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AECOM (NYSE: ACM) is a globally recognized infrastructure consulting firm delivering comprehensive professional services throughout the project lifecycle. From advisory, planning, design, and engineering to program and construction management, AECOM caters to both public and private sector clients across 150 countries. Headquartered in Los Angeles, the company employs 51,000 professionals and generated $14.4 billion in sales and $847 million in adjusted operating income in fiscal 2023.
As a fully integrated firm, AECOM connects knowledge and experience across its global network of experts to help clients solve their most complex challenges. Their projects span a variety of sectors including transportation, buildings, water, new energy, and the environment. Recently, AECOM's joint venture with Stantec was awarded a significant environmental planning contract by the Naval Facilities Engineering Systems Command (NAVFAC) Pacific, exemplifying dedication to resilient and sustainable infrastructure.
AECOM’s partnership with the Texas Department of Transportation on the $4.5 billion Capital Express (CapEx) Central project in Austin further highlights their role in critical infrastructure development. Additionally, the company's involvement in expanding Ontario’s Clarkson Water Resource Recovery Facility underscores their expertise in water treatment and environmental services.
Committed to sustainability and innovation, AECOM's collaboration with Unitywater in Australia aims to enhance water and sewage services to over 800,000 residents. Their strategic initiatives also include supporting FEMA’s Public Assistance grant program to aid disaster-affected communities.
AECOM is also at the forefront of supporting Ukraine’s hydropower infrastructure restoration, reflecting their ability to handle complex, large-scale projects. With a commitment to delivering sustainable legacies, AECOM continues to lead in infrastructure consulting, driven by their technical and digital expertise, and a culture of equity, diversity, and inclusion.
AECOM (NYSE: ACM) has announced significant success in securing UK Water sector contracts for Asset Management Period 8 (AMP8). The company maintained a 100% win rate on recompete contracts, with framework values more than doubling compared to AMP7. The AMP8 regulatory framework, running from 2025 to 2030, encompasses approximately £104 billion, representing a 77% increase from AMP7.
Recent victories include major professional service frameworks for Thames Water and Southern Water, including support for Southern Water's $4.8 billion capital delivery program. The AMP8 program will focus on reliability, sustainability, and digitalization improvements for water infrastructure in England and Wales. AECOM, ranked as the No. 1 Water design firm by Engineering News-Record, achieved maximum quality scores in tender submissions.
AECOM (NYSE: ACM) has been selected as the delivery partner for Austin Transit Partnership's Phase 1 light rail transit system project. The company will provide program management oversight, environmental services, design management, rail activation, and operational readiness for Austin's first light rail system. The project encompasses approximately 10 miles with 15 stations, connecting key locations including Lady Bird Lake, downtown Austin, and the University of Texas at Austin.
As delivery partner, AECOM will lead a technical team including Disadvantaged Business Enterprise (DBE) firms to promote socially and economically disadvantaged individuals' participation. The project is part of the broader Austin Strategic Mobility Plan, with future expansions planned to extend north to major hubs and south to Austin's airport.
AECOM (NYSE: ACM) has been appointed by Thames Water to a new £400 million professional services framework in the UK. The FA1980 framework combines multiple existing professional services frameworks and will run for five years, with a possible three-year extension. AECOM has secured positions on four lots, leading three as primary consultant with Arcadis and GHD as subconsultants, and serving as subconsultant on the fourth lot.
The framework supports Thames Water's 2025-2030 business plan for AMP8 regulatory period, focusing on improving water and wastewater services, infrastructure upgrades, leakage prevention, and environmental enhancement. The framework covers multi-disciplinary services, infrastructure engineering, environmental services, and non-infrastructure engineering services. Currently, AECOM has 20 staff members seconded to Thames Water under the previous FA1300 framework.
