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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 initiated a tender offer to purchase up to $500 million of its 5.875% Senior Notes due 2024. The company is also soliciting consents for proposed amendments to eliminate restrictive covenants and certain default events associated with the Notes. The tender offer will expire on April 20, 2021, unless extended. Holders tendering by April 6, 2021, will receive an early payment. Conditions include entering a new senior secured term loan. The tender offer is not conditioned on a minimum tender amount and may require proration based on total tenders.
AECOM (NYSE: ACM) has been selected by the U.S. Air Force Civil Engineer Center to deliver planning, design, and construction management services under the $2 billion Architect-Engineer NEXT 2021 contract. This contract spans a five-year base period with an option for an additional five years. AECOM has a history of collaboration with the U.S. Air Force, having managed the previous contract as the top service provider for various projects, including military construction and Foreign Military Sales.
AECOM (NYSE:ACM) hosted a virtual Investor Day, sharing its growth strategy focused on leveraging strengths in transportation, water, and environment consulting to meet ESG and sustainability demands. The firm aims to achieve an adjusted operating income margin of over 15% by fiscal 2024 and targets to double adjusted EPS and free cash flow from fiscal 2020 to 2024. AECOM reiterated its fiscal 2021 guidance, expecting adjusted EPS between $2.60 and $2.80 and free cash flow between $425 million and $625 million, reflecting strong growth prospects.
AECOM (NYSE:ACM) reported its first quarter fiscal year 2021 results, showcasing a 2% revenue increase to $3.3 billion. Operating income surged 62% to $141 million, with net income rising 170% to $83 million. Adjusted diluted EPS reached $0.62, up 35%. The backlog increased 9% to $39.7 billion, reflecting strong demand. Guidance for diluted adjusted EPS is raised to $2.60-$2.80, indicating 26% growth potential from fiscal 2020. However, net service revenue declined 5% organically due to fewer workdays.
AECOM (NYSE:ACM) plans to release its first quarter fiscal 2021 financial results after market close on February 8, 2021. A conference call will be held on February 9, 2021, at noon ET to discuss the results and strategic accomplishments. Additionally, an Investor Day is scheduled for February 16, 2021, where management will update its long-term financial guidance under the 'Think and Act Globally' strategy. The live webcast and presentation slides will be available on AECOM's investor site.
AECOM (NYSE: ACM) announced the appointments of Jennifer Aument as CEO of its global Transportation business and Drew Jeter as CEO of its global Program Management business. Aument, effective April 5, 2021, brings extensive experience from Transurban, while Jeter, effective January 25, 2021, has over 35 years in complex infrastructure delivery. These appointments aim to enhance AECOM's client service and project execution through their leadership, aligning with the company's 'Think and Act Globally' strategy for technical excellence and innovation.
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