Aecom Technology Co.

AECOM has been appointed design partner for the “Warkworth to Te Hana” project and is working with main contractor ACCIONA within the Northway Consortium. The scheme is the first of three sections of the Northland Corridor Program to convert State Highway 1 into a motorway; the design includes new interchanges, improved curve radii, sightlines and adjusted gradients, as well as measures to increase resilience to flooding, landslides and extreme weather. AECOM is deploying local and international specialists and plans to reuse on-site materials to reduce import requirements, waste, transport effort and grey emissions; reported revenue FY2025: USD 16.1 billion. » Altro su de.investing.com

The Aecom share rose intraday by around 2.7% after the flooding disaster in Nepal, which left at least 489 dead, raised expectations of extensive reconstruction efforts and potential contracts worth at least USD 5 billion. AECOM, with an order backlog of about USD 21 billion and expertise in disaster relief and large projects, is seen as a potential bidder for multilaterally financed contracts. The rally comes despite a recently disclosed pre-tax charge of USD 337 million and a lowered price target from Baird, while the company reaffirms its long-term margin targets through 2028 and international donors’ financial commitments will be decisive for tenders. » Altro su de.investing.com

AECOM reported an all-time high backlog and record quarterly bookings, with a company-wide book-to-burn ratio of 1.6 and adjusted EBITDA and EPS rising when excluding one-time items. The quarter included a $337 million pretax charge tied to a delayed construction management project that pushed completion into late Q2 fiscal 2027, reduced headline results, and used $185 million of cash. Management expects the project to continue consuming cash through H1 fiscal 2027 and forecast higher 2027 interest expense; the firm retains $2 billion of undrawn capacity and raised its full-year adjusted EBITDA margin outlook to 17.4%. » Altro su finance.yahoo.com