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) has been selected by Fair Park First to provide program management services for capital improvements at Fair Park in Dallas, Texas. This 277-acre cultural and entertainment complex will see enhancements aimed at preserving historical venues while modernizing facilities and infrastructure. AECOM aims to create lasting social value by collaborating with minority- and women-owned enterprises. Key projects include the Community Park Complex, featuring an 18-acre greenspace and a 1,650-space parking structure. AECOM's efforts align with a broader revitalization campaign to restore Fair Park as a key community destination.
AECOM (NYSE: ACM) has secured a contract with the Naval Facilities Engineering Systems Command (NAVFAC) for the CLEAN Program, valued at
AECOM (NYSE: ACM) announced that CEO Troy Rudd will participate in a fireside chat at Citi’s 2023 Global Industrial Tech and Mobility Conference on February 21 at 9:40 a.m. ET. The discussion will cover AECOM's strategic and financial initiatives aimed at enhancing competitive advantage and long-term shareholder value. A webcast of the session will be available online at AECOM's investor website.
AECOM is a leading infrastructure consulting firm with a revenue of $13.1 billion in fiscal year 2022, providing a wide range of services throughout the project lifecycle.
AECOM (NYSE:ACM) reported its first quarter fiscal 2023 results, showing a 4% increase in revenue to $3.4 billion but a 10% decline in operating income to $152 million. Net income fell 26% to $88 million, with diluted EPS decreasing 23% to $0.62. Despite these declines, organic net service revenue (NSR) growth accelerated to 8%, driven by a 9% increase in the design business and a record design backlog, up 9%. AECOM reiterated its financial guidance, targeting an adjusted EPS between $3.55 and $3.75 for fiscal 2023, and expects free cash flow between $475 million and $675 million.
AECOM (NYSE:ACM) announced it will release its first quarter fiscal 2023 earnings results on February 6, 2023, after market close. A conference call and webcast will occur on February 7, 2023, at 12 p.m. ET, where management will discuss financial results, strategic accomplishments, and market trends. The press release and presentation slides will be accessible on the company’s website on that day. AECOM reported $13.1 billion in revenue for its Professional Services business in fiscal 2022, highlighting its role as a leading infrastructure consulting firm.
AECOM (NYSE: ACM) declared a quarterly cash dividend of $0.18 per share, reflecting a 20% increase from the prior dividend of $0.15. This dividend is payable on January 20, 2023, to stockholders of record as of January 4, 2023. CEO Troy Rudd emphasized the company's commitment to returning cash flow to stockholders, highlighting nearly $500 million returned through share repurchases and dividends in fiscal 2022, supported by a strong balance sheet and growth strategy.
AECOM (NYSE: ACM) announced its role in the Ontario Transit Group to provide design services for the Ontario Line Southern Civil, Stations, and Tunnel project. This 15.6-kilometer transit line will enhance connectivity in Toronto and is part of Canada's largest public transit investment. The project includes ground works, utility systems, and station construction. AECOM aims to deliver sustainable, high-quality solutions, contributing to the revitalization of transit access for thousands of residents.
AECOM (NYSE: ACM) has been selected to manage the Strategic Undergrounding Program for San Diego Gas & Electric (SDG&E), aiming to enhance electric safety and reliability by burying power lines to mitigate wildfire risks. This initiative underscores AECOM's commitment to sustainable solutions and improving community resilience against climate impacts. The partnership is expected to facilitate the undergrounding of hundreds of miles of overhead electric lines over the next decade, emphasizing innovative strategies in project management.
AECOM (NYSE:ACM) reported robust fourth quarter and full year fiscal 2022 results with key metrics indicating strong performance. Fourth quarter organic NSR growth in the design segment reached a ten-year high, while total revenue increased 2% to $3.4 billion. Net income rose 21% to $115 million, and EPS increased 26% to $0.82. The company anticipates organic NSR growth of approximately 8% and adjusted EPS between $3.55 and $3.75 for fiscal 2023. With an 8% year-over-year increase in design backlog and improved operational profitability, AECOM's long-term outlook remains positive.
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