Environmental remediation services

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ACM Stock Gains on Optimized Remediation Contract Win From USACE
ZACKS· 2025-05-28 16:16
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].
Zefiro Methane Corp. Subsidiary Secures Additional Plugging Contracts from State Government of Ohio
GlobeNewswire News Room· 2025-05-02 13:00
Core Viewpoint - Zefiro Methane Corp. has secured multiple new contracts for environmental remediation services, particularly in oil and gas well plugging, indicating a growing demand for its services in key markets across the United States [1][6]. Group 1: New Contracts and Projects - Zefiro's subsidiary, Plants & Goodwin, Inc. (P&G), has obtained contracts from the Ohio government for ten wells in Ashtabula County, under the Ohio Department of Natural Resources [1]. - In January, P&G was awarded eight state-funded well remediation projects in Ohio, involving a total of 50 oil and gas wells, with 28 already plugged [1]. - P&G has also secured environmental remediation contracts in Pennsylvania, including a new account, to plug 15 oil and gas wells [2]. Group 2: Recent Achievements - P&G recently completed a package of Pennsylvania-funded oil and gas well remediation projects, plugging 18 wells in Clarion County, including a site that was releasing toxins into a water supply, costing nearly $500,000 to remediate [3]. - Zefiro continues to perform remediation work across the Appalachian region, addressing the issue of unplugged oil and gas wells that may emit methane [5]. Group 3: Company Strategy and Market Position - The CEO of Zefiro highlighted the increasing demand for the company's environmental remediation services and the expansion of its client base across Appalachia [6]. - Zefiro aims to provide innovative, market-based solutions to tackle public health issues related to methane emissions from oil and gas wells [6]. - The company is focused on building a fully integrated operation to address methane leaks and generate long-term economic, environmental, and social returns [8].
Parsons(PSN) - 2025 Q1 - Earnings Call Presentation
2025-04-30 10:38
FIRST QUARTER 2025 Earnings Conference Call Presentation April 30, 2025 FORWARD LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs, and assumptions, and are not guarantees of future performance. Forward-looking statem ...