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AECOM (ACM) is a global leader delivering professional services across the infrastructure lifecycle. This news hub provides investors and industry professionals with verified updates on strategic developments, financial performance, and operational milestones.
Access timely announcements including quarterly earnings reports, major contract awards, sustainability initiatives, and leadership updates. Our curated collection features official press releases alongside third-party analysis of AECOM's transportation, water, and energy projects worldwide.
Key updates cover project financing milestones, public-private partnerships, and technological innovations in engineering design. Monitor ACM's global market position through coverage of international expansions and regulatory developments impacting infrastructure sectors.
Bookmark this page for centralized access to critical updates affecting AECOM's stock performance and competitive standing. Check regularly for new developments in sustainable infrastructure solutions and complex project management achievements.
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.
AECOM (NYSE:ACM) has scheduled its fourth quarter and full year fiscal 2024 earnings release for November 18, 2024, after U.S. market close. The company will host a conference call and webcast on November 19, 2024, at 8 a.m. Eastern Time to discuss financial results, strategic accomplishments, and market trends. The presentation will be accessible via webcast at investors.aecom.com, with dial-in options available at 800-599-5188 (U.S.) or 646-307-1591 (International) using passcode 7295287.
AECOM (NYSE: ACM) has been selected to support Southern Water's $4.8 billion capital delivery program for the AMP8 period (2025-2030). The company will serve as a detailed design partner to Kier on non-infrastructure water and wastewater projects, and as the sole design partner to Morrison Water Services for infrastructure projects and low complexity wastewater projects.
This selection builds on AECOM's existing appointments to Southern Water's AMP8 Professional Services Framework. The company will provide design engineering services, including optioneering, outline, and detailed design across water and wastewater projects. The frameworks run for seven and five years, respectively, with options for extension.
AECOM's involvement underscores its market sector leadership and technical expertise in water infrastructure modernization and sustainability. The collaboration aims to address challenges posed by population growth, climate change, and environmental protection needs.
AECOM has been selected by the Texas Department of Transportation (TxDOT) to provide design services for Segment 3C-4 of the North Houston Highway Improvement Project (NHHIP). This project aims to redesign I-45N between downtown Houston and the North Sam Houston Tollway, focusing on lane expansions, traffic congestion alleviation, commuter safety enhancement, and flood resiliency improvement.
AECOM's scope includes designing four express lanes, realigning I-45's six main lanes, and widening from one to four managed lanes from west of Houston Avenue to west of White Oak Bayou. The project also involves drainage system improvements to ensure roadway functionality during extreme weather events.
The NHHIP is expected to expand multi-modal transit options by adding more high-occupancy vehicle lanes, bike lanes, and pedestrian trail paths. It also aims to enhance regional freight mobility, supporting Houston's growth as local ports continue to expand.
AECOM (NYSE: ACM) has been selected by Peel Region to provide program management services for the Queen Street Housing Enabling Infrastructure Program (HEIP) in Ontario, Canada. This initiative aims to build essential wastewater and water infrastructure to support housing development mandated under Bill 23, which includes Ontario's goal to build 1.5 million units by 2031.
AECOM's scope of work includes planning, designing, and implementing new water and wastewater systems to meet accelerated growth and housing demands in Peel. The company's recent work in the region includes expanding the Clarkson Water Resource Recovery Facility and supporting drinking water treatment projects at the Arthur P. Kennedy and Lorne Park water treatment plants.
AECOM (NYSE: ACM) has been selected as the design partner for Phase 1 of Edmonton's Capital Line South Light Rail Transit Extension project in Alberta, Canada. The project, subcontracted to Capital Line Design-Build , includes a 4.5-kilometer light rail extension from Century Park to north of Ellerslie Road, two new stations, and a light rail vehicle storage and maintenance facility.
As the design lead, AECOM will be responsible for infrastructure and systems design. The new line will feature an underpass at 23 Avenue, new bridges crossing Blackmud Creek and Anthony Henday Drive, and new stations at Twin Brooks and Heritage Valley North. AECOM's extensive experience in Canada, including their work on Edmonton's Valley Line project, positions them to deliver high-quality infrastructure design for the Capital Line South.
AECOM (NYSE: ACM) has appointed Jill Hudkins as chief executive of its new Water & Environment Advisory global business line. This move is part of AECOM's growth strategy to extend its competitive advantage by developing complementary, high-value businesses. The new advisory business will focus on guiding clients through complex water and environmental management challenges, leveraging AECOM's existing top-ranked water and environmental engineering capabilities.
The business line aims to expand into high-growth areas such as advanced digital water asset management, environmental permitting, and PFAS remediation. Hudkins, with over 25 years of experience, previously served as President at Tetra Tech, where she led the advancement of digital applications and data analytics in water, environment, and sustainable infrastructure.
AECOM's CEO, Troy Rudd, expressed excitement about the opportunities ahead, responding to increasing client demand for comprehensive advisory, consulting, design, and program management solutions addressing pressing water and environmental challenges.
AECOM (NYSE: ACM) has been awarded a contract to support the Los Angeles County Metropolitan Transportation Authority's (Metro) transition to Zero Emission Buses (ZEB). This initiative, one of the largest electric bus programs in the nation, aims to reduce greenhouse gas emissions and improve air quality in Los Angeles County. AECOM will provide:
- Program management, design, and engineering services
- ZEB and charging infrastructure conceptual design
- Specification and procurement support
- Implementation strategies for a seamless transition
The project, supported by the Infrastructure Investment and Jobs Act, aligns with AECOM's Sustainable Legacies strategy and will set a national example for transit agencies transitioning to zero-emission fleets.
AECOM (NYSE: ACM) has been selected by the City of Austin as the prime consultant for the expansion of the Walnut Creek Wastewater Treatment Plant (WWTP) in Austin, Texas. The project aims to increase the plant's capacity from 75 million gallons per day (MGD) to 100 MGD, addressing the needs of Austin's growing population and enhancing the resilience of its wastewater infrastructure.
The scope of work includes process, mechanical, civil, electrical, and structural engineering services to modernize and upgrade existing infrastructure. Key components of the expansion include:
- Replacing aging equipment
- Constructing a new 25 MGD treatment train
- Building a new 120-inch outfall line and structure
- Providing wet weather treatment with new 100 MGD cloth filters
- Building a flood wall for protection against 100-year floods
The Walnut Creek WWTP, originally built in 1977, has undergone three previous expansions. The facility is expected to remain operational throughout the upgrade process.
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