Amentum: Overview of First Quarter Financial Results

Amentum Holdings Reports $44 Million Profit in First Quarter

Amentum Holdings Inc., headquartered in Chantilly, Virginia, announced on Monday that it earned $44 million in profit during its fiscal first quarter.

The company’s net income translated to $0.18 per share. After adjusting for non-recurring items, earnings reached $0.54 per share.

These adjusted earnings exceeded analysts’ expectations, as the consensus from four analysts polled by Zacks Investment Research was $0.53 per share.

During the quarter, Amentum generated $3.24 billion in revenue, which was below the $3.34 billion anticipated by analysts surveyed by Zacks.

For the full fiscal year, Amentum projects earnings per share between $2.25 and $2.45, with expected revenue ranging from $13.95 billion to $14.3 billion.

Since the start of the year, Amentum’s stock price has risen by 27%. As of the close of trading on Monday, shares reached $36.73, marking a 66% increase over the past year.