AECOM Stock Price, News & Analysis

AECOM (NYSE: ACM) has secured positions on over 30 Lots of the Transport for London Engineering Consultancy Framework, including Multidisciplinary Engineering Services and Multidisciplinary Rail Engineering Services. This four-year framework will enable AECOM to provide engineering consultancy services to TfL and various London authorities. AECOM has a longstanding partnership with TfL, having contributed to major projects like Crossrail and Bakerloo Line Extension. The new framework is set to enhance service offerings in London infrastructure improvements.

AECOM (NYSE:ACM) has launched Digital AECOM, combining global digital consulting services and hosted products to assist clients in their digital transformations. With over 2,000 digital practitioners, this initiative aims to enhance project outcomes and support ESG goals. Key offerings include Digital Consulting Services and innovative software solutions like PlanEngage™ and PlanSpend™ to streamline project management. This initiative reinforces AECOM's commitment to sustainability and delivering integrated advisory capabilities.

AECOM (NYSE:ACM) reported strong fourth quarter and full year fiscal 2021 results, showcasing a 161% increase in operating income to $170 million and a net income rise to $95 million. Adjusted EPS reached $0.81, marking a 35% increase. For fiscal 2022, AECOM forecasts adjusted EPS between $3.20 and $3.40, reflecting a 17% year-over-year growth. The company raised its fiscal 2024 adjusted EPS target to $4.75+, indicating a projected 19% CAGR. Despite a 6% revenue drop in Q4 to $3.4 billion, adjusted NSR grew 6% during the same period, reinforcing AECOM's strong growth momentum.

AECOM (NYSE: ACM) has been awarded a contract to manage the development of the seventh runway at Denver International Airport (DEN). The firm will oversee environmental assessments and preliminary design as part of this project. AECOM's collaboration with local businesses and regulatory agencies emphasizes a commitment to sustainability and effective project delivery. With a history of supporting DEN for over 25 years, AECOM aims to enhance the airport's operations amidst increasing air traffic, aligning with the airport's original master plan.

AECOM (NYSE: ACM) has signed a strategic partnership with the Royal Commission for AlUla to accelerate the $15-billion Phase 1 development in AlUla, Saudi Arabia, focusing on infrastructure, hospitality, and social development. This agreement marks a significant step from planning to implementation, set for completion by 2035. AECOM will enhance local community opportunities, having already trained 400 residents. This contract's value will be included in AECOM's reported backlog in Q1 fiscal 2022, aligning with its commitment to sustainable development.

AECOM (NYSE: ACM) has partnered with Cavnue to create a Connected and Automated Vehicle (CAV) Corridor in Southeast Michigan. The collaboration includes engineering planning and design services for CAV lanes, expanding to other areas across North America. The project aligns with AECOM's Sustainable Legacies strategy, focusing on enhancing social outcomes while reducing carbon impact. Cavnue aims to simplify the driving environment for autonomous vehicles using integrated technology. The Michigan Department of Transportation is also involved to leverage insights for roadway management.

AECOM (NYSE: ACM) has secured its third consecutive IDIQ contract with the USAID, valued at a shared program ceiling of $800 million. This five-year partnership allows AECOM to provide vital architecture and engineering services, enhancing USAID's capabilities in addressing global infrastructure and humanitarian needs. The services cover various sectors including water resources, environmental concerns, transportation, and healthcare. AECOM has a longstanding relationship with USAID, contributing to projects in over 80 countries.

AECOM (NYSE: ACM) has been appointed as the general engineering consultant for the METRORapid University Line project, the longest contiguous Bus Rapid Transit (BRT) system in the U.S., spanning 25 miles. This project will connect major destinations and universities in Houston, enhancing transit access.

AECOM will oversee project management and engineering services, collaborating with METRO to improve service reliability and customer experiences, while also supporting local businesses and universities.

AECOM (NYSE:ACM) plans to hold a conference call on November 15, 2021, at noon Eastern Time, to discuss its fourth quarter and full year fiscal 2021 financial results, along with strategic accomplishments and market trends. The live webcast will be accessible via the company's investor relations website, where a replay will also be available. Interested parties can join the call by dialing 844-200-6205 in the U.S. or 929-526-1599 internationally while entering the passcode 273131.