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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.
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.
The engineering and technology company swings to a profit in its fiscal fourth quarter.
Amentum Holdings, Inc. AMTM will release earnings results for its latest quarter, before the opening bell on Tuesday, Dec. 17.
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,.
In September, Jacobs Solutions separated a company that focuses on engineering and technology solutions.
Jacobs Solutions Inc. (NYSE: J) reported its financial results for the fourth quarter and fiscal year ending September 27, 2024, showing a revenue increase of 4.4% year-on-year to $3.0 billion. The company also saw a significant rise in net income, which reached $309 million, up 333.1% from the previous year. Additionally, Jacobs highlighted a successful separation of its Critical Mission Solutions and Cyber & Intelligence businesses, leading to the listing of Amentum on the NYSE under the ticker AMTM.
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