FREMONT, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. (ACM) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced its new Panel Electrochemical Plating (Ultra ECP ap-p) tool designed for fan-out panel-level packaging (FOPLP). This new tool employs a horizontal plating approach achieving exceptional uniformity and precision across the entire panel. “As demands for low latency, high bandwidth and cost ...

Revenue Growth - Total revenue for the three months ended June 30, 2024, was $4,151,251, an increase of 13.4% compared to $3,663,549 for the same period in 2023[6] - Total revenue for the nine months ended June 30, 2024, was $11,995.0 million, an increase from $10,536.1 million for the same period in 2023, representing a growth of approximately 13.8%[38] - Revenue for the three months ended June 30, 2024 increased by $487.6 million, or 13.3%, to $4,151.2 million compared to $3,663.6 million for the same period last year[132] - Revenue for the nine months ended June 30, 2024 increased by $1,458.9 million, or 13.8%, to $11,995.0 million compared to $10,536.1 million for the same period last year[132] - Revenue from discontinued operations for the nine months ended June 30, 2024, was $138.4 million, down from $169.6 million in the same period of 2023, reflecting a decline of approximately 18%[28] Profitability - Gross profit for the nine months ended June 30, 2024, was $790,188, representing a 14.0% increase from $693,160 in the prior year[6] - The company reported a net income of $152,509 for the three months ended June 30, 2024, compared to a loss of $121,299 in the same period last year[6] - Net income for the three months ended June 30, 2024, was $152,509, compared to a net loss of $121,299 for the same period in 2023, representing a significant turnaround[9] - For the nine months ended June 30, 2024, net income was $277,133, a substantial increase from $59,947 in the same period of 2023[9] - Basic earnings per share for the nine months ended June 30, 2024, was $1.69, up from $0.22 in the prior year[6] Assets and Liabilities - Total assets as of June 30, 2024, were $12,046,598, up from $11,233,398 as of September 30, 2023, reflecting a growth of 7.3%[5] - Current liabilities increased to $6,289,644 as of June 30, 2024, from $5,850,283 as of September 30, 2023, marking a rise of 7.5%[5] - Total liabilities increased to $9,547,922 as of June 30, 2024, from $8,849,687 as of September 30, 2023, reflecting a rise of 7.9%[5] - Total stockholders' equity as of June 30, 2024, was $2,498,676, an increase from $2,622,325 as of June 30, 2023[12] - Total debt increased to $2,541.5 million as of June 30, 2024, compared to $2,217.3 million as of September 30, 2023, reflecting a rise of 14.6%[58] Cash Flow - Net cash provided by operating activities increased to $528.7 million for the nine months ended June 30, 2024, compared to $410.8 million in the prior year, reflecting a rise of about 29%[15] - Cash and cash equivalents increased to $1,644,812 as of June 30, 2024, compared to $1,260,206 as of September 30, 2023, indicating a growth of 30.4%[5] - Net cash used in investing activities was $185.9 million for the nine months ended June 30, 2024, compared to $106.5 million for the same period in 2023[173] - Cash and cash equivalents at the end of the period were $1.6 billion, up from $1.3 billion at the end of the previous year, representing an increase of approximately 29%[15] Restructuring and Costs - The company reported restructuring costs of $29,025 for the three months ended June 30, 2024, compared to $9,115 in the same period last year[6] - The company expects to incur restructuring costs of approximately $80 million to $100 million in fiscal 2024, aimed at improving efficiencies and margin[128] - The Company incurred restructuring expenses of $80.7 million during the first nine months of fiscal 2024, compared to $50.5 million in the same period of fiscal 2023[105] Segment Performance - Revenue for the Americas segment for the three months ended June 30, 2024, increased by $417.4 million, or 14.8%, to $3,246.9 million compared to $2,829.5 million in the prior year[154] - Revenue for the International segment for the three months ended June 30, 2024, increased by $69.9 million, or 8.4%, to $904.2 million, driven by growth in the Middle East and Europe[161] - Gross profit for the International segment increased by $13.7 million, or 20.3%, to $81.1 million for the three months ended June 30, 2024, compared to $67.4 million for the same period last year[164] Financial Obligations and Credit Facilities - The company entered into a new $1,500 million revolving credit facility and a $750 million term loan A facility on April 19, 2024, to refinance existing credit facilities and for general corporate purposes[64] - As of June 30, 2024, the Company had $1,495.6 million available under its New Revolving Credit Facility, an increase from $1,145.6 million as of September 30, 2023[69] - The Company had outstanding standby letters of credit totaling $909.4 million as of June 30, 2024, compared to $878.9 million as of September 30, 2023[73] Tax and Compliance - The Company's effective tax rate decreased to 23.6% for the nine months ended June 30, 2024, from 29.9% in the same period of 2023[86] - The Company is currently undergoing tax audits in several jurisdictions, including the U.S., with federal income tax returns for fiscal years 2017 through 2020 being examined by the IRS[89] - The Company expects potential adjustments to its tax liabilities related to uncertain tax positions within the next twelve months due to ongoing audits[89]

