Group 1 - Aecom Technology (ACM) is currently performing better than the average Construction sector, with a year-to-date return of approximately 2.8% compared to the sector's average return of -4.4% [4] - The Zacks Rank for Aecom Technology is 2 (Buy), indicating a positive earnings outlook, with the consensus estimate for full-year earnings having increased by 1% over the past quarter [3] - Aecom Technology is part of the Engineering - R and D Services industry, which has an average year-to-date loss of 1.2%, further highlighting ACM's relative performance [6] Group 2 - Janus International Group, Inc. (JBI) has also outperformed the Construction sector with a year-to-date return of 11.2% [4] - The consensus EPS estimate for Janus International Group has increased by 150% over the past three months, and it also holds a Zacks Rank of 2 (Buy) [5] - Janus International Group belongs to the Building Products - Miscellaneous industry, which has experienced a year-to-date decline of 10.9% [7]

Core Viewpoint - AECOM has secured a 10-year Optimized Remediation Contract valued at $81.3 million from the U.S. Army Corps of Engineers, enhancing its position in environmental remediation services [1][2]. AECOM's Work Scope Under ORC - The contract involves providing environmental remediation services at Vandenberg Space Force Base, covering 60 sites and utilizing advanced digital tools for data collection and analysis [2][3]. Strong Backlog Growth - AECOM's total backlog reached $24.27 billion as of the end of Q2 fiscal 2025, reflecting a 3% increase from $23.74 billion year-over-year, with 54.9% of this backlog contracted [5]. - The company maintains a win rate of over 50% for large projects, which increases for contracts exceeding $25 million, indicating a strong competitive advantage [5]. Market Performance - AECOM's shares have increased by 2.4% year-to-date, outperforming the Zacks Engineering - R and D Services industry's decline of 0.6% [7]. - The company is well-positioned to benefit from the $1.2 trillion IIJA funding in the U.S. and infrastructure investments in the U.K., particularly in transportation and water markets [7].

Group 1: AECOM's Partnership and Project Involvement - AECOM has partnered with the Saudi Ministry of Sport to provide site supervision consultancy at King Fahd Sport City in Riyadh, supporting the transformation of the stadium for the AFC Asian Cup 2027 and the 2034 FIFA World Cup [1][2][3] - The project aligns with Saudi Arabia's Vision 2030, aiming to use sports to boost the economy and enhance community well-being [2][3] - AECOM will leverage its global experience from major sports events to meet FIFA standards and support the stadium's upgrades [3][4] Group 2: AECOM's Experience and Capabilities - AECOM Hunt will act as a key consulting partner, bringing expertise from managing over 140 stadiums, including notable venues like Intuit Dome and SoFi Stadium [5] - The partnership reflects AECOM's focus on delivering significant infrastructure projects, utilizing experience from past global sports events [4] Group 3: Financial Performance and Backlog - AECOM has reported a total backlog of $24.27 billion at the end of the second quarter of fiscal 2025, an increase from $23.74 billion in the prior year, with a 54.9% contracted backlog growth [6][7] - The company achieved an 80% win rate on major enterprise pursuits in the fiscal second quarter, maintaining an overall win rate of over 50% [7] - AECOM's net service revenues grew by 4% on an adjusted basis in the second quarter of fiscal 2025, indicating solid organic growth [10]

Core Viewpoint - Allied Critical Metals Inc. has provided an update on its use of funds following a concurrent financing of approximately $4.6 million, emphasizing the prioritization of exploration at the Borralha Tungsten Project to achieve a preliminary economic assessment by summer 2025 [1][3][4]. Summary by Relevant Sections Use of Funds - The company plans to allocate the funds from the concurrent financing as follows: - Borralha Phase 1: $492,600 - Borralha Phase 2: $1,503,200 - Vila Verde Phase 1: $0 (not funded) - Vila Verde Phase 2: $0 (not funded) - Prepayment on 2027 Note: $100,000 - General and administrative costs: $180,000 - Investor relations services: $885,500 - Additional working capital: $231,866 - Total estimated use of funds is $3,574,811, which is $245,824 less than the maximum projected amount of $3,820,635 [2][5]. Exploration Focus - The company is prioritizing the Borralha project for exploration, which is expected to enable the completion of a preliminary economic assessment (PEA) or prefeasibility study (PFS) by the end of summer 2025. Drilling at Borralha is anticipated to commence on May 22, 2025 [3][4]. Investor Relations Strategy - A total of $885,500 has been allocated for investor relations services to enhance the company's profile and facilitate future capital raising efforts following the completion of the PEA/PFS [4][5]. Market Context - The tungsten market is currently valued at approximately $5 to $6 billion USD, with prices having risen by 25% from $320/MTU to $400/MTU over the past five months. This increase is attributed to a favorable macroeconomic environment for tungsten, which is considered a critical metal [4][12]. Management Changes - Sean Choi has been appointed as the new Chief Financial Officer, replacing Keith Margetson, who will continue as a consultant [8][9]. Stock Options and RSUs - The company has granted 3,500,000 stock options at an exercise price of $0.22 per share and 4,097,760 restricted share units (RSUs) to its directors, officers, employees, and consultants [10][11].

