Aecom - ACM STOCK NEWS

AECOM (NYSE:ACM) reported its first quarter fiscal 2022 results, revealing a 1% decrease in revenue to $3.3 billion but a remarkable 19% increase in operating income to $168 million. Adjusted EPS rose 44% to $0.89, supported by strong cash flow and stock repurchases totaling $213 million this quarter. The company raised its fiscal 2022 adjusted EPS guidance to between $3.30 and $3.50, reflecting 21% growth at mid-point. AECOM also declared its first quarterly dividend in December 2021, initiating a consistent cash return strategy to shareholders.

AECOM (NYSE: ACM) and Michael Baker International have secured a five-year, $75-million indefinite delivery contract with the U.S. Naval Facilities Engineering Systems Command (NAVFAC). This partnership aims to provide essential architecture and engineering services for environmental compliance programs. The contract encompasses support for various U.S. Navy and Marine Corps installations, reflecting AECOM's long-standing commitment to delivering environmentally sustainable solutions. The work will enhance NAVFAC's environmental program, emphasizing conservation and restoration efforts.

AECOM (NYSE:ACM) announced plans to release its first quarter fiscal 2022 financial results after market close on February 7, 2022. A conference call with analysts and investors is scheduled for February 8, 2022, at 8 a.m. Eastern Time, where management will discuss financial results and strategic accomplishments. The call can be accessed via phone or through a webcast available on the company's investor relations website.

In fiscal year 2021, AECOM's Professional Services business recorded revenue of $13.3 billion.

AECOM (NYSE: ACM) has been appointed as the General Engineering Consultant for the City of Richardson, Texas, focusing on its Capital Improvement Program, which includes a $400 million bond program aimed at enhancing city infrastructure over the next five to seven years. The project will target critical repairs and improvements across various city sectors including streets, public buildings, and drainage systems. AECOM aims to leverage its global program management expertise to ensure efficiency and cost reduction while minimizing public disruption.

AECOM (NYSE: ACM) has successfully deployed its PlanEngage™ platform for the Interstate 11 Corridor project, marking a significant milestone as the first use of this technology in a U.S. transportation project. The platform enhances communication and engagement by presenting complex information in an accessible format. The completion of the Final Tier 1 Environmental Impact Statement (EIS) reflects years of study and stakeholder input. AECOM aims to improve project transparency and stakeholder engagement through this digital tool, ultimately contributing to more efficient project planning and execution.

AECOM has been selected to manage the design and construction of Cargo Terminal 2 and Amiri Flight Facilities at Hamad International Airport in Doha, Qatar. This project is part of the airport's expansion program, aiming to enhance cargo capacity and operational efficiency, with a completion timeline extending over six years. AECOM aims to facilitate the operational readiness of the cargo bridging facility before the FIFA World Cup Qatar 2022. The project reflects AECOM’s commitment to support Qatar's growing economy through improved freight operations.

AECOM (NYSE: ACM) has initiated a quarterly cash dividend of $0.15 per share, payable on January 21, 2022, to shareholders on record as of January 5, 2022. The company aims for annual double-digit increases in dividends, reflecting confidence in its financial performance and operational outlook. AECOM expects adjusted EPS of $3.20 to $3.40 and adjusted EBITDA between $880 million and $920 million for fiscal 2022. Future dividends will be subject to Board approval, in alignment with their capital allocation policy to return cash to shareholders.