Amentum Holdings Inc Stock Price, News & Analysis

Amentum (NYSE: AMTM) reported its Q2 FY2025 results with revenues of $3.5 billion, showing 1% growth on a pro forma basis. The company achieved net income of $4 million and Adjusted EBITDA of $268 million. Key financial metrics include diluted EPS of $0.02, adjusted diluted EPS of $0.53, and operating cash flow of $57 million. The company maintains a strong backlog of $45 billion with a 1.0x YTD book-to-bill ratio. Notable achievements include securing over $1 billion in intelligence contracts and being selected for the Sizewell C nuclear power station project. Amentum also announced the planned divestiture of its Rapid Solutions business for $360 million. The company reaffirmed its FY2025 guidance with projected revenues of $13.85-14.15 billion and adjusted EBITDA of $1.065-1.095 billion.

Jacobs Solutions (NYSE: J) reported its Q2 2025 financial results with mixed performance. Gross revenue grew 2.2% year-over-year to $2.9 billion, while adjusted net revenue increased 3.1%. The company's backlog reached $22.2 billion, up 20% year-over-year, with a Q2 book-to-bill ratio of 1.1x. GAAP net earnings were $11.2 million, with EPS of $0.10, while adjusted EPS was $1.43. Performance was impacted by a reserve following an interim ruling against a consolidated JV and $109.5 million in mark-to-market losses on Amentum investment. The company demonstrated strong shareholder returns, repurchasing $351 million of shares in Q2 and $552 million in H1 2025. Jacobs reaffirmed its FY 2025 guidance, expecting mid-to-high single-digit adjusted net revenue growth and adjusted EPS of $5.85-$6.20.

Jacobs (NYSE: J) has announced a special dividend distribution of 7,299,065 shares of Amentum (NYSE: AMTM) common stock to its shareholders. The distribution follows the September 2024 Reverse Morris Trust transaction where Jacobs' Critical Mission Solutions and parts of Divergent Solutions merged with Amentum.

Key details:

• Record date: May 16, 2025
• Distribution date: May 30, 2025
• Ex-dividend date: May 16, 2025

The final distribution ratio will be calculated by dividing the Amentum shares by outstanding Jacobs shares on the record date. No fractional shares will be distributed; instead, they will be sold in the public market with net proceeds distributed to eligible shareholders. After this distribution, Jacobs will no longer own any Amentum shares. Shareholders will receive book-entry statements or brokerage account credits reflecting their new Amentum stock ownership.

Amentum (NYSE: AMTM) has announced an agreement to sell its Rapid Solutions hardware and product business to Lockheed Martin (NYSE: LMT) for $360 million in cash. The transaction is expected to close in the second half of 2025 and generate approximately $325 million in after-tax proceeds.

Rapid Solutions, representing about 1% of Amentum's annual Revenue and Adjusted EBITDA, manufactures ISR, advanced communications, and tactical systems for national security missions. The divestiture will strengthen Amentum's position as a pure-play provider of technology-enabled solutions and support its debt reduction goals. Approximately 230 employees will transition to Lockheed Martin upon closing.

Amentum (NYSE: AMTM) has been awarded a $247.6 million contract from the U.S. Department of Defense Air Combat Command for counter-threat finance operations. The contract, spanning 96 months with a 4-month transition period, focuses on combating transnational organized crime, counter-drug, and counter-terrorism missions.

Under this agreement, Amentum will deploy AI/Machine Learning-enabled tools and advanced analytical techniques to disrupt illegal financial networks supporting criminal and terrorist organizations. The primary focus will be on disrupting synthetic opioid supply chains and associated money laundering activities.

The contract is part of the Counternarcotics and Global Threats Multi-Award IDIQ, Operations and Logistics Pool, demonstrating DOD's continued confidence in Amentum's expertise.

Jacobs (NYSE:J) has received the final post-closing adjustments from the Critical Mission Solutions (CMS) Separation Transaction, consisting of $70 million in cash and 7,299,065 shares of Amentum Holdings (NYSE: AMTM) common stock. The cash portion has been used to reduce Jacobs' outstanding debt.

The Amentum shares, representing 3% of Amentum's outstanding shares at the transaction closing, are planned to be distributed pro rata to Jacobs' shareholders, pending Board approval. This distribution will occur on a yet-to-be-determined record date. This adjustment determination marks the completion of the CMS Separation Transaction, with only transition services and post-closing assistance remaining.

Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, has scheduled its second quarter fiscal year 2025 earnings conference call for May 7, 2025 at 8:30 AM EDT. The company will release its financial results for the quarter ending March 28, 2025 before the call.

The conference call will be accessible to the public via webcast through Amentum's Investor Relations Website. Following the call, investors can access a replay of the conference call, earnings release, presentation slides, and supplemental financial disclosures through the same platform.

Amentum (NYSE: AMTM) has appointed Corhyn Parr as Vice President of International Business Development. Parr joins the company following her role as CEO of Nuclear Waste Services, a UK Nuclear Decommissioning Authority subsidiary.

In her new position, Parr will focus on expanding Amentum's global presence in defense, energy, and environment sectors. She brings over 20 years of nuclear industry experience, having previously served as Director of Integrated Waste at the NDA, where she consolidated Radioactive Waste Management and Low-Level Waste Repository operations.

Her expertise spans nuclear operations, generation, decommissioning, and waste management across UK nuclear licensed sites, with international experience in Europe, Canada, and the USA. The appointment aims to enhance Amentum's service offerings and international presence through her experience in regulatory compliance and partnership building.

Amentum Holdings (NYSE: AMTM) has announced the pricing of its secondary public offering of 19,464,174 shares at $16.50 per share. The offering is expected to close on March 13, 2025.

The transaction involves a debt-for-equity exchange where a Jacobs Solutions subsidiary will exchange these shares with a BofA Securities affiliate (the Selling Shareholder), who will then sell them to the offering's underwriters. Amentum will not receive any proceeds from this transaction.

After the offering's completion, Jacobs will cease to hold Amentum shares, except for potential future receipt of 9,732,087 escrowed shares subject to performance milestones. The offering's joint book-running managers include BofA Securities, J.P. Morgan, Morgan Stanley, BNP Paribas, and TD Cowen.