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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 its third consecutive IDIQ contract with the USAID, valued at a shared program ceiling of $800 million. This five-year partnership allows AECOM to provide vital architecture and engineering services, enhancing USAID's capabilities in addressing global infrastructure and humanitarian needs. The services cover various sectors including water resources, environmental concerns, transportation, and healthcare. AECOM has a longstanding relationship with USAID, contributing to projects in over 80 countries.
AECOM (NYSE: ACM) has been appointed as the general engineering consultant for the METRORapid University Line project, the longest contiguous Bus Rapid Transit (BRT) system in the U.S., spanning 25 miles. This project will connect major destinations and universities in Houston, enhancing transit access.
AECOM will oversee project management and engineering services, collaborating with METRO to improve service reliability and customer experiences, while also supporting local businesses and universities.
AECOM (NYSE:ACM) plans to hold a conference call on November 15, 2021, at noon Eastern Time, to discuss its fourth quarter and full year fiscal 2021 financial results, along with strategic accomplishments and market trends. The live webcast will be accessible via the company's investor relations website, where a replay will also be available. Interested parties can join the call by dialing 844-200-6205 in the U.S. or 929-526-1599 internationally while entering the passcode 273131.
AECOM (NYSE: ACM) has been selected to manage the construction of the New Jersey Wind Port, the first purpose-built offshore wind port in the U.S. Located in Lower Alloways Creek Township, NJ, this 200-acre project is a critical investment for New Jersey, projected to create 83,000 jobs and attract over $150 billion in offshore wind investment in the next 15 years. AECOM CEO Troy Rudd emphasized the firm’s commitment to sustainability and community impact. The project aims to set diversity goals and significantly contribute to the renewable energy sector in New Jersey.
AECOM (NYSE: ACM) has been selected by NASA to provide architecture and engineering services under a five-year, indefinite delivery contract worth up to $300 million. This partnership continues a 50-year relationship, focusing on rehabilitating and modernizing facilities at key NASA sites like the Kennedy Space Center and Johnson Space Center. AECOM will deliver a broad range of infrastructure services, contributing to NASA's missions in space exploration and aeronautics research.
AECOM (NYSE: ACM) has announced an increase in its stock repurchase program by $1 billion, affirming its commitment to returning free cash flow to shareholders. Since September 2020, AECOM has repurchased about 19 million shares, reducing outstanding shares by 12%. CEO Troy Rudd emphasized the strong cash-generative nature of their Professional Services division as a basis for this decision, while CFO Gaurav Kapoor noted the significance of free cash flow for share repurchases.
AECOM (NYSE: ACM) has signed a memorandum of understanding (MOU) with Iberdrola and Italian partners to modernize Italy's Apennine diesel railway using hydrogen technology. This initiative aims to stimulate economic growth and sustainable recovery in the earthquake-affected Apennine region. The first project involves converting a 300km line to hydrogen trains, enhancing connectivity across several provinces. Additional plans include developing a new hydrogen rail link from Rome to Ascoli Piceno and assessing green hydrogen manufacturing in the area. This aligns with EU carbon neutrality goals.
AECOM (NYSE:ACM) reported third-quarter fiscal 2021 results, with revenue reaching $3.4 billion, a 7% increase year-over-year, and net service revenue at $1.5 billion, up 1%. Operating income surged 35% to $160 million, while net income declined 69% to $28 million, influenced by $122 million in pre-tax costs from debt refinancing. Adjusted EBITDA grew 15% to $214 million, with an increased adjusted EPS of $0.73, reflecting a 33% rise. AECOM raised its full-year adjusted EBITDA guidance to $810-$830 million and diluted adjusted EPS guidance to $2.75-$2.85, highlighting strong performance and growth potential.
AECOM (NYSE: ACM) has been awarded a contract extension by the U.S. Army Corps of Engineers (USACE) Baltimore District for nationwide environmental remediation services, valued at a ceiling of $240 million. This multiple-award contract includes five base years and two option years, reaffirming AECOM's long-standing relationship with USACE, which spans over 26 years. AECOM will continue providing a range of environmental services, demonstrating its commitment to sustainability and technical innovation in land restoration and environmental quality improvement.
AECOM (NYSE:ACM) plans to release its third quarter fiscal 2021 financial results after market close on August 9, 2021. A conference call and webcast for analysts and investors will be held on August 10, 2021, at noon Eastern Time. During this session, management will present the financial outcomes and discuss market trends. A live webcast and replay will be available on the company’s investor relations website, along with presentation slides containing detailed financial information.
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