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 Regional Municipality of Peel to provide design and engineering services for the expansion of the Clarkson Water Resource Recovery Facility (WRRF) in Ontario's Peel Region. This will be the third major expansion, aiming to increase the facility's capacity to 500 MLD by 2029. The project includes a new standby power energy center and enhanced biological phosphorus removal, aligning with Peel Region's goal for net-zero greenhouse gas emissions by 2050. AECOM's extensive experience in complex wastewater projects and prior work on the WRRF will be pivotal. Other ongoing AECOM projects in Peel Region include the Clarkson Cogeneration Expansion and multiple drinking water treatment initiatives.
AECOM (NYSE: ACM) has been chosen by TxDOT to oversee the construction of drainage tunnels for the $4.5 billion Capital Express Central project in Austin, Texas. The project aims to improve safety, relieve flooding, and enhance transportation along the important I-35 corridor. AECOM will utilize its tunneling expertise and innovative technology to deliver this essential infrastructure component.
AECOM, in a joint venture with Stantec, secured a five-year environmental planning contract from NAVFAC Pacific worth $99 million. They will provide environmental planning services for the Navy and Marine Corps in the Pacific Region to ensure compliance with NEPA. The JV will research, prepare, update, and review documents, including environmental, facilities, and land use planning studies. The contract emphasizes supplier diversity and includes skilled specialty subcontractors.
AECOM, in partnership with Arup, has been appointed as a design and consenting service partner for the UK National Grid's Great Grid Upgrade. The project aims to connect clean energy to homes and businesses in England and Wales by 2030, part of a £9bn supply chain framework. AECOM's expertise in grid design will help meet the demand for grid improvements and support the transition to net zero, providing cheaper energy and less reliance on fossil fuels.
AECOM reported strong second quarter fiscal 2024 results with revenue increasing 13% to $3.9 billion, operating income up 2% to $200 million, net income down 6% to $111 million, and diluted earnings per share down 4% to $0.81. Backlog reached an all-time high, and the Company raised its fiscal 2024 adjusted EBITDA guidance to between $1,070 million and $1,105 million. Operating cash flow was $94 million, free cash flow $74 million, and $145 million was returned to shareholders in the first half of the year. AECOM remains optimistic about the future based on strong financial 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?
