AECOM Stock Price, News & Analysis

AECOM (NYSE:ACM) announced plans to release its first quarter fiscal 2022 financial results after market close on February 7, 2022. A conference call with analysts and investors is scheduled for February 8, 2022, at 8 a.m. Eastern Time, where management will discuss financial results and strategic accomplishments. The call can be accessed via phone or through a webcast available on the company's investor relations website.

In fiscal year 2021, AECOM's Professional Services business recorded revenue of $13.3 billion.

AECOM (NYSE: ACM) has been appointed as the General Engineering Consultant for the City of Richardson, Texas, focusing on its Capital Improvement Program, which includes a $400 million bond program aimed at enhancing city infrastructure over the next five to seven years. The project will target critical repairs and improvements across various city sectors including streets, public buildings, and drainage systems. AECOM aims to leverage its global program management expertise to ensure efficiency and cost reduction while minimizing public disruption.

AECOM (NYSE: ACM) has successfully deployed its PlanEngage™ platform for the Interstate 11 Corridor project, marking a significant milestone as the first use of this technology in a U.S. transportation project. The platform enhances communication and engagement by presenting complex information in an accessible format. The completion of the Final Tier 1 Environmental Impact Statement (EIS) reflects years of study and stakeholder input. AECOM aims to improve project transparency and stakeholder engagement through this digital tool, ultimately contributing to more efficient project planning and execution.

AECOM has been selected to manage the design and construction of Cargo Terminal 2 and Amiri Flight Facilities at Hamad International Airport in Doha, Qatar. This project is part of the airport's expansion program, aiming to enhance cargo capacity and operational efficiency, with a completion timeline extending over six years. AECOM aims to facilitate the operational readiness of the cargo bridging facility before the FIFA World Cup Qatar 2022. The project reflects AECOM’s commitment to support Qatar's growing economy through improved freight operations.

AECOM (NYSE: ACM) has initiated a quarterly cash dividend of $0.15 per share, payable on January 21, 2022, to shareholders on record as of January 5, 2022. The company aims for annual double-digit increases in dividends, reflecting confidence in its financial performance and operational outlook. AECOM expects adjusted EPS of $3.20 to $3.40 and adjusted EBITDA between $880 million and $920 million for fiscal 2022. Future dividends will be subject to Board approval, in alignment with their capital allocation policy to return cash to shareholders.

AECOM (NYSE: ACM) is leading the Humber Zero project, collaborating with VPI and Phillips 66 to secure permits for carbon capture and storage in Northern England. This initiative aims to capture up to 8 million tons of CO₂ annually, aiding in the region's decarbonization efforts. The project is pivotal for maintaining industrial competitiveness and job security in the Humber region, home to 25% of the UK's refining capacity. AECOM emphasizes sustainability as part of its strategy, striving to create lasting positive impacts on local communities.

AECOM (NYSE: ACM) has secured positions on two Crown Commercial Service frameworks in the UK, enhancing its consultancy services to public sector clients. The company obtained five lots on the £1.7bn Construction Professional Services (CPS) Framework and four lots on the Management Consultancy Framework (MCF3), both lasting four years. This development supports AECOM's commitment to integrating ESG considerations into projects and expands its relationship with government clients as they adapt to post-pandemic needs and aim for net zero emissions.

AECOM (NYSE:ACM) announced the sale of its Oil & Gas maintenance and turnaround services business to Graham Construction affiliates. This divestment, considered non-core to AECOM's primary Professional Services business, will be included in discontinued operations. The transaction awaits customary closing conditions and regulatory approvals, expected to finalize in Q2 of fiscal 2022. CEO Troy Rudd highlighted the move as part of AECOM's strategy to concentrate on its higher-margin services, thanking the Oil & Gas team's contributions.