AECOM (ACM) said Tuesday it increased its long-term financial targets for fiscal 2026 through fiscal 2029.

The company said it now expects an over 20% segment adjusted operating margin and adjusted EBITDA margin exit rate by fiscal 2028 after reaching its prior 17% target five quarters ahead of expectations in Q3.

The company also updated its adjusted earnings per share and free cash flow per share growth guidance to over 15% annually, compared with its prior outlook of double-digit growth.

AECOM also said it targets organic net service revenue growth of 5% to 8% for fiscal 2026 through 2029.

Shares of the company were down 4.5% in recent Tuesday premarket activity.