AECOM Stock Price, News & Analysis

AECOM (NYSE: ACM) has been selected as part of a preferred consortium for the Melbourne Airport Rail project, enhancing connectivity in Victoria, Australia. This consortium, known as the Sunshine Systems Alliance, includes major firms like KBR and Alstom. Key enhancements will include a new pedestrian concourse at Sunshine Station and significant rail system upgrades. The project aims to offer a 30-minute journey between central Melbourne and the airport, expected to generate substantial economic benefits for the community.

AECOM (NYSE: ACM) has secured a contract from the Greater Orlando Aviation Authority to provide ongoing program and project management services. This collaboration continues a long-standing partnership aimed at enhancing airport services, economic development, and safety. AECOM's scope includes comprehensive management services such as scheduling, budget review, and risk management. The company boasts 25 years of experience with GOAA, supporting infrastructure projects at Orlando International Airport, which saw over 50 million passengers in 2019.

AECOM (NYSE: ACM) has appointed Dawn MacDonald as its Global Offshore Wind Market Sector Lead. In her new role, she will enhance AECOM's offshore wind capabilities, aligning with the firm's Sustainable Legacies strategy. MacDonald, an industry veteran with over 20 years of experience in offshore wind, aims to help clients accelerate renewable energy projects while minimizing risks. AECOM anticipates growth in the global offshore wind sector due to government commitments and technological advancements, positioning the firm to leverage its strong environmental and port infrastructure expertise.

AECOM (NYSE: ACM) has launched PipeInsights, a digital platform aimed at enhancing sewer system maintenance and rehabilitation. Utilizing advanced machine learning, the platform automates defect detection from CCTV inspections and provides optimal maintenance recommendations. This innovation allows clients to conduct inspections more efficiently, enabling a deeper understanding of sewer system health through a user-friendly GIS interface. AECOM's commitment to leveraging technology is expected to improve project outcomes and client satisfaction in addressing critical water infrastructure challenges.

AECOM (NYSE: ACM) has appointed Kristy Pipes to its Board of Directors, effective October 1, 2022. Ms. Pipes brings extensive financial and management experience, previously serving as Managing Director and CFO at Deloitte Consulting. She currently holds directorships at Public Storage (NYSE: PSA) and ExlService Holdings (NASDAQ: EXLS). Douglas Stotlar, AECOM’s chairman, highlighted her expertise in professional services as a key asset in advancing the company's strategy focused on infrastructure and sustainability.

AECOM (NYSE: ACM) has announced a quarterly cash dividend of $0.15 per share, reflecting its commitment to returning value to shareholders. The dividend will be paid on October 21, 2022, to stockholders recorded on October 5, 2022. This initiative is part of AECOM's ongoing quarterly dividend program, which underscores its confidence in financial stability and growth. The company reported $13.3 billion in revenue for its Professional Services business in fiscal year 2021, indicating solid operational performance.

Vontier Corporation announced the appointment of Anshooman Aga as Chief Financial Officer effective August 29, 2022. Mr. Aga succeeds David Naemura, who will assist in the transition until year-end. With over 20 years of finance experience, Aga has a strong background in growth and transformation across industrial sectors. He previously served as CFO at Harsco Corporation and Cubic Corporation. Vontier, a global technology leader in mobility solutions, expects Aga's expertise to enhance its financial performance and strategic growth initiatives.

AECOM (NYSE:ACM) reported third quarter fiscal 2022 results with notable highlights. Revenue decreased by 5% to $3.2 billion, while net service revenue (NSR) grew by 6% to $1.6 billion. Operating income rose 14% to $183 million, with net income up 282% to $107 million. Diluted EPS surged 295% to $0.75. AECOM's total backlog reached $41.1 billion, marking a 10% increase in design backlog. The company increased its fiscal 2022 adjusted EPS guidance to between $3.35 and $3.50, reflecting strong operational performance and client demand.

AECOM (NYSE:ACM) will release its third quarter fiscal 2022 financial results on August 8, 2022, post-market close. A conference call and webcast for analysts and investors will follow on August 9, 2022, at 8 a.m. Eastern Time. The presentation will cover Q3 results, strategic accomplishments, and market trends. Interested parties can access the live webcast at AECOM Investors or join the call at 844-200-6205 (U.S.) and 929-526-1599 (international) with passcode 724161.