AECOM Stock Price, News & Analysis

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.

AECOM (NYSE: ACM) has been selected for program management support of the California High-Speed Rail Authority's groundbreaking electrified high-speed rail project. This initiative aims to connect major California cities, with trains exceeding 200 miles per hour. The program is expected to enhance mobility, create economic benefits, and address environmental concerns. Currently under construction, it has already generated over 9,000 jobs and aims to connect Los Angeles and the San Francisco Bay Area in under three hours.

AECOM (NYSE: ACM) has partnered with STV Incorporated through the South Jersey Transit Partners joint venture to provide engineering and project management for the Glassboro-Camden Line (GCL) Light Rail project in New Jersey. This 18-mile corridor aims to enhance regional mobility, reduce highway congestion, and connect communities. The project will implement advanced clean light rail technology and includes 14 station stops to improve access to various resources. AECOM's strategy focuses on delivering a cost-effective solution while minimizing environmental impacts.

AECOM (NYSE: ACM) has been named the Preferred Proponent for the North Package of the North East Link Program (NELP) in Victoria, Australia, the state's largest road project. Partnering with Acciona and MACA Civil, AECOM will provide engineering, design, and advisory services. The project aims to enhance traffic flow for over 135,000 vehicles daily and remove 15,000 trucks from residential roads. The North Package includes significant construction and infrastructure upgrades to improve connectivity in Melbourne's northeast.

AECOM (NYSE: ACM) is set to release its fourth quarter and full year fiscal 2022 earnings before the U.S. market opens on November 14, 2022. A conference call and webcast will follow at noon Eastern Time, covering financial results, outlook, strategic achievements, and market trends. The presentation will be available online, with details on their investor relations website. AECOM reported a revenue of $13.3 billion in fiscal year 2021, emphasizing its role in delivering professional services in infrastructure consulting.

AECOM (NYSE: ACM) has secured a contract with the Toronto Transit Commission (TTC) as the owner’s engineer for the Bloor-Yonge Capacity Improvements (BYCI) project. This initiative aims to modernize and expand one of the busiest transit hubs in North America, enhancing ridership capacity and accessibility. AECOM will deliver consulting services across all project phases, leveraging lean project delivery and digital solutions. The project addresses growing service demand due to population growth and transit expansion efforts in Toronto.