Earnings rose at Amentum, Chantilly, Va., in its first quarter, which the international engineering and technology company attributed to surging interest in nuclear both to power the grid and to support space exploration.
Net earnings for the first quarter of fiscal 2026 ended Jan. 2 were $44 million, or $0.18 a share, up from $12 million, or $0.05 a share, in the year-ago quarter. Quarterly revenue was $3.2 billion, down year-over-year from $3.4 billion.
Amentum posted its earnings press release Monday evening. Its earnings report slide deck and link to its conference call with Wall Street analysts Tuesday morning are available online.
Quarterly segment revenue for its Global Engineering Solutions branch, where Amentum directs its Department of Energy and Pentagon contract work, was $1.9 billion, down from $2.1 billion a year ago.
Company officials said the segment performance was nicked by the record 43-day federal government shutdown and some transition costs associated with its joint venture DOE contracts such as Office of Environmental Management work at the Portsmouth Site in Ohio and the Hanford Site in Washington state.
“Robust bookings across our accelerating growth markets reinforce the strength of our strategy that focuses on the high-demand mission areas of global nuclear energy, space systems and technologies, and critical digital infrastructure,” Amentum CEO John Heller said in the earnings release. “As a result, we remain well positioned to deliver on our fiscal year 2026 targets.”
Heller pointed to various nuclear energy agreements such as supporting Rolls Royce small modular reactor development in Europe. “But the U.S. market is just really starting to accelerate,” in everything from small to full-size reactor deployments, the CEO said. This will increasingly be reflected in financial performance within a few quarters because of the long lead time associated with nuclear projects, Heller said.
Amentum is increasingly active on everything from supporting NASA space missions to the Pentagon’s golden dome missile defense program, Heller said.