AECOM Stock Price, News & Analysis

AECOM (NYSE: ACM) has announced its schedule for releasing first quarter fiscal 2025 earnings results. The company will release its financial results after U.S. market hours on February 3, 2025. A conference call and webcast with analysts and investors will follow on February 4, 2025, at 8 a.m. Eastern Time / 7 a.m. Central Time.

During the conference call, management will discuss financial results, outlook, strategic accomplishments, and market trends. The webcast and replay will be accessible at investors.aecom.com. Participants can join the conference call directly by dialing 800-599-5188 (U.S.) or 646-307-1591 (international) with passcode 7295287.

AECOM (NYSE: ACM) and STV have formed a joint venture selected by Amtrak to manage the Sawtooth Bridges Replacement Project, a critical component of the Gateway Program. The project involves replacing three bridges along a 1.9-mile corridor in Kearny, N.J., between Newark Penn Station and Secaucus Junction. The existing bridges, built in 1907, currently support over 400 daily trains but limit speeds to 60 mph due to structural deficiencies.

The joint venture will oversee design coordination and manage interactions with railroads, utilities, and third parties using a multi-phased alternative delivery approach. The project aims to improve rail connectivity and double passenger train capacity on the Northeast Corridor's most congested section. This initiative is part of several federally funded megaprojects along the Northeast Corridor where AECOM is involved.

AECOM (NYSE: ACM) has announced significant success in securing UK Water sector contracts for Asset Management Period 8 (AMP8). The company maintained a 100% win rate on recompete contracts, with framework values more than doubling compared to AMP7. The AMP8 regulatory framework, running from 2025 to 2030, encompasses approximately £104 billion, representing a 77% increase from AMP7.

Recent victories include major professional service frameworks for Thames Water and Southern Water, including support for Southern Water's $4.8 billion capital delivery program. The AMP8 program will focus on reliability, sustainability, and digitalization improvements for water infrastructure in England and Wales. AECOM, ranked as the No. 1 Water design firm by Engineering News-Record, achieved maximum quality scores in tender submissions.

AECOM (NYSE: ACM) has been selected as the delivery partner for Austin Transit Partnership's Phase 1 light rail transit system project. The company will provide program management oversight, environmental services, design management, rail activation, and operational readiness for Austin's first light rail system. The project encompasses approximately 10 miles with 15 stations, connecting key locations including Lady Bird Lake, downtown Austin, and the University of Texas at Austin.

As delivery partner, AECOM will lead a technical team including Disadvantaged Business Enterprise (DBE) firms to promote socially and economically disadvantaged individuals' participation. The project is part of the broader Austin Strategic Mobility Plan, with future expansions planned to extend north to major hubs and south to Austin's airport.

AECOM (NYSE: ACM) has been appointed by Thames Water to a new £400 million professional services framework in the UK. The FA1980 framework combines multiple existing professional services frameworks and will run for five years, with a possible three-year extension. AECOM has secured positions on four lots, leading three as primary consultant with Arcadis and GHD as subconsultants, and serving as subconsultant on the fourth lot.

The framework supports Thames Water's 2025-2030 business plan for AMP8 regulatory period, focusing on improving water and wastewater services, infrastructure upgrades, leakage prevention, and environmental enhancement. The framework covers multi-disciplinary services, infrastructure engineering, environmental services, and non-infrastructure engineering services. Currently, AECOM has 20 staff members seconded to Thames Water under the previous FA1300 framework.

AECOM and Jacobs Consultancy Canada's joint venture has been selected by Metro Vancouver for preliminary engineering services on the Iona Island Wastewater Treatment Plant upgrade. The plant, built in 1963, serves 750,000 residents and processes 200 billion liters of wastewater annually. The upgrade aims to meet regulatory requirements, improve water quality, support carbon neutrality objectives, and enhance climate resilience. The joint venture will provide design and project planning oversight, focusing on sustainable improvements while minimizing environmental impact and enhancing operational efficiency.

AECOM announced key updates to its capital allocation strategy, including a $1 billion increase in share repurchase authorization and an 18% increase in quarterly dividend to $0.26 per share. The company has returned $2.5 billion to shareholders since 2020, with $2.2 billion in stock buybacks reducing shares outstanding by 21%. AECOM has delivered a 20% average annual increase in dividend over the last three years. The next dividend payment is scheduled for January 17, 2025, to stockholders of record on January 2, 2025.

AECOM (NYSE:ACM) reported strong Q4 and full year fiscal 2024 results, exceeding previously increased guidance. Q4 revenue grew 7% to $4.1B, with net income up 396% to $168M. Full-year revenue increased 12% to $16.1B, with net income rising 343% to $506M. The company achieved record margins with adjusted EBITDA margin at 16.7% in Q4 and 16.0% for the full year.

Total backlog reached a new record with a 3% increase, while design backlog grew 5%. Free cash flow hit a record $708M, up 20% YoY. For fiscal 2025, AECOM expects organic NSR growth of 5-8% and adjusted EPS of $5.00-$5.20. The company increased its share repurchase authorization to $1B and quarterly dividend by 18%.

AECOM has been awarded a $90 million single-award task order by USAID to support the G7 Partnership for Global Infrastructure and Investment (PGI). The company will provide technical expertise for infrastructure development in rail, port, clean energy, digital technology, and food security projects worldwide. The PGI initiative, launched at the G7 Summit in 2022, aims to facilitate sustainable infrastructure investments in developing nations. AECOM will offer technical advisory services and support private investment facilitation. The U.S. has already mobilized over $60 billion towards PGI investments and aims to reach $200 billion by 2027, contributing to the G7's $600 billion target.