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) reported third-quarter fiscal 2021 results, with revenue reaching $3.4 billion, a 7% increase year-over-year, and net service revenue at $1.5 billion, up 1%. Operating income surged 35% to $160 million, while net income declined 69% to $28 million, influenced by $122 million in pre-tax costs from debt refinancing. Adjusted EBITDA grew 15% to $214 million, with an increased adjusted EPS of $0.73, reflecting a 33% rise. AECOM raised its full-year adjusted EBITDA guidance to $810-$830 million and diluted adjusted EPS guidance to $2.75-$2.85, highlighting strong performance and growth potential.
AECOM (NYSE: ACM) has been awarded a contract extension by the U.S. Army Corps of Engineers (USACE) Baltimore District for nationwide environmental remediation services, valued at a ceiling of $240 million. This multiple-award contract includes five base years and two option years, reaffirming AECOM's long-standing relationship with USACE, which spans over 26 years. AECOM will continue providing a range of environmental services, demonstrating its commitment to sustainability and technical innovation in land restoration and environmental quality improvement.
AECOM (NYSE:ACM) plans to release its third quarter fiscal 2021 financial results after market close on August 9, 2021. A conference call and webcast for analysts and investors will be held on August 10, 2021, at noon Eastern Time. During this session, management will present the financial outcomes and discuss market trends. A live webcast and replay will be available on the company’s investor relations website, along with presentation slides containing detailed financial information.
AECOM (NYSE: ACM) has been approved by Edmonton to continue as owner’s engineer for the Valley Line LRT extension, securing a CAD$124 million contract amendment. This includes oversight for the Valley Line West and ongoing work on Valley Line Southeast. The CAD$4.2 billion project aims to enhance public transit and create thousands of jobs amid post-pandemic recovery. Construction on the Valley Line Southeast is expected to finish this year, while the Valley Line West is set for completion by 2027.
AECOM (NYSE: ACM) has been selected to provide program management services for the New Jersey Turnpike Authority’s $1.1 billion Interchange 1 to 4 Widening Program. This initiative aims to enhance capacity and reduce congestion along a 36.5-mile stretch, with AECOM overseeing preliminary engineering, environmental services, and stakeholder communication. The project also includes infrastructure improvements like replacing structures and upgrading safety measures. AECOM emphasizes leveraging their global resources and expertise to meet the Authority's needs efficiently.
AECOM (NYSE:ACM) reported Q2 fiscal 2021 results with revenue of $3.3 billion, a 1% increase year-over-year. Notable gains included a 43% rise in operating income to $158 million and an 82% leap in net income to $88 million. Adjusted diluted EPS reached a quarterly record of $0.67, up 22%. Backlog declined 5% to $39.4 billion. The company raised its adjusted EPS guidance to between $2.65 and $2.85, projecting 28% growth. AECOM's strong performance is attributed to improved market conditions and strategic efficiencies, despite a 1% decline in net service revenue.
AECOM (NYSE: ACM) has been awarded a contract to provide program management services for Phase 1 of the $3.5 billion Dallas Independent School District (DISD) 2020 Bond Program, marking its fourth consecutive partnership with the district. The company will oversee various project management aspects, including coordination of designers and contractors, for new facilities and upgrades. DISD serves over 150,000 students and aims to enhance educational infrastructure through this program.
Summary not available.
AECOM (NYSE:ACM) plans to release its second quarter fiscal 2021 financial results post-market on May 10, 2021. A conference call will follow on May 11, 2021 at noon Eastern Time, where management will discuss the financial performance and market trends. The event will be accessible via AECOM's investor site. The firm reported a revenue of $13.2 billion in fiscal year 2020 and emphasizes its commitment to delivering innovative solutions across various sectors.
AECOM (NYSE: ACM), a leading infrastructure consulting firm, has secured an indefinite delivery, indefinite quantity (IDIQ) program management services contract with the U.S. Postal Service (USPS) valued at up to $600 million. The contract spans three base years with an option for four additional years, providing program management, engineering design, construction management, and environmental services. AECOM's extensive experience includes over 2,000 USPS facilities under prior contracts, reinforcing its capability to deliver high-quality services effectively.