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 reports developments as a global infrastructure professional services firm serving water, environment, energy, transportation and buildings markets. Its updates commonly cover public- and private-sector contract awards for advisory, planning, design, engineering, environmental services, program management and construction management work.
Company news also includes federal, municipal, education, transit and energy infrastructure assignments, including environmental remediation, defense infrastructure, school capital programs, wastewater systems, rail and bus network expansion, and fusion energy project support. Recurring corporate releases address quarterly earnings timing and results, financial outlook commentary, and the company’s quarterly dividend program.
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AECOM (NYSE: ACM) has partnered with Brown and Caldwell to manage the Pure Water Southern California program, aimed at providing climate-resilient water supplies for up to 15 million people. This initiative seeks to purify treated wastewater, producing 150 million gallons of water daily, enough for 500,000 homes by 2028. The project involves constructing advanced purification facilities and pipelines, supported by 20 local firms. AECOM aims to deliver significant social, economic, and environmental benefits amidst ongoing water supply challenges in Southern California, leveraging its Sustainable Legacies strategy to enhance water resilience and reduce reliance on imported water. The project is one of the largest in the world for water reuse.
AECOM (NYSE:ACM) plans to announce its fiscal Q2 2023 financial results on May 8, 2023, after market close. A conference call will follow on May 9, 2023, at 8 a.m. Eastern Time, where management will discuss the financial results along with strategic accomplishments and market trends. Interested parties can access the live webcast and replay at AECOM Investors, with additional financial data provided in the press release and presentation slides available on the same day. The conference call can be joined by dialing 833-470-1428 (U.S.) or 929-526-1599 (international), using passcode 470783.
AECOM (NYSE: ACM) has secured a multi-year contract for project management consultancy services for the NEOM International Airport (NIA) in northwestern Saudi Arabia. This contract encompasses masterplanning, design, construction, testing, commissioning, and operational readiness. Lara Poloni, AECOM's president, expressed enthusiasm about contributing to the transformative NEOM project aimed at enhancing global connectivity. CEO Hamed Zaghw emphasized this contract's significance in affirming AECOM's leadership in the region and its alignment with Saudi Arabia’s Vision 2030. AECOM reported $13.1 billion in revenue for fiscal year 2022.
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AECOM (NYSE: ACM) has declared a quarterly cash dividend of $0.18 per share, demonstrating its commitment to returning value to shareholders. This dividend will be paid on April 21, 2023, to stockholders of record as of the close of business on April 5, 2023. AECOM, a Fortune 500 firm, reported a revenue of $13.1 billion in fiscal year 2022, underscoring its robust position in the infrastructure consulting sector. The company's focus on delivering sustainable solutions and its diverse expertise are pivotal in addressing complex challenges for both public and private clients.
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 $239 million. This indefinite-delivery, indefinite-quantity (IDIQ) contract will see AECOM provide critical architecture and engineering services focusing on environmental restoration in the Pacific Region. Services include assessments related to PFAS, water quality, and hazardous substances. The contract highlights AECOM's commitment to addressing pressing environmental issues while leveraging its extensive experience and expertise in the sector.
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.