Company Overview - Allied Critical Metals Inc. is a Canadian-based mining company focused on the expansion and revitalization of its 100% owned past producing Borralha and Vila Verde tungsten projects in northern Portugal [3] - Tungsten has been designated a critical metal by the United States and other western countries, with China and Russia representing 90% of the total global supply and reserves [3] Market Context - The tungsten market is estimated to be valued at approximately $5 - $6 billion USD and is utilized in various industries such as defense, automotive, manufacturing, electronics, and energy [3] Recent Developments - Allied's common shares are now trading on the Frankfurt Stock Exchange under the symbol "0VJ0", which is expected to broaden the shareholder base in Europe and increase trading activity [1] - The listing coincides with Allied's presentation of its tungsten projects at the Deutsche Goldmesse investor conference in Frankfurt on May 16 & 17, 2025 [2]

Group 1 - Aecom Technology (ACM) has been outperforming its peers in the Construction sector, with a year-to-date return of approximately 0.2% compared to an average loss of 2.7% for the sector [4] - The Zacks Consensus Estimate for ACM's full-year earnings has increased by 1% over the past three months, indicating improved analyst sentiment and a stronger earnings outlook [4] - Aecom Technology is ranked 2 (Buy) in the Zacks Rank system, which highlights stocks with characteristics likely to outperform the market in the near term [3] Group 2 - Aecom Technology is part of the Engineering - R and D Services industry, which consists of 17 companies and currently holds a Zacks Industry Rank of 21, with an average loss of 1.2% this year [6] - In comparison, Primoris Services (PRIM), another outperforming stock in the Construction sector, has a year-to-date return of 0.6% and a consensus EPS estimate increase of 5.4% over the past three months [5] - The Building Products - Heavy Construction industry, which includes Primoris Services, is ranked 1 and has seen a year-to-date increase of 0.9% [7]

Group 1 - The core viewpoint is that ACM Research, Inc. (NASDAQ: ACMR) is seen as a promising investment due to its growth potential in the wafer cleaning segment, which is crucial for the semiconductor supply chain [1] - The company is emerging as a significant player in its industry, indicating a positive outlook for future performance [1] Group 2 - The analysis is based on thorough research and analysis of financial statements, market trends, and upcoming events that may impact the company or industry [1]

Core Viewpoint - Aecom Technology (ACM) is showing potential as a strong investment opportunity due to its recent technical indicators and positive earnings revisions [1][2][3] Technical Analysis - ACM has recently surpassed the 200-day moving average, indicating a long-term bullish trend [1] - The stock has appreciated by 12% over the past four weeks, suggesting upward momentum [2] Earnings Estimates - There have been two upward revisions in earnings estimates for the current fiscal year, with no downward revisions, indicating positive sentiment among analysts [3] - The consensus estimate for ACM has also increased, further supporting the bullish outlook [3] Investment Recommendation - Given the strong technical indicators and positive earnings revisions, ACM is recommended for investors to consider adding to their watchlist [3]

Core Viewpoint - Growth investors seek stocks with above-average financial growth, but identifying such stocks can be challenging due to associated risks and volatility [1] Group 1: Company Overview - Aecom Technology (ACM) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 16.8%, with projected EPS growth of 13.9% this year, surpassing the industry average of 11.8% [5] Group 2: Key Metrics - Aecom's asset utilization ratio (sales-to-total-assets ratio) is 1.35, indicating the company generates $1.35 in sales for every dollar in assets, compared to the industry average of 1.21 [6] - The company's sales are expected to grow by 5.6% this year, while the industry average is projected at 0% [7] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for Aecom, with the Zacks Consensus Estimate for the current year increasing by 1% over the past month [8] - Aecom has earned a Growth Score of B and carries a Zacks Rank 2 due to positive earnings estimate revisions, indicating potential for outperformance [10]

