Amentum Holdings Inc Stock Price, News & Analysis

Amentum (NYSE: AMTM), through its subsidiary Jacobs Technology Inc., has secured a significant $4 billion Space Force Range Contract (SFRC) from the United States Space Force. The 10-year IDIQ contract, commencing June 1, 2025, involves providing critical systems engineering, cybersecurity, logistics, and program management solutions.

The contract focuses on modernizing the Launch and Test Range System (LTRS) to enable high-capacity multi-user spaceports. Work will be conducted at multiple locations including Patrick Space Force Base, Cape Canaveral Space Force Station, and Vandenberg Space Force Base. Amentum will begin transition activities immediately to maintain operational continuity amid growing launch demands.

Amentum (NYSE:AMTM) reported strong Q3 FY2025 results with revenues of $3.6 billion, representing 2% pro forma growth. The company achieved net income of $10 million and Adjusted EBITDA of $274 million, with diluted EPS of $0.04 and adjusted diluted EPS of $0.56.

Key financial metrics include operating cash flow of $106 million, free cash flow of $100 million, and a substantial backlog of $44.6 billion. The company reduced net debt to $3.8 billion with net leverage at 3.5x. Notable achievements include a $4 billion Space Force Range Contract and successful divestiture of Rapid Solutions for $360 million.

Amentum raised its FY2025 organic guidance, projecting revenues between $13.975-14.175 billion and adjusted EBITDA of $1.065-1.095 billion.

Jacobs Solutions (NYSE:J) reported strong fiscal Q3 2025 results with gross revenue growing 5.1% year-over-year to $3.0 billion and adjusted net revenue up 7.0% to $2.2 billion. The company's GAAP net earnings surged 119% to $181.2 million, while adjusted EBITDA increased 13.5% to $314.3 million.

Key highlights include backlog growth of 14.3% to $22.7 billion with a Q3 book-to-bill ratio of 1.2x. The company repurchased $101 million of shares in Q3 and a record $653 million fiscal year-to-date. Infrastructure & Advanced Facilities and PA Consulting showed strong performance, with PA Consulting's revenue growing 15% year-over-year.

Jacobs raised its FY2025 adjusted EPS guidance to $6.00-6.10 and expects adjusted net revenue growth of approximately 5.5% over fiscal 2024, with adjusted EBITDA margin projected at 13.9%.

Amentum (NYSE: AMTM), a global leader in advanced engineering and innovative technology solutions, has scheduled its Q3 FY2025 earnings conference call for August 6, 2025, at 8:30 AM EST. The company will release its financial results for the quarter ending June 27, 2025, before the call.

Investors can access the webcast through Amentum's Investor Relations Website. Following the call, a replay will be available along with the earnings release, presentation slides, and supplemental financial information on the same platform.

Amentum (NYSE: AMTM) has successfully completed the sale of its Rapid Solutions product business to Lockheed Martin (NYSE: LMT) for $360 million in an all-cash transaction. The strategic divestiture aligns with Amentum's focus on becoming a pure-play provider of technology-enabled solutions while strengthening its financial position and flexibility.

Amentum (NYSE: AMTM) has secured a major contract as part of Nuclear Laboratory Partners of Canada (NLPC) to manage and operate Canadian Nuclear Laboratories (CNL). The contract, awarded by Atomic Energy of Canada Limited (AECL), is valued at approximately CAD$1.2 billion annually. The BWXT-led joint venture includes Amentum, Kinectrics, and Battelle, with a six-year base period and potential extensions up to 20 years based on performance. The partnership will focus on advancing nuclear science, technology, and innovation across Canada, with Amentum providing comprehensive nuclear operational solutions, research and development, and technical expertise. The transition is set to begin in summer 2025.

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.