Recent Updates — ACM

AECOM's Board of Directors declared a quarterly cash dividend of $0.31 per share, payable on October 30, 2026 to stockholders of record as of the close of business on October 14, 2026. This declaration is part of the company’s ongoing quarterly dividend program. AECOM operates in the professional services industry, providing infrastructure planning, design, engineering, and construction management solutions globally.

AECOM announced that Chief Legal Officer David Gan will retire from the company. Mr. Gan will remain in his role through October 2, 2026, serving as Senior Advisor until his full retirement in the second half of 2027. He will retain his base salary but will not participate in annual or long-term incentive programs for fiscal year 2027. Manav Kumar, currently General Counsel and Corporate and Global Head of Public Affairs, succeeds Mr. Gan as Chief Legal Officer effective October 2, 2026. AECOM provides infrastructure consulting and professional services to public and private sector clients.

AECOM reported a third-quarter fiscal 2026 net loss of $84 million, or $0.65 diluted EPS, driven by a $337 million pre-tax charge related to cost overruns on a Construction Management project awarded in 2019. Revenue declined 14% year-over-year to $3.59 billion, while Net Service Revenue remained flat. Excluding the project impact, adjusted EBITDA was $329 million and adjusted EPS was $1.49. Total backlog reached a record $27.8 billion, up 13%, supported by a 1.6 book-to-burn ratio. The company updated its full-year fiscal 2026 guidance, lowering free cash flow expectations to approximately $300 million and adjusting EPS estimates to between $3.95 and $4.15 due to the project charge and delayed starts in Construction Management. AECOM operates as a global infrastructure professional services firm providing advisory, planning, design, engineering, and construction management solutions.

AECOM entered into a $500 million revolving credit facility agreement with Bank of America, N.A. as administrative agent and swing line lender, maturing on June 9, 2028. The facility is secured by a lien on substantially all assets of the borrowers and subsidiary guarantors, and requires AECOM to maintain a consolidated leverage ratio of 4.00 to 1.00 or less. AECOM is an infrastructure solutions provider operating in the professional services industry.