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Amentum Holdings Inc. (AMTM-0.95%) has submitted its Form 10-K filing for the fiscal year ended September 27, 2024.
The filing details Amentum's merger with Jacobs Solutions Inc.'s Critical Mission Solutions business, resulting in Amentum Holdings Inc. becoming a public company.
The report highlights Amentum's revenue of $8.388 billion for the fiscal year, an increase from $7.865 billion in the previous year, driven by new contract awards and growth on existing programs.
Cost of revenues was reported at $7.590 billion, up from $7.083 billion, reflecting increased revenue volume.
Selling, general, and administrative expenses rose to $353 million, attributed to acquisition, transaction, and integration costs.
Amentum reported a net loss of $83 million, an improvement from a $321 million loss the previous year, with the change influenced by a gain on the acquisition of a controlling interest and reduced goodwill impairment charges.
The company ended the fiscal year with a backlog of $45.0 billion, indicating strong revenue visibility for future periods.
Cash and cash equivalents increased to $452 million, with net cash provided by operating activities at $47 million.
Amentum's total liabilities stood at $7.422 billion, with long-term debt, net of current portion, at $4.643 billion.
The filing also discusses Amentum's strategic focus on growth through acquisitions and investments, with an emphasis on expanding capabilities in high-growth markets.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Amentum Holdings Inc. annual 10-K report dated December 17, 2024. To report an error, please email earnings@qz.com.