News & Events zu AECOM (ACM)ACMAECOM

AECOM Appointed Design Partner for Warkworth to Te Hana Project in New Zealand

AECOM announced its appointment as design partner for the Warkworth to Te Hana project in New Zealand, partnering with ACCIONA as the lead contractor. The project forms Section One of three nationally significant roads along the broader Northland Corridor Program, a new 100-kilometer motorway connecting Auckland to Whangrei. Once complete, the project will upgrade the existing State Highway 1 into a higher-standard, safe and more resilient motorway.

AECOM Reports Q3 Revenue of $3.59B, Below Expectations

Reports Q3 revenue $3.59B, consensus $4.36B. "We are disappointed by the loss we took this quarter on the Construction Management project," said Troy Rudd, AECOM's chairman and chief executive officer. "The project is nearing completion, but lower subcontractor productivity is driving a delayed completion and a higher estimated cost to complete. This project was bid in 2019 under terms and conditions that would not clear our substantially transformed risk processes today. Beyond this, the quarter included several key highlights, including record wins and an all-time high backlog, which make us very confident in the health of the business."

Company Reaffirms Long-Term Financial Targets, Expects 20%+ Margin by Fiscal 2028

In addition, the company reaffirmed its long-term financial targets, which includes its expectation to deliver a 20%+ margin exit rate by fiscal 2028 and to grow adjusted EPS at a 15%+ CAGR from fiscal 2026 to fiscal 2029, excluding the Construction Management charge.