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 (ACM) is a global leader delivering professional services across the infrastructure lifecycle. This news hub provides investors and industry professionals with verified updates on strategic developments, financial performance, and operational milestones.
Access timely announcements including quarterly earnings reports, major contract awards, sustainability initiatives, and leadership updates. Our curated collection features official press releases alongside third-party analysis of AECOM's transportation, water, and energy projects worldwide.
Key updates cover project financing milestones, public-private partnerships, and technological innovations in engineering design. Monitor ACM's global market position through coverage of international expansions and regulatory developments impacting infrastructure sectors.
Bookmark this page for centralized access to critical updates affecting AECOM's stock performance and competitive standing. Check regularly for new developments in sustainable infrastructure solutions and complex project management achievements.
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.
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.
