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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 secured a contract with the Naval Facilities Engineering Systems Command (NAVFAC) for the CLEAN Program, valued at
AECOM (NYSE: ACM) announced that CEO Troy Rudd will participate in a fireside chat at Citi’s 2023 Global Industrial Tech and Mobility Conference on February 21 at 9:40 a.m. ET. The discussion will cover AECOM's strategic and financial initiatives aimed at enhancing competitive advantage and long-term shareholder value. A webcast of the session will be available online at AECOM's investor website.
AECOM is a leading infrastructure consulting firm with a revenue of $13.1 billion in fiscal year 2022, providing a wide range of services throughout the project lifecycle.
AECOM (NYSE:ACM) reported its first quarter fiscal 2023 results, showing a 4% increase in revenue to $3.4 billion but a 10% decline in operating income to $152 million. Net income fell 26% to $88 million, with diluted EPS decreasing 23% to $0.62. Despite these declines, organic net service revenue (NSR) growth accelerated to 8%, driven by a 9% increase in the design business and a record design backlog, up 9%. AECOM reiterated its financial guidance, targeting an adjusted EPS between $3.55 and $3.75 for fiscal 2023, and expects free cash flow between $475 million and $675 million.
AECOM (NYSE:ACM) announced it will release its first quarter fiscal 2023 earnings results on February 6, 2023, after market close. A conference call and webcast will occur on February 7, 2023, at 12 p.m. ET, where management will discuss financial results, strategic accomplishments, and market trends. The press release and presentation slides will be accessible on the company’s website on that day. AECOM reported $13.1 billion in revenue for its Professional Services business in fiscal 2022, highlighting its role as a leading infrastructure consulting firm.
AECOM (NYSE: ACM) declared a quarterly cash dividend of $0.18 per share, reflecting a 20% increase from the prior dividend of $0.15. This dividend is payable on January 20, 2023, to stockholders of record as of January 4, 2023. CEO Troy Rudd emphasized the company's commitment to returning cash flow to stockholders, highlighting nearly $500 million returned through share repurchases and dividends in fiscal 2022, supported by a strong balance sheet and growth strategy.
AECOM (NYSE: ACM) announced its role in the Ontario Transit Group to provide design services for the Ontario Line Southern Civil, Stations, and Tunnel project. This 15.6-kilometer transit line will enhance connectivity in Toronto and is part of Canada's largest public transit investment. The project includes ground works, utility systems, and station construction. AECOM aims to deliver sustainable, high-quality solutions, contributing to the revitalization of transit access for thousands of residents.
AECOM (NYSE: ACM) has been selected to manage the Strategic Undergrounding Program for San Diego Gas & Electric (SDG&E), aiming to enhance electric safety and reliability by burying power lines to mitigate wildfire risks. This initiative underscores AECOM's commitment to sustainable solutions and improving community resilience against climate impacts. The partnership is expected to facilitate the undergrounding of hundreds of miles of overhead electric lines over the next decade, emphasizing innovative strategies in project management.
AECOM (NYSE:ACM) reported robust fourth quarter and full year fiscal 2022 results with key metrics indicating strong performance. Fourth quarter organic NSR growth in the design segment reached a ten-year high, while total revenue increased 2% to $3.4 billion. Net income rose 21% to $115 million, and EPS increased 26% to $0.82. The company anticipates organic NSR growth of approximately 8% and adjusted EPS between $3.55 and $3.75 for fiscal 2023. With an 8% year-over-year increase in design backlog and improved operational profitability, AECOM's long-term outlook remains positive.
AECOM (NYSE: ACM) has been selected for program management support of the California High-Speed Rail Authority's groundbreaking electrified high-speed rail project. This initiative aims to connect major California cities, with trains exceeding 200 miles per hour. The program is expected to enhance mobility, create economic benefits, and address environmental concerns. Currently under construction, it has already generated over 9,000 jobs and aims to connect Los Angeles and the San Francisco Bay Area in under three hours.
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