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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 successfully completed the sale of its Civil construction business to Oroco Capital, marking a pivotal moment in its strategy to transform its business profile. This follows the earlier sale of its Power construction business. Since November 2020, AECOM has repurchased nearly $150 million worth of shares, totaling over $600 million since September 2020, reducing diluted shares outstanding by about 8%. The company retains approximately $850 million in repurchase capacity under its $1 billion authorization.
AECOM (NYSE:ACM) announced that its joint venture, Perfect Circle, secured two consultancy lots under the SCAPE framework in the UK, valued at nearly $800 million. This framework enables public sector organizations to expedite project delivery while ensuring compliance. AECOM has previously secured over $350 million in fees through the previous SCAPE framework and expects ongoing project awards. Despite pandemic challenges, the joint venture reported record fee earnings and 89 new commissions recently. The aim is to enhance social, economic, and environmental benefits across UK communities.
AECOM (NYSE: ACM) has been awarded a contract worth over $41 million to enhance the Joint Water Pollution Control Plant in Carson, California. This project will implement Energy Savings Performance Contract upgrades, expected to yield more than $1.3 million in annual savings in energy, water, and maintenance costs, alongside over $8 million in avoided capital expenditures. The upgrade involves replacing outdated oxygen production systems with more efficient technology, enhancing the facility's operational efficiency while serving over five million residents in Los Angeles County.
AECOM (NYSE: ACM) has partnered with Bergen County Utilities Authority and Columbia University to monitor COVID-19 RNA in wastewater. This innovative approach aims to provide early indications of infection rates, with over 650 samples tested since the project's launch last spring. The wastewater monitoring offers a 7-10 day lead on reported COVID-19 cases, assisting public health officials in tracking trends and making informed decisions. The program will expand, further enhancing community health data collection.
AECOM (NYSE:ACM) has signed a definitive agreement to sell its Civil construction business, including Shimmick Construction, to Oroco Capital affiliates. This move, expected to close in January 2021, aligns with AECOM's strategy to focus on higher-margin, lower-risk Professional Services following the recent sale of its Power construction business. CEO Troy Rudd expressed optimism about the company's future under the 'Think and Act Globally' strategy, emphasizing the importance of digital delivery and growth in Professional Services, which generated $13.2 billion in revenue in fiscal year 2020.
AECOM (NYSE: ACM) announced significant changes to its Board of Directors, including the nominations of Diane C. Creel and Sander van’t Noordende as new independent directors, with onboarding beginning immediately. Lydia H. Kennard's appointment is effective December 14, 2020. Dr. Robert J. Routs and Steven Kandarian will not seek re-election at the upcoming 2021 Annual Meeting. Following these adjustments, seven of the eleven board members will have been appointed within the last year, enhancing the board's expertise to support AECOM's strategic goals and improve stakeholder value.
AECOM (NYSE: ACM) has been selected for the civil engineering design of Sydney's $2.6 billion Gateway Road Project. This project includes a 5-kilometer toll-free road that connects the St Peters Interchange to Sydney airport, reducing local truck traffic by up to 10,000 vehicles daily. The project also enhances pedestrian and cyclist access with new pathways. Alongside this, AECOM has secured design roles for additional upgrades in Western Sydney, emphasizing their commitment to infrastructure development in the region.
AECOM (NYSE: ACM) has been awarded a $25-million design contract by the U.S. Army Corps of Engineers for the renovation of Sijan Hall at the U.S. Air Force Academy. This project marks the first modernization since Sijan Hall's construction in 1968. The renovation will focus on reconfiguring residential, academic, and social spaces while incorporating energy-efficient technologies. AECOM's previous work at the Academy includes various significant projects, underscoring their expertise in this domain.
AECOM (NYSE:ACM) has unveiled its new strategy, Think and Act Globally, aimed at elevating excellence in the Professional Services sector. The strategy involves integrating global expertise, enhancing ESG leadership, and optimizing operations through technology. AECOM also announced a significant increase in its stock repurchase program, raising the authorization from $305 million to $1 billion, demonstrating its commitment to shareholder value. Additionally, the company expanded its Executive Leadership Team with three new appointments, signaling confidence in its plans for future growth.
AECOM (NYSE: ACM) announced its fourth quarter and full year fiscal 2020 results, reporting revenue of $3.57 billion, a 2% increase, and net income of $170 million, down 19%. Adjusted EPS was $2.15, reflecting a 20% decline year-over-year. Notable achievements included a 14% growth in adjusted EBITDA to $746 million, exceeding guidance. The company expects 9% adjusted EBITDA growth and 23% adjusted EPS growth for fiscal 2021. AECOM's backlog increased by 13% to $41.17 billion, with a focus on enhancing margins and returning cash to shareholders through stock repurchases.
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