AECOM and Jacobs Consultancy Canada's joint venture has been selected by Metro Vancouver for preliminary engineering services on the Iona Island Wastewater Treatment Plant upgrade. The plant, built in 1963, serves 750,000 residents and processes 200 billion liters of wastewater annually. The upgrade aims to meet regulatory requirements, improve water quality, support carbon neutrality objectives, and enhance climate resilience. The joint venture will provide design and project planning oversight, focusing on sustainable improvements while minimizing environmental impact and enhancing operational efficiency.
AECOM announced key updates to its capital allocation strategy, including a $1 billion increase in share repurchase authorization and an 18% increase in quarterly dividend to $0.26 per share. The company has returned $2.5 billion to shareholders since 2020, with $2.2 billion in stock buybacks reducing shares outstanding by 21%. AECOM has delivered a 20% average annual increase in dividend over the last three years. The next dividend payment is scheduled for January 17, 2025, to stockholders of record on January 2, 2025.
AECOM (NYSE:ACM) reported strong Q4 and full year fiscal 2024 results, exceeding previously increased guidance. Q4 revenue grew 7% to $4.1B, with net income up 396% to $168M. Full-year revenue increased 12% to $16.1B, with net income rising 343% to $506M. The company achieved record margins with adjusted EBITDA margin at 16.7% in Q4 and 16.0% for the full year.
Total backlog reached a new record with a 3% increase, while design backlog grew 5%. Free cash flow hit a record $708M, up 20% YoY. For fiscal 2025, AECOM expects organic NSR growth of 5-8% and adjusted EPS of $5.00-$5.20. The company increased its share repurchase authorization to $1B and quarterly dividend by 18%.
AECOM has been awarded a $90 million single-award task order by USAID to support the G7 Partnership for Global Infrastructure and Investment (PGI). The company will provide technical expertise for infrastructure development in rail, port, clean energy, digital technology, and food security projects worldwide. The PGI initiative, launched at the G7 Summit in 2022, aims to facilitate sustainable infrastructure investments in developing nations. AECOM will offer technical advisory services and support private investment facilitation. The U.S. has already mobilized over $60 billion towards PGI investments and aims to reach $200 billion by 2027, contributing to the G7's $600 billion target.
AECOM (NYSE:ACM) has scheduled its fourth quarter and full year fiscal 2024 earnings release for November 18, 2024, after U.S. market close. The company will host a conference call and webcast on November 19, 2024, at 8 a.m. Eastern Time to discuss financial results, strategic accomplishments, and market trends. The presentation will be accessible via webcast at investors.aecom.com, with dial-in options available at 800-599-5188 (U.S.) or 646-307-1591 (International) using passcode 7295287.
AECOM (NYSE: ACM) has been selected to support Southern Water's $4.8 billion capital delivery program for the AMP8 period (2025-2030). The company will serve as a detailed design partner to Kier on non-infrastructure water and wastewater projects, and as the sole design partner to Morrison Water Services for infrastructure projects and low complexity wastewater projects.
This selection builds on AECOM's existing appointments to Southern Water's AMP8 Professional Services Framework. The company will provide design engineering services, including optioneering, outline, and detailed design across water and wastewater projects. The frameworks run for seven and five years, respectively, with options for extension.
AECOM's involvement underscores its market sector leadership and technical expertise in water infrastructure modernization and sustainability. The collaboration aims to address challenges posed by population growth, climate change, and environmental protection needs.
AECOM has been selected by the Texas Department of Transportation (TxDOT) to provide design services for Segment 3C-4 of the North Houston Highway Improvement Project (NHHIP). This project aims to redesign I-45N between downtown Houston and the North Sam Houston Tollway, focusing on lane expansions, traffic congestion alleviation, commuter safety enhancement, and flood resiliency improvement.
AECOM's scope includes designing four express lanes, realigning I-45's six main lanes, and widening from one to four managed lanes from west of Houston Avenue to west of White Oak Bayou. The project also involves drainage system improvements to ensure roadway functionality during extreme weather events.
The NHHIP is expected to expand multi-modal transit options by adding more high-occupancy vehicle lanes, bike lanes, and pedestrian trail paths. It also aims to enhance regional freight mobility, supporting Houston's growth as local ports continue to expand.
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