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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) 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.
AECOM (NYSE:ACM), a leading infrastructure consulting firm, has announced its plans for releasing third quarter fiscal 2024 earnings results. The company will issue its financial report after the U.S. market closes on August 5, 2024. Following this, AECOM will host a conference call and webcast on August 6, 2024, at 8 a.m. Eastern Time to discuss the results with analysts and investors. During this call, management will present financial results, outlook, strategic accomplishments, and market trends. The webcast and replay will be available at https://investors.aecom.com, while the conference call can be accessed directly by phone.
AECOM (NYSE:ACM) has been selected as the Lead Designer for the Washington State Department of Transportation's (WSDOT) SR 520 Portage Bay Bridge and Roanoke Lid Project. Partnering with Skanska, AECOM will replace the existing Portage Bay Bridge in Seattle's North Capitol Hill neighborhood, enhancing seismic resilience, transit connectivity, and local mobility. The project includes constructing two new parallel bridges for eastbound and westbound traffic and creating a three-acre landscaped lid over SR 520, which will provide recreational open space and reconnect severed communities. This project aims to improve travel safety and mobility across Lake Washington and the SR 520 corridor.
AECOM (NYSE: ACM) has been appointed to Southern Water's Professional Services Framework, providing asset management, program, and project management services for the UK water utility's AMP8 regulatory period from 2025-2030. Under the framework, AECOM will focus on water resilience, wastewater treatment, customer service, and environmental protection. The contract includes asset management, advisory services, PMO, and technical services. AECOM will collaborate with partners Arcadis and AliumBlue to deliver these services. This appointment supports Southern Water's largest business plan to date, aiming to improve efficiency and mitigate supply chain risks.
AECOM (NYSE: ACM), a leading infrastructure consulting firm, has partnered with Ukrhydroenergo to aid in the restoration and reconstruction of Ukraine's hydropower infrastructure. The agreement, formalized during the 2024 Ukraine Recovery Conference in Berlin, aims to restore Ukraine's critical hydropower assets and systems, essential for the nation's energy supply. AECOM brings decades of experience in hydropower projects, having realized over 140,000 MW globally. The collaboration will leverage AECOM's expertise in energy advisory and disaster recovery to support Ukraine's energy resilience. This partnership builds on AECOM's previous advisory roles for Ukraine's recovery, including work for the Ministry for Communities, Territories, and Infrastructure Development and Kyiv Boryspil International Airport.
AECOM, a leading infrastructure consulting firm, announced that a joint venture led by them with Akima Support Operations has been selected by the Naval Facilities Engineering Systems Command (NAVFAC) Pacific to provide facility support services under the Global Contingency Services Multiple Award Contract (GCSMAC).
This is AECOM’s third consecutive GCSMAC award, marking 13 years of continued support for NAVFAC facilities worldwide. The contract includes services for natural disasters, humanitarian efforts, and Navy operations, along with maintenance, modernization, environmental, and engineering services.
AECOM has a longstanding relationship with the U.S. Navy, having provided $1.5 billion in services over the past decade. The company aims to leverage its global expertise and rapid deployment capabilities to meet the Navy's needs.
AECOM, a leading infrastructure consulting firm, announced that its Board of Directors has declared a quarterly cash dividend of $0.22 per share.
The dividend will be payable on July 19, 2024, to stockholders of record as of July 3, 2024.
This announcement is part of AECOM's ongoing quarterly dividend program.
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