AECOM Stock Price, News & Analysis

AECOM (NYSE:ACM) has announced an expansion of its Digital AECOM offering to assist U.S. clients in navigating funding opportunities provided by the Infrastructure Investment and Jobs Act (IIJA) and the federal Justice40 Initiative. The solution integrates artificial intelligence, geospatial analytics, and grant application services to optimize capital planning and enhance project outcomes. AECOM aims to empower clients to effectively compete for discretionary funds under the new bipartisan infrastructure law.

AECOM (NYSE: ACM) will report its Q2 fiscal year 2022 earnings before the market opens on May 9, 2022. A conference call with analysts and investors is scheduled for 10 a.m. Eastern Time the same day, where management will discuss financial results, strategic accomplishments, and market trends. The webcast and a replay will be available at investors.aecom.com. In fiscal year 2021, AECOM generated $13.3 billion in revenue, emphasizing its role as a leading infrastructure consulting firm.

AECOM (NYSE: ACM) has been appointed as the Lead Engineering Firm for the Southeast Connector project by the Texas Department of Transportation. The project, valued at nearly $1.6 billion, aims to enhance mobility and safety in the Fort Worth area through the construction of over 16 miles of non-tolled freeways. The joint venture team, including Kiewit Engineering Group, will utilize advanced project management technology to optimize efficiency and ensure safety standards are met, addressing current and future travel demands effectively.

AECOM (NYSE: ACM) has been selected by the Texas Department of Transportation to provide engineering services for the Maritime Division. This role involves enhancing the efficiency of Texas ports, including Port Houston, the largest U.S. port by waterborne tonnage. AECOM will manage planning, economic analysis, and technical reporting. This partnership extends efforts started in 2016 to support Texas' port infrastructure, crucial for intermodal freight movement and economic growth.

AECOM (NYSE: ACM) has formed a joint venture, Airfield Management Partners, with H.J. Russell & Company to provide civil airside program and construction management services for Dallas Fort Worth International Airport (DFW). This partnership aims to support DFW's Civil Airside Master Plan, building on a history of nearly $1 billion in improvements over the past six years. The joint venture will handle various project phases, including planning, design, and construction management, ensuring minimal impact on airport operations while enhancing infrastructure.

AECOM (NYSE: ACM) has announced its immediate exit from operations in Russia, citing the adverse business environment created by Russia's actions in Ukraine. The company's CEO emphasized support for Ukraine and the safety of their teams. Although the Russian market's financial contributions are minimal, AECOM expects a one-time pre-tax expense of $40 million to $50 million in Q2, with an expected cash impact of around $10 million. The company reiterated its fiscal 2022 guidance and long-term targets for fiscal 2024, indicating resilience in its overall financial strategy.

AECOM (NYSE: ACM) has declared a quarterly cash dividend of $0.15 per share, slated for payment on April 22, 2022. This dividend is part of the company’s ongoing commitment to returning value to its shareholders. Stockholders must be on record by the close of business on April 6, 2022 to qualify for the dividend. AECOM, a Fortune 500 firm, reported $13.3 billion in revenue for its Professional Services business in fiscal year 2021, highlighting its robust infrastructure consulting capabilities.

AECOM (NYSE: ACM) has secured a sole-source indefinite delivery, indefinite quantity (IDIQ) contract with the United States Air Force Academy (USAFA) to provide master planning, architecture, and engineering services. This collaboration focuses on sustainable practices and infrastructure improvements at USAFA, leveraging AECOM's extensive experience in higher education and facility design. AECOM aims to create a comprehensive master plan that includes community engagement, environmental services, and innovative design, enhancing USAFA's mission and legacy.