Amentum Stock Drops on Expected Winding Down of Government Programs | Global News Avenue

Amentum Holdings (AMTM) posted a profit in the fourth quarter, but shares fell on Tuesday after executives said on the company’s earnings call that they believe growth in fiscal 2025 will be affected by the expected end of certain government programs.

Government technology provider reports fourth quarter Earnings per share (EPS) The loss was $0.28 per share, compared with a loss of $0.07 per share a year ago. Revenue increased 3.5% year over year to $2.21 billion. It confirmed full-year guidance and increased its fiscal 2025 adjusted earnings per share estimate to a range of $2.00 to $2.20.

However, Chief Financial Officer (CFO) “Growth driven by new program incentives … is expected to be partially offset by the closure of certain historical programs,” Travis Johnson said on the company’s earnings call, according to a transcript provided by AlphaSense.

Amentum recently joined the S&P 500 but will move to the Small Cap 600 next week

catfish join in this S&P 500 Index After September 30 spin off From engineering and construction company Jacobs Solutions (J) after merging with the latter’s mission-critical solutions and cyber and intelligence businesses. This was short-lived, however, with S&P Dow Jones Indices announcing earlier this month that Amentum would become Deleted It was removed from the index and included in the S&P SmallCap 600 Index, effective December 23.

Amentum Holdings shares have fallen 28% since the split.