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AECOM(ACM) - 2025 Q1 - Earnings Call Presentation
2025-02-04 07:14
First Quarter Fiscal 2025 AUSTIN LIGHT RAIL United States The Company will serve as delivery partner for the Austin Transit Partnership, providing program management and an array of technical services on the first phase of an approximately 10-mile light rail system in Texas's capital. Disclosures Forward-Looking Statements All statements in this communication other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any statements ...
AECOM(ACM) - 2025 Q1 - Quarterly Report
2025-02-04 02:31
Revenue and Profitability - Revenue for the three months ended December 31, 2024, increased by $114.3 million, or 2.9%, to $4,014.2 million compared to $3,899.9 million for the same period last year [143]. - Gross profit for the same period increased by $24.4 million, or 10.0%, to $268.4 million, with gross profit as a percentage of revenue rising to 6.7% from 6.3% [147]. - The cost of revenue increased to $3,745.8 million, an increase of $89.9 million, or 2.5%, compared to the prior year [146]. - Net income attributable to AECOM increased by $72.6 million, or 76.9%, to $167.0 million compared to $94.4 million in the prior year [141]. - Total revenue for the three months ended December 31, 2024, was $2,319.4 million, with a gross profit of $184.8 million [215]. - Net income for the same period was $122.5 million, attributable entirely to continuing operations [215]. Segment Performance - The Americas and International segments contributed significantly to revenue growth due to increased investments in infrastructure programs [144]. - Revenue for the Americas segment increased by $73.3 million, or 2.4%, to $3,112.0 million, driven by organic growth [162]. - Gross profit for the Americas segment rose by $19.2 million, or 11.2%, to $190.2 million, with gross profit as a percentage of revenue increasing to 6.1% [165]. - Revenue for the International segment increased by $41.0 million, or 4.8%, to $902.0 million, primarily due to growth in the Middle East and the U.K. [168]. Cash Flow and Working Capital - Net cash provided by operating activities was $151.1 million for the three months ended December 31, 2024, compared to $143.1 million for the same period last year [180]. - Cash and cash equivalents were $1,584.7 million at December 31, 2024, a slight decrease from $1,584.9 million at September 30, 2024 [179]. - Working capital increased by $57.8 million, or 7.2%, to $859.8 million at December 31, 2024, compared to $802.0 million at September 30, 2024 [183]. - Days Sales Outstanding (DSO) improved slightly to 69 days at December 31, 2024, from 70 days at September 30, 2024 [185]. Debt and Interest - Total debt as of December 31, 2024, was $2,547.1 million, up from $2,539.8 million at September 30, 2024 [188]. - The average effective interest rate on total debt decreased to 5.2% for the three months ended December 31, 2024, from 5.4% in the prior year [204]. - Interest income increased to $16.6 million from $12.1 million, attributed to a rise in interest-bearing assets [154]. - Interest expense was $43.0 million, up from $41.3 million, mainly due to increased debt levels [155]. - If short-term floating interest rates had increased by 1.00%, interest expense for the three months ended December 31, 2024, would have increased by $2.4 million [222]. Stock and Capital Management - The company has approximately $974.8 million remaining of the Board's stock repurchase authorization, with an increase in the total authorization to $1.0 billion approved on November 13, 2024 [137]. - Future cash will be allocated towards dividends and stock repurchases consistent with the company's capital allocation policy [137]. - The company exited substantially all of its former self-perform at-risk construction businesses to improve profitability and reduce risk [138]. Other Financial Metrics - General and administrative expenses increased by $4.8 million, or 13.4%, to $40.5 million for the three months ended December 31, 2024, compared to $35.7 million for the same period last year [151]. - Other income rose to $6.9 million from $2.6 million for the corresponding period last year, primarily due to an increase in the fair value of investments [153]. - Total assets decreased from $6,438.8 million as of September 30, 2024, to $6,391.7 million as of December 31, 2024 [213]. - Total stockholders' equity increased from $607.7 million to $678.1 million during the same period [213]. - Current liabilities decreased from $2,918.1 million to $2,807.0 million [213]. Pension and Compliance - The defined benefit pension plans had an aggregate deficit of approximately $119.9 million as of December 31, 2024 [208]. - The company contributed $2.5 million to multiemployer pension plans for the year ended September 30, 2024 [208]. - The company was in compliance with the covenants of the Credit Agreement as of December 31, 2024 [195]. Risk Management - The company actively uses derivative financial instruments to manage foreign currency and interest rate risks, but does not use them for trading purposes [220]. - The company limits exposure to foreign currency fluctuations through provisions requiring client payments in corresponding local currencies [221]. - Weighted average floating rate borrowings were $1,669.3 million, with $969.3 million excluding borrowings with effective fixed interest rates due to interest rate agreements [222].
