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) 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.
AECOM (NYSE: ACM) has successfully completed a tender offer to purchase up to $700 million of its 5.875% Senior Notes due 2024. The company accepted $607.94 million of the Notes and paid a total of $696.85 million plus accrued interest. Funding was provided through a Term B Facility of $700 million. The tender offer, which includes an Early Tender Deadline of April 6, 2021, will expire on April 23, 2021. AECOM also executed amendments to its credit facilities and anticipates ongoing operational advancements.
AECOM (NYSE: ACM) announced an increase in its tender offer for certain 5.875% Senior Notes due 2024, raising the Aggregate Maximum Purchase Price from $500 million to $700 million. All notes tendered before April 6, 2021, are expected to be accepted by April 13, 2021, with no proration. The tender offer will expire on April 23, 2021, unless extended. The offer's completion is contingent on AECOM entering a new senior secured term loan facility, with sufficient funds to purchase validly tendered notes. Additional details are available in the Offer to Purchase statement.
AECOM (NYSE: ACM) announced the results of its tender offer to purchase up to $500 million of its 5.875% Senior Notes due 2024, valid as of April 6, 2021. As of that date, $607.94 million of the $797.25 million outstanding Notes were tendered. The Tender Offer will expire on April 20, 2021. The company intends to fund the purchase with proceeds from a new term loan facility. Additionally, AECOM successfully received the requisite consents to amend the Notes indenture, removing restrictive covenants.
AECOM (NYSE: ACM) has initiated a tender offer to purchase up to $500 million of its 5.875% Senior Notes due 2024. The company is also soliciting consents for proposed amendments to eliminate restrictive covenants and certain default events associated with the Notes. The tender offer will expire on April 20, 2021, unless extended. Holders tendering by April 6, 2021, will receive an early payment. Conditions include entering a new senior secured term loan. The tender offer is not conditioned on a minimum tender amount and may require proration based on total tenders.
AECOM (NYSE: ACM) has been selected by the U.S. Air Force Civil Engineer Center to deliver planning, design, and construction management services under the $2 billion Architect-Engineer NEXT 2021 contract. This contract spans a five-year base period with an option for an additional five years. AECOM has a history of collaboration with the U.S. Air Force, having managed the previous contract as the top service provider for various projects, including military construction and Foreign Military Sales.
Summary not available.
Summary not available.
AECOM (NYSE:ACM) hosted a virtual Investor Day, sharing its growth strategy focused on leveraging strengths in transportation, water, and environment consulting to meet ESG and sustainability demands. The firm aims to achieve an adjusted operating income margin of over 15% by fiscal 2024 and targets to double adjusted EPS and free cash flow from fiscal 2020 to 2024. AECOM reiterated its fiscal 2021 guidance, expecting adjusted EPS between $2.60 and $2.80 and free cash flow between $425 million and $625 million, reflecting strong growth prospects.