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 (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, in partnership with Arup, has been appointed as a design and consenting service partner for the UK National Grid's Great Grid Upgrade. The project aims to connect clean energy to homes and businesses in England and Wales by 2030, part of a £9bn supply chain framework. AECOM's expertise in grid design will help meet the demand for grid improvements and support the transition to net zero, providing cheaper energy and less reliance on fossil fuels.
AECOM reported strong second quarter fiscal 2024 results with revenue increasing 13% to $3.9 billion, operating income up 2% to $200 million, net income down 6% to $111 million, and diluted earnings per share down 4% to $0.81. Backlog reached an all-time high, and the Company raised its fiscal 2024 adjusted EBITDA guidance to between $1,070 million and $1,105 million. Operating cash flow was $94 million, free cash flow $74 million, and $145 million was returned to shareholders in the first half of the year. AECOM remains optimistic about the future based on strong financial performance.
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