AECOM(ACM) - 2025 Q1 - Quarterly Results
2025-02-03 21:18
Exhibit 99.1 Press Release Investor Contact: Will Gabrielski Senior Vice President, Finance, Treasurer 213.593.8208 William.Gabrielski@aecom.com Media Contact: Brendan Ranson-Walsh Senior Vice President, Global Communications 213.996.2367 Brendan.Ranson-Walsh@aecom.com AECOM reports first quarter fiscal 2025 results DALLAS (February 3, 2025) — AECOM (NYSE: ACM), the trusted global infrastructure leader, today reported first quarter fiscal 2025 results. | (from Continuing Operations; | | | YoY % | | | YoY % ...
ACM Research: A WFE National Champion
Seeking Alpha· 2025-02-03 18:53
Group 1 - ACM Research (NASDAQ: ACMR) is identified as an emerging, high-growth semiconductor wafer fabrication equipment (WFE) company [1] - The company is based in the U.S. but primarily operates in Shanghai, making it the leading Chinese supplier of wafer cleaning tools [1] - ACMR is positioned as a direct beneficiary of China's semiconductor industry growth [1]
Top Wall Street Forecasters Revamp Aecom Price Expectations Ahead Of Q1 Earnings
Benzinga· 2025-02-03 14:12
AECOM ACM will release its first-quarter financial results, after the closing bell, on Monday, Feb. 3, 2025.Analysts expect the Dallas, Texas-based company to report quarterly earnings at $1.10 per share, up from $1.05 per share in the year-ago period. Aecom projects quarterly revenue of $4.11 billion, compared to $3.9 billion a year earlier, according to data from Benzinga Pro.On Nov. 18, the company posted better-than-expected fourth-quarter earnings.Aecom shares fell 0.1% to close at $105.44 on Friday.Be ...
AECOM Gears Up to Report Q1 Earnings: Factors to Consider
ZACKS· 2025-01-31 15:21
AECOM (ACM) is scheduled to report its first-quarter fiscal 2025 (ended Dec. 31, 2024) results on Feb. 3, after market close.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 4.1% and grew 25.7% year over year. Revenues grew 7% year over year as well.AECOM’s earnings topped the consensus mark in three of the last four quarters and missed on the remaining occasion, the average surprise being 5.2%.AC ...
ACM vs. ALTR: Which Stock Should Value Investors Buy Now?
