Chantilly, Va.-based Amentum Holdings, a reconfigured mega-player in the Department of Energy’s nuclear weapons complex, is poised to release its first earning report as a publicly-traded company.
Amentum Holdings was created in its current form in July through the consolidation of then privately held Amentum and the cyber and government contracting business lines of Dallas-based Jacobs Solutions. Jacobs remains a big shareholder in the new Amentum, which trades on the New York Stock Exchange.
Amentum will report earnings for fiscal 2024 before the market opens Tuesday followed by a conference call with Wall Street analysts at 8:30 Eastern Time.
Amentum entered Monday trading with a stock price at $23.60 per share and since July has ranged from a high of more than $33 per share to a low of $22 per share.
Between the two, Amentum and Jacobs currently are lead partners in joint ventures with environmental cleanup contracts at DOE’s Hanford Site in Washington state, the Idaho National Laboratory, the Paducah Site in Kentucky, the Oak Ridge Site in Tennessee and the West Valley Demonstration Project in New York state. The companies also do much work for DOE’s National Nuclear Security Administration, the Department of Defense and NASA.
The legacy Amentum was formally created as a privately-held company in January 2020 when two New York-based investment firms bought out the Management Services division of Los Angeles-based AECOM, which is a public company.
