AECOM Stock Price, News & Analysis

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.

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.