AECOM (NYSE:ACM) Q3 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Will Gabrielski - Senior Vice President, Finance, Treasury & Investor Relations Troy Rudd - Chief Executive Officer Lara Poloni - President Gaurav Kapoor - Chief Financial Officer & Chief Operations Officer Conference Call Participants Andrew Wittmann - Baird Jamie Cook - Truist Securities Sangita Jain - KeyBanc Capital Markets Andrew Kaplowitz - Citigroup Michael Dudas - Vertical Research Operator Good morning ...

AECOM (ACM) posted decent third-quarter fiscal 2024 results, with earnings surpassing the Zacks Consensus Estimate. On a year-over-year basis, the top and the bottom line increased, backed by solid organic growth in net service revenues (NSR) in its reportable segments.Shares of the technical and management support services provider rose 4.2% in the after-hours trading session on Aug 5, post-earnings release. Positive investor sentiments were observed as the company raised its earnings forecast for the fisc ...

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 third quarter fiscal 2024 results · Increased earnings guidance for fiscal 2024 · Delivered ...

FREMONT, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced the appointment of Howard Chen as General Counsel and Vice President of Corporate Strategy, effective July 1, 2024. ACM’s President and Chief Executive Officer Dr. David Wang, commented, "I am pleased to welcome Howard Chen to the ACM team. His legal knowledge and industry insight will ...

FREMONT, Calif., July 29, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. (ACM) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced the Ultra C vac-p flux cleaning tool for fan-out panel-level packaging (FOPLP). Utilizing vacuum technology, the new tool efficiently removes flux residues from chiplet structures. ACM also announced today it received a purchase order from a major China semiconductor manufacturer which h ...

The market expects Aecom Technology (ACM) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on August 5, 2024, might help the stock move higher if these key numbers are ...

JHVEPhoto/iStock Editorial via Getty Images Investment Thesis AECOM (NYSE:ACM) is well-positioned to continue delivering good growth ahead. The company's revenue growth should benefit from a healthy backlog of $23.7 billion. In addition, increasing PFAS-related work, the company's exposure to high-growth markets, and healthy infrastructure investments globally should also increase revenue growth. On the margin front, the company should benefit from improving international margins, operating leverage, and co ...

AECOM (ACM) has been selected as the Lead Designer for the Washington State Department of Transportation's (“WSDOT”) SR 520 Portage Bay Bridge and Roanoke Lid Project. This project, led by Skanska as part of a design-build team, aims to replace the aging Portage Bay Bridge and add a landscaped lid segment in Seattle's North Capitol Hill neighborhood.The project should bring significant improvements to commuters traveling across Lake Washington and through the SR 520 corridor. New ramps, seismically resilien ...