Loss Per Share

12 Months Ended

Sep. 27, 2024

For the periods prior to September 27, 2024, the Company retrospectively adjusted the weighted average shares used in determining loss per share to reflect the conversion of the ownership interests of Amentum Parent Holdings LLC held by AJVLP that converted into 90,021,804 shares of the Company’s common stock at Transaction close. As discussed in Note 12 — Stock Based Compensation certain employees of the Company were granted stock-based compensation in the form of Class B Time-Vested and Performance-Vested units of AJVLP. The compensation expense associated with such awards is recognized in the Company’s financial statements, however as such shares represent outstanding equity of AJVLP, and not of the Company, such awards do not impact the Company’s calculation of the weighted average shares outstanding.

For the year ended September 27, 2024, Jacobs’ restricted stock units converted to Amentum time-based restricted stock were excluded from the computation of diluted loss per share because inclusion of these amounts would have had an anti-dilutive effect. There were no anti-dilutive shares in fiscal year 2023 or 2022.

Basic and diluted loss per share are computed as follows (in millions, except per share data):


	For the years ended
	September 27, 2024		September 29, 2023		September 30, 2022
Net loss attributable to common shareholders	$	(82)	$	(314)	$	(84)
Weighted-average number of basic shares outstanding during the period	91		90		90

Weighted-average number of diluted shares outstanding during the period	91		90		90
Basic loss per share	$	(0.90)	$	(3.49)	$	(0.93)
Diluted loss per share	$	(0.90)	$	(3.49)	$	(0.93)