Revenue Performance - Revenue for the three months ended March 31, 2025, was $3,771.6 million, a decrease of $172.3 million or 4.4% compared to $3,943.9 million for the same period in 2024[142] - Revenue for the three months ended March 31, 2025 decreased by $172.3 million, or 4.4%, to $3,771.6 million compared to $3,943.9 million for the same period last year[144] - Pass-through revenues for the three months ended March 31, 2025 were $1.9 billion, representing 50% of total revenue, down from $2.1 billion and 54% in the same period last year[146] - Revenue for the Americas segment decreased by $141.9 million, or 4.7%, to $2,896.7 million for the three months ended March 31, 2025, compared to $3,038.6 million for the same period last year[168] - Revenue for the International segment decreased by $30.0 million, or 3.3%, to $874.8 million for the three months ended March 31, 2025, compared to $904.8 million for the same period last year[176] - Revenue for the Americas segment for the six months ended March 31, 2025 decreased by $68.6 million, or 1.1%, to $6,008.7 million compared to $6,077.3 million for the same period last year[169] Profitability - Gross profit increased by $29.7 million or 11.4% to $290.8 million for the three months ended March 31, 2025, compared to $261.1 million for the same period in 2024[142] - Gross profit for the three months ended March 31, 2025 increased by $29.7 million, or 11.4%, to $290.8 million, with gross profit as a percentage of revenue rising to 7.7% from 6.6%[149] - Income from operations for the three months ended March 31, 2025, was $257.6 million, an increase of $57.1 million or 28.5% compared to $200.5 million for the same period in 2024[142] - Net income attributable to AECOM from continuing operations for the three months ended March 31, 2025, was $154.0 million, an increase of $42.7 million or 38.4% compared to $111.3 million for the same period in 2024[142] - Net income attributable to AECOM for the six months ended March 31, 2025, was $129.9 million[223] Expenses and Costs - Cost of revenue for the three months ended March 31, 2025 decreased by $202.0 million, or 5.5%, to $3,480.8 million compared to $3,682.8 million for the same period last year[147] - General and administrative expenses decreased by $4.7 million or 10.5% to $40.0 million for the three months ended March 31, 2025, compared to $44.7 million for the same period in 2024[142] - Interest expense decreased by $5.4 million or 11.3% to $42.3 million for the three months ended March 31, 2025, compared to $47.7 million for the same period in 2024[142] - Income tax expense for the three months ended March 31, 2025 was $51.2 million, an increase from $45.4 million in the corresponding period last year, primarily due to an increase in pre-tax income[161] Discontinued Operations - The company reported a net loss from discontinued operations of $10.3 million for the three months ended March 31, 2025, a decrease of $99.1 million or 90.6% compared to a net loss of $109.4 million for the same period in 2024[142] - Net loss from discontinued operations for the three months ended March 31, 2025 was $10.3 million, a decrease of $99.1 million from $109.4 million for the same period last year[164] Joint Ventures - The company’s equity in earnings of joint ventures decreased by $12.7 million or 65.1% to $6.8 million for the three months ended March 31, 2025, compared to $19.5 million for the same period in 2024[142] - The company reported a loss of $2.1 million in equity earnings from joint ventures for the three months ended March 31, 2025, a decrease of $11.8 million compared to the previous year[183] Cash Flow and Working Capital - Net cash provided by operating activities increased to $341.7 million for the six months ended March 31, 2025, compared to $237.4 million for the same period in 2024, driven by a net income increase of approximately $214.1 million[188] - Net cash used in investing activities decreased to $86.0 million for the six months ended March 31, 2025, from $121.9 million in the same period of 2024[189] - Net cash used in financing activities increased to $236.4 million for the six months ended March 31, 2025, compared to $188.4 million for the same period in 2024, primarily due to a $24.4 million increase in stock repurchases[190] - Working capital increased by $113.6 million, or 14.2%, to $915.6 million at March 31, 2025, from $802.0 million at September 30, 2024[191] Debt and Interest Rates - Total debt as of March 31, 2025, was $2,546.9 million, slightly up from $2,539.8 million at September 30, 2024[195] - The average effective interest rate on total debt decreased to 5.1% for the six months ended March 31, 2025, from 5.5% for the same period in 2024[210] - If short-term floating interest rates had increased by 1.00%, interest expense for the six months ended March 31, 2025, would have increased by $4.8 million[229] Stock Repurchase and Authorizations - The company had approximately $899.2 million remaining of the Board's stock repurchase authorization as of March 31, 2025, following an increase in the authorization to $1.0 billion on November 14, 2024[138] Restructuring and Future Outlook - The company expects to spend approximately $45 million for restructuring costs in fiscal 2025, aimed at delivering continued margin improvement and efficiencies[185] - The company anticipates seasonal trends, with typically higher revenue in the last half of the fiscal year, particularly in the fourth quarter[184] Pension Plans - As of March 31, 2025, the defined benefit pension plans had an aggregate deficit of approximately $112.1 million[215] - For the year ended September 30, 2024, contributions to multiemployer pension plans amounted to $2.5 million[215] Assets and Equity - Current assets increased to $3,491.6 million as of March 31, 2025, compared to $3,405.2 million as of September 30, 2024[221] - Total liabilities decreased to $5,750.1 million as of March 31, 2025, from $5,831.1 million as of September 30, 2024[221] - Total stockholders' equity increased to $699.8 million as of March 31, 2025, compared to $607.7 million as of September 30, 2024[221]