAP tax \n deductible adjustment, unless the nature of the item requires application of \n specific tax treatment for related impacts. \n 2 - Calculated as net income attributable to common shareholders divided by \n revenues. \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260810801923/en/\n(https://www.businesswire.com/news/home/20260810801923/en/)\n\nInvestor Relations Contact \n\nJoseph DeNardi\n\nIR@amentum.com (mailto:IR@amentum.com)\n\nMedia Contact \n\nRoela Santos\n\nRoela.Santos@amentum.com (mailto:Roela.Santos@amentum.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-08-10T20:30:00.719630207Z","server_sent_at_ms":1786393800719},"received_at":"2026-08-10T20:30:01.180Z","source_url":"https://www.businesswire.com/news/home/20260810801923/en/"},"analysis":{"id":"103644","press_release_id":"114642","analysis_json":{"industry":{"label":"Professional Services","sector":"Industrials"},"redFlags":["Revenue declined 2% year-over-year","Full-year revenue guidance was lowered","Revenue decline attributed to contract transitions and divestitures"],"eventType":"earnings","narrative":"Amentum reported Q3 fiscal 2026 revenue of $3.49 billion, a 2% year-over-year decline, while net income surged to $66 million from $10 million in the prior year.\n\nProfitability metrics showed strength with Adjusted EBITDA rising 6% to $290 million and Free Cash Flow increasing 35% to $135 million.\n\nThe company lowered its full-year revenue outlook but raised guidance for Adjusted EBITDA and Adjusted EPS, supported by an 8% increase in total backlog to $48.2 billion and recent contract wins in nuclear and defense.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Strong bottom-line execution and cash flow offset top-line headwinds as backlog grows."},"keyFigures":{"eps":0.27,"revenue":3490000000,"guidance":"FY26 Revenue $13.8B-$14.0B (lowered from $13.95B-$14.30B); Adj EBITDA $1.115B-$1.14B (raised from $1.10B-$1.14B); Adj EPS $2.40-$2.50 (raised from 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EPS"},{"amount":"$135 million","context":"Q3 Free Cash Flow"},{"amount":"$48.2 billion","context":"Total Backlog"},{"amount":"$400 million","context":"Global Nuclear Energy awards"},{"amount":"$250 million","context":"Critical Digital Infrastructure awards"},{"amount":"$1 billion","context":"Classified Defense Awards"},{"amount":"$500 million","context":"COSMOS contract value"},{"amount":"$974 million","context":"CMOE II contract value"}]},"materialImpact":{"score":4,"reasoning":"Significant bottom-line outperformance with Adjusted EPS up 20% YoY and Free Cash Flow up 35%, offset by a 2% revenue decline and a slight reduction to full-year revenue guidance."},"tickerRelevance":{"others":[],"primary":"AMTM"},"globalImportance":30,"audienceRelevance":35,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"earnings-mixed","sectorWeight":"industrials","cashFlowStrength":"high"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"mixed","material_impact_score":4,"narrative":"Amentum reported Q3 fiscal 2026 revenue of $3.49 billion, a 2% year-over-year decline, while net income surged to $66 million from $10 million in the prior year.\n\nProfitability metrics showed strength with Adjusted EBITDA rising 6% to $290 million and Free Cash Flow increasing 35% to $135 million.\n\nThe company lowered its full-year revenue outlook but raised guidance for Adjusted EBITDA and Adjusted EPS, supported by an 8% increase in total backlog to $48.2 billion and recent contract wins in nuclear and defense.","key_figures":{"eps":0.27,"revenue":3490000000,"guidance":"FY26 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EPS"},{"amount":"$135 million","context":"Q3 Free Cash Flow"},{"amount":"$48.2 billion","context":"Total Backlog"},{"amount":"$400 million","context":"Global Nuclear Energy awards"},{"amount":"$250 million","context":"Critical Digital Infrastructure awards"},{"amount":"$1 billion","context":"Classified Defense Awards"},{"amount":"$500 million","context":"COSMOS contract value"},{"amount":"$974 million","context":"CMOE II contract value"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-11T00:44:50.508Z","global_importance":30,"audience_relevance":35,"importance_components":{"tickerTier":"mid-cap","eventGravity":"earnings-mixed","sectorWeight":"industrials","cashFlowStrength":"high"}},"durationMs":null,"modelName":"glm-4.7"}}