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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) is leading the Humber Zero project, collaborating with VPI and Phillips 66 to secure permits for carbon capture and storage in Northern England. This initiative aims to capture up to 8 million tons of CO2 annually, aiding in the region's decarbonization efforts. The project is pivotal for maintaining industrial competitiveness and job security in the Humber region, home to 25% of the UK's refining capacity. AECOM emphasizes sustainability as part of its strategy, striving to create lasting positive impacts on local communities.
AECOM (NYSE: ACM) has secured positions on two Crown Commercial Service frameworks in the UK, enhancing its consultancy services to public sector clients. The company obtained five lots on the £1.7bn Construction Professional Services (CPS) Framework and four lots on the Management Consultancy Framework (MCF3), both lasting four years. This development supports AECOM's commitment to integrating ESG considerations into projects and expands its relationship with government clients as they adapt to post-pandemic needs and aim for net zero emissions.
AECOM (NYSE:ACM) announced the sale of its Oil & Gas maintenance and turnaround services business to Graham Construction affiliates. This divestment, considered non-core to AECOM's primary Professional Services business, will be included in discontinued operations. The transaction awaits customary closing conditions and regulatory approvals, expected to finalize in Q2 of fiscal 2022. CEO Troy Rudd highlighted the move as part of AECOM's strategy to concentrate on its higher-margin services, thanking the Oil & Gas team's contributions.
AECOM (NYSE: ACM) has been awarded a four-year secondment contract with Ashghal, Qatar’s Public Works Authority, involving over 200 technical experts. These professionals will support the management of Ashghal’s Local Roads and Drainage Program, aimed at enhancing Qatar's surface transport infrastructure. AECOM has been collaborating with Ashghal since 2012, contributing to various major projects. This contract aligns with Qatar’s focus on sustainable infrastructure as part of the Qatar National Vision 2030.
AECOM (NYSE: ACM) has secured positions on over 30 Lots of the Transport for London Engineering Consultancy Framework, including Multidisciplinary Engineering Services and Multidisciplinary Rail Engineering Services. This four-year framework will enable AECOM to provide engineering consultancy services to TfL and various London authorities. AECOM has a longstanding partnership with TfL, having contributed to major projects like Crossrail and Bakerloo Line Extension. The new framework is set to enhance service offerings in London infrastructure improvements.
AECOM (NYSE:ACM) has launched Digital AECOM, combining global digital consulting services and hosted products to assist clients in their digital transformations. With over 2,000 digital practitioners, this initiative aims to enhance project outcomes and support ESG goals. Key offerings include Digital Consulting Services and innovative software solutions like PlanEngage™ and PlanSpend™ to streamline project management. This initiative reinforces AECOM's commitment to sustainability and delivering integrated advisory capabilities.
AECOM (NYSE:ACM) reported strong fourth quarter and full year fiscal 2021 results, showcasing a 161% increase in operating income to $170 million and a net income rise to $95 million. Adjusted EPS reached $0.81, marking a 35% increase. For fiscal 2022, AECOM forecasts adjusted EPS between $3.20 and $3.40, reflecting a 17% year-over-year growth. The company raised its fiscal 2024 adjusted EPS target to $4.75+, indicating a projected 19% CAGR. Despite a 6% revenue drop in Q4 to $3.4 billion, adjusted NSR grew 6% during the same period, reinforcing AECOM's strong growth momentum.
AECOM (NYSE: ACM) has been awarded a contract to manage the development of the seventh runway at Denver International Airport (DEN). The firm will oversee environmental assessments and preliminary design as part of this project. AECOM's collaboration with local businesses and regulatory agencies emphasizes a commitment to sustainability and effective project delivery. With a history of supporting DEN for over 25 years, AECOM aims to enhance the airport's operations amidst increasing air traffic, aligning with the airport's original master plan.
AECOM (NYSE: ACM) has signed a strategic partnership with the Royal Commission for AlUla to accelerate the $15-billion Phase 1 development in AlUla, Saudi Arabia, focusing on infrastructure, hospitality, and social development. This agreement marks a significant step from planning to implementation, set for completion by 2035. AECOM will enhance local community opportunities, having already trained 400 residents. This contract's value will be included in AECOM's reported backlog in Q1 fiscal 2022, aligning with its commitment to sustainable development.
AECOM (NYSE: ACM) has partnered with Cavnue to create a Connected and Automated Vehicle (CAV) Corridor in Southeast Michigan. The collaboration includes engineering planning and design services for CAV lanes, expanding to other areas across North America. The project aligns with AECOM's Sustainable Legacies strategy, focusing on enhancing social outcomes while reducing carbon impact. Cavnue aims to simplify the driving environment for autonomous vehicles using integrated technology. The Michigan Department of Transportation is also involved to leverage insights for roadway management.
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