$ACM (AECOM)

$ACM {{ '2016-08-09T16:58:30+0000' | timeago}} • Webcast

Steven Fisher of UBS asks about growth in the Americas Design business. $ACM said it has completed restructuring in this business and has seen good organic growth this year. The Pipeline Transportation unit provides good opportunities. The company cannot give specifics for revenue but believes there is good momentum going forward.

$ACM {{ '2017-11-13T12:46:00+0000' | timeago}} • Announcement

$ACM's wins during 4Q17 were $4.9Bil, which resulted in a book-to-burn ratio of 0.9. Total backlog increased 11% over the prior-year period to $47.5Bil.

$ACM {{ '2017-11-13T12:43:31+0000' | timeago}} • Announcement

For FY18, $ACM expects its adjusted EPS to be in the range of $2.50 - 2.90 and free cash flow to be approx. $600-800MM. Additionally, the company has reduced its total debt by $1.4Bil, since the closing of the URS acquisition in Oct 2014.

$ACM {{ '2017-11-13T12:34:59+0000' | timeago}} • Announcement

Engineering firm $ACM reported a jump in its 4Q17 earnings, on a 12% growth in revenue. Net income grew to $88.4MM, or $0.55 per share, compared to $7.2MM, or $0.05 per share during 4Q16. Adj. EPS was $0.74. Revenue rose to $4.85Bil from $4.32Bil during 4Q16.

$ACM {{ '2017-09-21T21:29:17+0000' | timeago}} • Announcement

$ACM announced a formalized capital allocation policy that provides specificity on intended future uses of capital, including the authorization by its BoD of a new $1Bil stock repurchase program. The company intends to return substantially all free cash flow to investors through the new repurchase authorization.

$ACM {{ '2017-07-06T22:04:42+0000' | timeago}} • Announcement

$ACM has agreed to acquire Shimmick Construction for $175MM. The acquisition is expected to close in $ACM’s 4Q17 and is expected to be accretive to adjusted EPS upon closing. Shimmick generates approx. $300MM of revenue annually and has a total backlog of approx. $1.35Bil.

$ACM {{ '2017-06-28T20:32:13+0000' | timeago}} • Announcement

$ACM appointed Randall Wotring as COO, effective July 1, 2017. The company said Stephen Kadenacy is leaving his position as president and COO. Kadenacy's departure is not related to any adverse change in the company's business.

$ACM {{ '2017-05-26T17:18:41+0000' | timeago}} • Announcement

$ACM launched an offer to exchange new registered notes for the outstanding unregistered notes that it issued in February 2017 in a private placement.  $ACM is offering to exchange $1Bil of its newly issued 5.125% senior notes due 2027 for a like principal amount of its outstanding 5.125% senior notes due 2027.

$ACM {{ '2017-05-09T13:51:05+0000' | timeago}} • Announcement

In 2Q17, $ACM's revenue from Design & Consulting Services segment was down 3% to $1.9Bil, while that from Construction Services segment was up 12% to $1.7Bil. Revenue from Management Services segment declined 8% to $827MM.

$ACM {{ '2017-05-09T13:46:32+0000' | timeago}} • Announcement

$ACM reiterated FY17 adjusted EPS guidance of $2.80 to $3.20, which includes approx $0.20 of anticipated gains related to AECOM capital realizations at the mid-point of the range. It sees $36MM of acquisition and integration expenses during the period, and capex is predicted to be approx $115MM.

$ACM {{ '2017-05-09T13:42:17+0000' | timeago}} • Announcement

$ACM's wins during 2Q17 were $3.4Bil, an increase of 10% YoY. Total backlog increased 4% YoY to $42.4Bil. The company’s backlog is expected to reflect the $3.6Bil Management Services award upon resolution of a protest by the incumbent contractor.

$ACM {{ '2017-05-09T13:39:45+0000' | timeago}} • Announcement

Engineering company $ACM posted net income that more than doubled to $102.3MM, or $0.65 per share in 2Q17. Net revenue inched up 1% to $4.42Bil, while adjusted net income stood at $0.89 per share.

$ACM {{ '2017-04-03T12:58:57+0000' | timeago}} • Announcement

$ACM said AECOM Capital has entered into a definitive agreement to sell its equity interest in its first investment. The transaction is expected to close in 3Q17, subject to closing and other financial conditions, and will contribute approx. $0.17 to EPS in that quarter.

$ACM {{ '2017-02-16T14:51:23+0000' | timeago}} • Announcement

$ACM priced its offering of $1Bil of its senior notes due 2027. The senior notes will pay interest semiannually at a rate of 5.125% and will mature on March 15, 2027, unless earlier redeemed. $ACM expects to close the sale of the senior notes on or about Feb. 21, 2017.

$ACM {{ '2016-12-20T14:12:51+0000' | timeago}} • Webcast

$ACM and EnergySolutions, a nuclear waste management & decommissioning services firm, JV wins decommissioning general contract for San Onofre Nuclear Generating Station, SONGS Decommissioning Solutions, by Southern California Edison. The value of the contract will be included in $ACM's backlog for 1Q17.

$ACM {{ '2016-11-14T18:00:55+0000' | timeago}} • Webcast

$ACM said it is on track to begin realizing gains on its first $200MM fund in FY17. The company is exploring opportunities to expand the size and scope into new market sectors.

$ACM {{ '2016-11-14T17:52:43+0000' | timeago}} • Webcast

$ACM said it is growing pipeline of pursuits that leverage its design, build, finance, and operate capabilities. This includes $7Bil of combined pursuits led by Construction Services business alone.

$ACM {{ '2016-11-14T17:43:48+0000' | timeago}} • Webcast

$ACM expects FY17 free cash flow to be in the range of $600-800MM, which will drive additional debt reduction. Management Services operating margin is expected to be about 7%.

$ACM {{ '2016-11-14T17:42:23+0000' | timeago}} • Webcast

$ACM's Design and Consulting Services revenue was $1.9Bil, down 3.7% from a year ago, hurt by a decline in the Americas. Construction Services revenue decreased 13% to $1.6Bil and Management Services revenue fell 3% to $857MM.

$ACM {{ '2016-11-14T17:31:26+0000' | timeago}} • Webcast

$ACM's total wins in the quarter was $6.3Bil, resulting in a book-to-burn ratio of 1.4. The wins were helped by broad success in the Americas Design market and the selection to build the NFL Rams stadium in Los Angeles. Total backlog increased 4% to $42.8Bil.

$ACM {{ '2016-11-14T12:44:50+0000' | timeago}} • Announcement

$ACM said Stephen Kadenacy, in addition to his existing operational duties as president, has been given the added title of COO. Kadenacy will continue to be responsible for $ACM's global operations, and oversee strategy and mergers and acquisitions.

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