Welcome to our dedicated page for Aecom news (Ticker: ACM), a resource for investors and traders seeking the latest updates and insights on Aecom stock.
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 the City of Austin as the prime consultant for the expansion of the Walnut Creek Wastewater Treatment Plant (WWTP) in Austin, Texas. The project aims to increase the plant's capacity from 75 million gallons per day (MGD) to 100 MGD, addressing the needs of Austin's growing population and enhancing the resilience of its wastewater infrastructure.
The scope of work includes process, mechanical, civil, electrical, and structural engineering services to modernize and upgrade existing infrastructure. Key components of the expansion include:
- Replacing aging equipment
- Constructing a new 25 MGD treatment train
- Building a new 120-inch outfall line and structure
- Providing wet weather treatment with new 100 MGD cloth filters
- Building a flood wall for protection against 100-year floods
The Walnut Creek WWTP, originally built in 1977, has undergone three previous expansions. The facility is expected to remain operational throughout the upgrade process.
AECOM (NYSE: ACM) has been awarded first place on the design consultant lot of Wessex Water's new Capital Delivery Framework. This appointment supports Wessex Water's planned £3.7 billion investment between 2025-2030 for improvements across the South West of England. AECOM's role includes providing multidisciplinary design services for water and wastewater infrastructure.
The framework is initially for six years with an option to extend for five more years. AECOM will offer services from optioneering to detailed design and construction support throughout the next regulatory period, AMP8. The company will collaborate with other framework suppliers to support Wessex Water's '8 Outcomes', including net zero carbon, biodiversity improvements, and effective sewerage systems.
AECOM (NYSE: ACM) has been selected by the San Diego County Regional Airport Authority to provide program management services for the Capital Improvement Plan at San Diego International Airport (SAN). The project includes managing the $3.8 billion New Terminal 1 (NT1) program and modernizing Terminal 2 East (T2E). Key improvements include:
- New on-airport entrance road for faster access
- Bicycle lanes and pedestrian path connecting to surrounding communities
- Space for future public transit connection
- Enhanced passenger experience, safety, and airport design
AECOM's role encompasses program, project, and construction management services. The company has a history of supporting major capital development projects at SAN since 2005, including the 'Green Build' expansion and various facility improvements.
AECOM (NYSE: ACM) has been appointed to Northern Ireland Water's IF182 Professional Services Framework to deliver asset management, design, site supervision, program and project management services. The company will support NI Water's strategic objectives in two key areas:
1. Lot 1: Civil and mechanical, electrical, instrumentation, control and automation (MEICA) site supervision services.
2. Lot 3: Feasibility, design, project management, and climate change management services.
This appointment builds on AECOM's decades-long partnership with NI Water and aligns with the utility's long-term strategy for delivering high-quality drinking water, protecting the environment, and supporting sustainable growth. The framework covers the remaining three years of price control period PC21 and extends into PC27, with an initial duration of four years and potential for a four-year extension.
AECOM (NYSE: ACM), a leading global infrastructure consulting firm, has announced a quarterly cash dividend of $0.22 per share. This dividend is part of the company's ongoing quarterly dividend program and will be payable on October 18, 2024 to stockholders of record as of the close of business on October 2, 2024. The announcement demonstrates AECOM's commitment to providing regular returns to its shareholders and reflects the company's financial stability in the infrastructure consulting sector.
AECOM (NYSE: ACM) has been awarded a program management services contract by the New York Power Authority (NYPA) to oversee capital improvement projects supporting NYPA's VISION2030 strategic plan. This plan aims to lead New York's energy transition by providing affordable, clean, and reliable electricity. AECOM will provide engineering, design, and procurement services to assist NYPA in delivering their capital projects.
As one of the few global infrastructure firms accredited by the U.S. National Association of Energy Service Companies (NAESCO), AECOM is well-positioned to deliver cost-effective, energy-efficient improvements across NYPA's facilities. The company's expertise in clean energy program management aligns with NYPA's focus on safety, technical excellence, and conservation, supporting a just energy transition.
AECOM (NYSE: ACM) and the Portal Connectors team have been selected by the Transbay Joint Powers Authority (TJPA) to provide program management and construction management services for the Downtown Rail Extension (DTX) project, also known as the Portal, in San Francisco. This 1.3-mile rail extension will connect Caltrain and future California High-Speed Rail service to the Salesforce Transit Center, serving as a key regional rail connection with a projected 90,000 daily riders.
The project involves underground tunneling and station construction, utilizing cut-and-cover and mined tunneling methods. AECOM will be responsible for implementing an operating model to deliver various services, including obtaining FTA funding, finalizing the procurement plan in 2024, and integrating the Portal with existing rail systems. This megaproject is the second phase of the TJPA's $12 billion Transbay Program.
AECOM (NYSE:ACM) has been selected as Lead Designer for the Bronx River Parkway Bridge Replacement Project by the New York State Department of Transportation (NYSDOT). The project, supported by over $200 million from the Infrastructure Investment and Jobs Act, aims to replace two bridges built in 1951 with modern structures. AECOM will provide comprehensive design and engineering services for the replacement and widening of the bridges, incorporating a new shared-use path and a dedicated southbound exit ramp.
The new bridges will feature redundant steel girders, stainless-steel reinforced concrete decks, and concrete piers to reduce maintenance costs and enhance resilience. The project also includes stormwater drainage facilities, ADA-compliant improvements, and resurfacing of nearby roads. This initiative is expected to improve safety, resiliency, and traffic flow for tens of thousands of daily commuters.
AECOM (NYSE:ACM) reported strong third quarter fiscal 2024 results, with increased earnings guidance for the year. Highlights include:
- Revenue increased 13% to $4.2 billion
- Net service revenue up 8% to a record high
- Adjusted EBITDA margin increased 130 basis points to 16.5%
- Adjusted EPS increased by 23%
- Total backlog near all-time high with a 1.1 book-to-burn ratio in Americas segment
- Returned $407 million to shareholders fiscal year-to-date
AECOM raised its fiscal 2024 guidance, expecting adjusted EBITDA between $1,075-$1,105 million and adjusted EPS of $4.45-$4.55, representing 13% and 21% year-over-year growth, respectively. The company maintains a strong balance sheet with $1.6 billion in cash and a net leverage of 0.8x.
Comfort Systems USA, Inc. (NYSE:FIX), a leading provider of commercial, industrial, and institutional HVAC and electrical contracting services, has appointed Gaurav Kapoor to its Board of Directors. Kapoor, 46, is the Chief Financial & Operations Officer at AECOM (NYSE:ACM), bringing extensive public company finance, accounting, and executive management experience to FIX's board.
Kapoor oversees AECOM's global operations and finance, including regional operations, financial planning and analysis, reporting, shared services, internal audit, tax, treasury, and global real estate. His appointment is expected to bring fresh perspectives and best practices to Comfort Systems' board, enhancing financial oversight and strategic performance.
FAQ
What is the current stock price of Aecom (ACM)?
What is the market cap of Aecom (ACM)?
What does AECOM specialize in?
Where is AECOM headquartered?
How many employees does AECOM have?
What are some recent projects undertaken by AECOM?
What sectors does AECOM operate in?
What was AECOM’s revenue in fiscal year 2023?
How is AECOM contributing to sustainability?
What is AECOM’s role in supporting Ukraine’s hydropower infrastructure?
What recent contracts has AECOM secured?
What is AECOM’s commitment to diversity and inclusion?
