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 been awarded a program management contract by Orange County Public Schools (OCPS) in Florida. The five-year contract includes planning, procurement, cost estimating, and construction management for a capital facility program aimed at enhancing educational environments for over 206,000 students. AECOM has previously overseen a $2.5 billion capital program for OCPS. The initiative aligns with OCPS's goal to optimize learning spaces while ensuring safety and emotional support for students.
AECOM (NYSE: ACM) has been chosen by Metro Vancouver to design the North Shore Wastewater Treatment Plant, replacing the Lions Gate facility and serving around 250,000 residents. AECOM will provide design completion and construction management services, ensuring a smooth transition to the new contractor, PCL Construction. The plant aims for LEED Gold and Envision Gold certifications, featuring a modern design with community spaces. It will enhance wastewater treatment technology, recover heat from effluents, and conserve water resources.
AECOM (NYSE: ACM) has been selected by the Greater Toronto Airports Authority to develop a long-term environmental master plan for Toronto Pearson International Airport. This initiative will target climate change, carbon neutrality, energy use, water management, natural environment, and waste management. AECOM aims to suggest capital projects and operational changes that aid GTAA in reaching its environmental goals. The project includes baseline assessments, strategy reviews, performance monitoring, and cost-benefit analyses. AECOM's previous partnerships with GTAA demonstrate a strong foundation for this collaboration.
AECOM (NYSE: ACM) has declared a quarterly cash dividend of $0.15 per share, continuing its commitment to returning value to shareholders. This dividend is payable on July 22, 2022, to stockholders on record as of the close of business on July 6, 2022. AECOM is recognized as a leading infrastructure consulting firm, with a reported revenue of $13.3 billion in fiscal year 2021. The company emphasizes its dedication to sustainable practices and addressing complex challenges across various sectors worldwide.
AECOM (NYSE: ACM) has secured a contract with Public Services and Procurement Canada for the Faro Mine Remediation Project, a significant environmental clean-up effort. This project, expected to run through March 2024, will involve the design of a remediation plan and quality assurance services, aimed at restoring traditional territories for affected First Nations. AECOM will work alongside a team of experienced partners and aims to ensure human health, safety, and environmental protection in the area.
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.