ZACKS· 2025-01-13 17:41
Core Viewpoint - The analysis compares Aecom Technology (ACM) and Altair Engineering (ALTR) to determine which stock is more attractive to value investors [1] Valuation Metrics - Aecom Technology has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while Altair Engineering has a Zacks Rank of 3 (Hold) [3] - ACM has a forward P/E ratio of 20.76, significantly lower than ALTR's forward P/E of 73.99, suggesting that ACM is undervalued [5] - The PEG ratio for ACM is 1.80, while ALTR's PEG ratio is 6.17, indicating that ACM has a better balance of price to expected earnings growth [5] - ACM's P/B ratio is 5.99 compared to ALTR's P/B of 11.21, further supporting the notion that ACM is more attractively valued [6] - Based on these metrics, ACM holds a Value grade of B, while ALTR has a Value grade of F, making ACM the preferred choice for value investors [6]
Gorilla Technology in Consortium with NC Digy Smart Cities and AECOM Signs MoU to Transform Santa Marta into an AI-Powered Smart City
Newsfile· 2025-01-08 13:00
Core Insights - Gorilla Technology Group Inc. has signed a Memorandum of Understanding (MoU) with NC Digy Smart Cities and AECOM to transform Santa Marta, Colombia, into an AI-powered smart city, marking a significant step for urban development in Latin America [1][2] - The initiative is part of a four-phase plan over 20 years, aiming to integrate AI into various urban systems, including security, mobility, and environmental monitoring, creating a scalable model for other cities [4] Group 1: Project Overview - The MoU was signed in a high-profile ceremony attended by key stakeholders, including Santa Marta's Mayor and representatives from the British Government, highlighting a commitment to leveraging AI for urban progress [2] - The project aims to enhance safety, connectivity, and operational efficiency in Santa Marta through AI-driven solutions [5] Group 2: Key Components of the Smart City - AI-enhanced smart lighting will utilize video analytics and environmental sensors to improve safety and reduce energy consumption [6] - Cybersecure communication nodes will protect critical infrastructure, ensuring secure data transmission and management of IoT devices [6] - Interactive AI kiosks will provide real-time information to residents and tourists while collecting data to improve city services [6] - Smart mobility solutions will include AI algorithms for intelligent parking and traffic management [6] - AI video analytics will enhance public safety by detecting potential threats in real time [6] - Environmental monitoring will utilize AI sensors to analyze air quality and other environmental factors [6] Group 3: Strategic Importance - The project is seen as a catalyst for regional change, with AECOM envisioning it as the first step in a long-term strategy to introduce AI solutions across Latin America [4] - The collaboration is supported by international partnerships, emphasizing the importance of global cooperation in addressing urban challenges [5]
ACM Research: Carving Out Their Niche
Seeking Alpha· 2025-01-05 08:38
Group 1 - The focus is on identifying small cap companies with strong fundamentals and growth potential, large cap companies experiencing temporary setbacks, and stable companies with solid dividend yields and growth potential [1] Group 2 - The article expresses a beneficial long position in the shares of ACMR, indicating a positive outlook on the company's stock [2]
AECOM's JV With STV Secures Sawtooth Bridges Replacement Project
ZACKS· 2024-12-24 15:26
Core Insights - AECOM's joint venture with STV has been selected by Amtrak to manage the Sawtooth Bridges Replacement Project, which is part of Amtrak's Gateway Program aimed at addressing critical repair needs and doubling train capacity on a congested section of the Northeast Corridor [1][3] Project Details - The Sawtooth Bridges, constructed in 1907, support over 400 daily trains and have structural deficiencies that limit train speeds to 60 mph, causing bottlenecks [2] - The project will deliver three new bridges, including a 1.9-mile stretch between Newark Penn Station and Secaucus Junction [2] AECOM's Role and Strategy - AECOM will adopt a multi-phased approach to project planning and delivery, coordinating design efforts and managing relationships with railroads, utilities, and third parties [4] - The company will leverage its extensive transportation resources and experience with large-scale projects to provide innovative solutions that enhance rail reliability [5] Broader Infrastructure Context - AECOM is involved in several major infrastructure projects funded by the Federal Railroad Administration, including the Frederick Douglass Tunnel Program and the Connecticut River Bridge Replacement [6] - The company has seen robust prospects across its segments, with a strong backlog and pipeline for upcoming quarters, driven by increasing demand for infrastructure services [7] Financial Performance - AECOM's shares have gained 16.8% year-to-date, outperforming the Zacks Engineering - R and D Services industry's growth of 9% [8] - The total backlog at the end of the fourth quarter of fiscal 2024 was $23.86 billion, reflecting a 3% increase from the prior year, with 50.8% of this being contracted backlog growth [12]