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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 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.
AECOM (NYSE: ACM) has been approved by Edmonton to continue as owner’s engineer for the Valley Line LRT extension, securing a CAD$124 million contract amendment. This includes oversight for the Valley Line West and ongoing work on Valley Line Southeast. The CAD$4.2 billion project aims to enhance public transit and create thousands of jobs amid post-pandemic recovery. Construction on the Valley Line Southeast is expected to finish this year, while the Valley Line West is set for completion by 2027.
AECOM (NYSE: ACM) has been selected to provide program management services for the New Jersey Turnpike Authority’s $1.1 billion Interchange 1 to 4 Widening Program. This initiative aims to enhance capacity and reduce congestion along a 36.5-mile stretch, with AECOM overseeing preliminary engineering, environmental services, and stakeholder communication. The project also includes infrastructure improvements like replacing structures and upgrading safety measures. AECOM emphasizes leveraging their global resources and expertise to meet the Authority's needs efficiently.
AECOM (NYSE:ACM) reported Q2 fiscal 2021 results with revenue of $3.3 billion, a 1% increase year-over-year. Notable gains included a 43% rise in operating income to $158 million and an 82% leap in net income to $88 million. Adjusted diluted EPS reached a quarterly record of $0.67, up 22%. Backlog declined 5% to $39.4 billion. The company raised its adjusted EPS guidance to between $2.65 and $2.85, projecting 28% growth. AECOM's strong performance is attributed to improved market conditions and strategic efficiencies, despite a 1% decline in net service revenue.
AECOM (NYSE: ACM) has been awarded a contract to provide program management services for Phase 1 of the $3.5 billion Dallas Independent School District (DISD) 2020 Bond Program, marking its fourth consecutive partnership with the district. The company will oversee various project management aspects, including coordination of designers and contractors, for new facilities and upgrades. DISD serves over 150,000 students and aims to enhance educational infrastructure through this program.
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