AECOM (ACM) , along with Acciona and MACA Civil, has been appointed by the Victoria State Government, Australia, to design and construct the M80 Ring Road Completion in Watsonia, Melbourne.Per the deal, ACM will serve as the lead consultant and the only designer of the alliance. It will play a key role in delivering professional and technical services for the planning and design of permanent works.The project will involve a major upgrade of the M80 Ring Road between Plenty Road and the North East Link for a ...

Investors with an interest in Engineering - R and D Services stocks have likely encountered both M-tron Industries, Inc. (MPTI) and Aecom Technology (ACM) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate ...

AECOM (ACM) clinched a pivotal deal with NASA, earning the nod to provide environmental restoration and compliance services across various U.S. facilities under the NASA Environmental Restoration and Compliance Contract (NERCC).This five-year agreement will see AECOM spearheading environmental restoration endeavors, encompassing activities such as sampling, contaminant investigations, risk assessments, and remediation efforts. Of particular significance, AECOM will play a central role in NASA's initiatives ...

One stock that might be an intriguing choice for investors right now is AECOM (ACM) . This is because this security in the Engineering - R and D Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Enginee ...

It has been about a month since the last earnings report for Aecom Technology (ACM) . Shares have lost about 0% in that time frame, underperforming the S&P 500.Will the recent trend continue leading up to its next earnings release, or is Aecom due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. AECOM Q1 Earnings Beat, Design Business Backlog Up 9%AECOM ...

AECOM (ACM) has been selected by Amtrak to support the development of $1.5 billion Susquehanna River Rail Bridge (SRB) Project.The project aims to enhance rail connectivity and safety along the U.S. Northeast Corridor. It involves replacing the current 117-year-old two-track bridge in Maryland with two new bridges, aiming to boost capacity and reliability for both freight and passenger trains.SRB Project's complexity demands a team that combines global expertise with local insight, bringing together the nec ...

AECOM (ACM) , a global infrastructure consulting firm, in partnership with Dewberry, has been awarded a contract by the U.S. Department of Homeland Security’s Federal Emergency Management Agency (“FEMA”) to provide public and technical assistance services. Operating under the Public Assistance Technical Assistance V contract, the joint venture, known as NISTAC PLUS JV, will support FEMA's Public Assistance grant program. AECOM will serve as the managing partner of the joint venture.The contract will focus e ...

AECOM (ACM) has been selected as part of the Pape North Connect Team to deliver the Pape Tunnel and Underground Stations (PTUS) contract for Toronto's Ontario Line. This significant 15.6-kilometer rapid transit project aims to enhance accessibility and cut travel time for commuters.Under the PTUS contract, this renowned infrastructure consulting firm’s responsibilities encompass designing three kilometers of twin tunnels beneath Pape Avenue, two underground stations, emergency exit and service buildings, an ...

KENSICO EASTVIEW CONNECTION United States Delivering a new 2-mile-deep water conveyance tunnel that will improve the resiliency and reliability of New York City's water supply. This extends AECOM's decades-long relationship with the New York City Department of Environmental Protection, serving as their trusted partner on their most ambitious infrastructure projects. Disclosures Forward-Looking Statements All statements in this communication other than statements of historical fact are "forward-looking state ...

Financial Data and Key Metrics Changes - The company reported a 9% increase in organic Net Service Revenue (NSR) in the Americas design business and an overall increase of 8% [10][24] - Adjusted EBITDA and adjusted EPS increased by 14% and 25% respectively, indicating strong financial performance [10][24] - Free cash flow was reported at $87 million, with nearly $100 million returned to shareholders through repurchases and dividends [10][27] Business Line Data and Key Metrics Changes - The design business saw a segment adjusted operating margin increase of 100 basis points to 15%, a new first-quarter high [10] - The backlog in the design business reached a record level, with a 23% growth in contracted backlog [24] - The Construction Management (CM) backlog declined due to the removal of two projects that did not meet the company's risk framework [26] Market Data and Key Metrics Changes - Strong growth was noted in the global water and transportation markets, contributing to the overall performance [10][12] - The funding outlook in core markets, particularly in the Americas, is described as the strongest ever, with significant investments in sustainability and energy transition [12][14] - The company is experiencing robust growth in Canada and Australia, particularly in water projects [13] Company Strategy and Development Direction - The company is focused on a "Think and Act Globally" strategy, which is yielding strong results across its business [12] - The Day 1, Day 2, Day 3 strategy aims to expand the addressable market and increase program management and advisory services to represent 50% of revenue [11] - The company is committed to a returns-focused capital allocation policy, with an increased share repurchase authorization of $1 billion [10][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong funding environment and the growth of the early-stage pipeline, indicating long-term visibility for growth [36] - The company reaffirmed its fiscal 2024 guidance, expecting 20% adjusted EPS growth driven by high-margin organic growth [16][28] - Management acknowledged some market slowdowns in specific areas, such as tall buildings in North America and large transportation projects in the U.K., but remains optimistic about overall growth [38][57] Other Important Information - The company was recognized as one of Fortune's World's Most Admired Companies for the 10th consecutive year, reflecting strong employee satisfaction and retention [9] - The company is actively investing in digital consulting to enhance its service offerings and client engagement [15][20] Q&A Session Summary Question: Concerns about overall backlog being down - Management clarified that while total backlog decreased by 3%, the design backlog increased by 9%, highlighting the profitability in the design business [32] Question: Early-stage pipeline growth and sustainability - Management noted that the early-stage pipeline continues to grow, providing long-term visibility for growth despite some market uncertainties [36] Question: Margin expectations across segments - Management indicated that margins in the Americas are expanding due to focused investments and operational efficiencies, while international margins are also improving [40][42] Question: Transition plan for ACAP business - Management confirmed that the ACAP business is being transitioned out, with minimal value left on the balance sheet [44][45] Question: Share buyback strategy - Management reiterated a consistent approach to share repurchases, emphasizing a returns-focused capital allocation strategy [46][47] Question: Growth rates in public vs. private sectors - Management stated that the portfolio remains balanced between public (60%) and private (40%) sectors, with strong opportunities in both [68] Question: Regional growth rates and expectations - Management observed more momentum in the Americas compared to international markets, driven by increased project availability [62] Question: Strength in early project stages - Management confirmed strength across all end markets, with particular contributions from energy transition and infrastructure projects [72]