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.
AECOM (NYSE: ACM) has announced the next phase of its Sustainable Legacies ESG strategy, launched a year ago, which aims to advance sustainability initiatives globally. Key updates include more ambitious net-zero carbon emission targets, operational net-zero achievement for Scopes 1 and 2 for fiscal 2021, and enhanced governance frameworks. The strategy focuses on sustainable development, improving social outcomes, equity, and diversity. AECOM aims for a 60% reduction in Scope 1 and 2 emissions by 2030 and net-zero by 2040, marking a proactive stance in the ESG space.
AECOM (NYSE: ACM) has been awarded a significant contract by NJ TRANSIT for engineering services related to its Bus Garage Modernization Program. This initiative aims to facilitate the transition to a zero-emissions bus fleet by upgrading the Hilton Garage in Maplewood and assessing 16 statewide bus garages. AECOM will provide essential engineering and construction assistance, focusing on electrification upgrades such as solar systems and charging equipment.
AECOM (NYSE: ACM) has formed a joint venture with EnSafe to tackle environmental challenges through a new contract awarded by the Naval Facilities Engineering Systems Command (NAVFAC). The IDIQ contract has a ceiling of $400 million and focuses on delivering architecture and engineering services as part of the Comprehensive Long-Term Environmental Action Navy (CLEAN) program. This initiative will address critical issues, including PFAS contamination and compliance with major environmental laws.
AECOM reported its second quarter fiscal 2022 results, achieving a fifth consecutive quarter of net service revenue (NSR) growth. Revenue declined 2% to $3.2 billion, with operating income down 29% to $111 million. The total backlog reached $40.8 billion, marking a strong book-to-burn ratio of 1.6. Cash flow was robust, with nearly $300 million returned to shareholders through dividends and stock repurchases. Adjusted EPS increased by 24% to $0.83. AECOM reiterated its fiscal 2022 guidance and long-term fiscal 2024 targets for continued growth.
AECOM (NYSE: ACM) has been reappointed by the City of Austin’s Transportation Department as its engineering consultant, continuing its role since 2018. The firm will assist in enhancing Austin's transportation network, focusing on accessibility, safety, and efficiency. AECOM aims to support ATD's objectives such as managing congestion and improving infrastructure. The company's services will encompass engineering studies, traffic safety engineering, and public outreach, aligning with the city’s strategic transportation plans.
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.