About Aecom

AECOM is one of the world's top engineering and design groups. The company provides planning, consulting, and construction management services for civil and infrastructure construction to government and private clients in some 150 countries. The company also provides facilities management and maintenance, logistics, IT services, and systems integration services. AECOM projects include the Mall of Oman (scheduled to open in 2019), the Hyderabad Metro Rail in India, Mercedes-Benz Stadium (future home of the Atlanta Falcons), and New York City's Second Avenue Subway. AECOM generates more than a quarter of its sales outside the US.

Operations

AECOM operates through four business segments: Design and Consulting Services (DCS), Construction Services (CS), Management Services (MS), and AECOM Capital.

DCS is the largest segment, generating more than 40% of the company's total revenue, and consists of planning, consulting, architectural, and engineering design services. CS includes construction for buildings, energy infrastructure, and industrial facilities and accounts for about 40% of sales. MS, at about 20% of revenue, includes AECOM's facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and IT services.

The company invests in real estate, infrastructure projects, and public/private partnerships through AECOM Capital.

Geographic Reach

Based in California, AECOM serves clients in about 150 countries. The company generates more than 70% of its revenue from the US, about 10% from Europe, and just less than 20% together from the Asia-Pacific region, Canada, and other areas.

It has primary office locations in the US, as well as in Australia, Hong Kong, Russia, the United Arab Emirates, and the UK.

Sales and Marketing

AECOM serves several sectors, such as transportation, facilities, environmental, energy, water, and government.

AECOM's revenue is split roughly half-and-half between private sector clients and government entities. Of the government entities contracts, half are direct contracts with US federal government agencies (Departments of Defense, Energy, Justice, and Homeland Security) and half are state and local governments, as well as foreign governments.

Financial Performance

After a breakout year in fiscal 2015 (ended September) which saw revenue more than double due to the acquisition of URS Corporation, AECOM reported a 3% drop in sales to $17.4 billion in fiscal 2016. Sales rebounded in fiscal 2017, rising 5% to $18.2 billion, on strong performance from the Construction Services segment. Construction of new sports arenas in the Americas and a high-rise residential project in New York City added about $700 million in increased revenue and the acquisition of Shimmick Construction added another $220 million. Those gains were partially offset by small declines in both the Design and Consulting Services and the Management Services segments.

AECOM's net income skyrocketed in fiscal 2017, jumping more than 250% to about $340 million on much lower acquisition and integration expenses as compared to fiscal years 2016 and 2015 ($39 million compared to $214 million and $398 million, respectively). Cash from operations fell to nearly $700 million in fiscal 2017 from $814 million the prior year on the timing of receipts and payments of working capital, as well as a $60 million cash payment related to a settled federal lawsuit.

Strategy

AECOM believes that its diversification is key to growth. It has diversified end markets, funding (50:50 private/public), and capabilities during its transition from solely engineering design to construction and then ultimately operations and maintenance. The company plans to leverage this diversification to win contracts and grow its customer base amid a time of increased infrastructure focus in Washington, DC, and across the country.

Infrastructure is truly a major target for the company, which is boosting its expertise in that area through internal investment (including the creation of a federal contracting division) and acquisitions (including the 2017 purchase of Shimmick). In addition, in mid-2017 the company announced plans to hire some 3,000 workers to support its infrastructure operations in the US and the rest of the North America.

The company is already a leader in "mega projects" worth more than $1 billion; current projects that fit that description include Hudson Yards in New York City and the Los Angeles Rams stadium.

Although AECOM's acquisition spending in 2017 and 2016 has been miniscule compared to the billions it paid for USR Corp in late 2014, growth by acquisition remains a large part of the company's strategy as it works to cement its leadership position in existing markets and enter new ones.

Mergers and Acquisitions

AECOM paid about $165 million in 2017 for heavy civil construction company Shimmick, which operates primarily in California and the western US. The purchase complements AECOM's North American offerings and better positions it to take advantage of upcoming infrastructure projects, particularly in the western US.

The previous year AECOM acquired the outstanding 50% interest in Alberta-based FT Services Limited. The acquisition strengthens the company's oil and gas business by further diversifying its end market exposure.

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Aecom

1999 Avenue Of The Stars Ste 2600
Los Angeles, CA 90067-6033
Phone: 1 (213) 593-8000
Fax: 1 (213) 593-8730

Stats

  • Employer Type: Public
  • Stock Symbol: ACM
  • Stock Exchange: NYSE
  • Chairman and CEO: Michael S. Burke
  • SVP and Chief Marketing and Communications Officer: Heather Rim
  • Vice Chairman: Daniel R. Tishman
  • 2017 Employees: 87,000

Major Office Locations

  • Los Angeles, CA

Other Locations

  • Anchorage, AK
  • Fairbanks, AK
  • Homer, AK
  • Anniston, AL
  • Birmingham, AL
  • Daleville, AL
  • Fort Rucker, AL
  • Huntsville, AL
  • Mobile, AL
  • Montgomery, AL
  • Little Rock, AR
  • Phoenix, AZ
  • Prescott Valley, AZ
  • Tempe, AZ
  • Tucson, AZ
  • Anaheim, CA
  • Bakersfield, CA
  • Camarillo, CA
  • Chico, CA
  • Concord, CA
  • Encino, CA
  • Fresno, CA
  • Goleta, CA
  • Hayward, CA
  • Herlong, CA
  • Hermosa Beach, CA
  • Irvine, CA
  • La Jolla, CA
  • Lancaster, CA
  • Long Beach, CA
  • Oakland, CA
  • Ontario, CA
  • Orange, CA
  • Riverside, CA
  • Sacramento, CA
  • San Diego, CA
  • San Francisco, CA
  • San Jose, CA
  • Santa Barbara, CA
  • Santa Fe Springs, CA
  • Santa Maria, CA
  • Tustin, CA
  • Colorado Springs, CO
  • Denver, CO
  • Durango, CO
  • Erie, CO
  • Fort Collins, CO
  • Frederick, CO
  • Greenwood Village, CO
  • Rangely, CO
  • Groton, CT
  • New London, CT
  • Newtown, CT
  • Rocky Hill, CT
  • Washington, DC
  • Millsboro, DE
  • Newark, DE
  • Wilmington, DE
  • Bartow, FL
  • Boca Raton, FL
  • Coral Gables, FL
  • Deland, FL
  • Doral, FL
  • Fort Myers, FL
  • Hollywood, FL
  • Jacksonville, FL
  • Kennedy Space Center, FL
  • Lake Buena Vista, FL
  • Leesburg, FL
  • Miami, FL
  • Miami Gardens, FL
  • Milton, FL
  • Miramar, FL
  • Naples, FL
  • New Smyrna Beach, FL
  • Orlando, FL
  • Panama City, FL
  • Panama City Beach, FL
  • Santa Rosa Beach, FL
  • Sarasota, FL
  • Tallahassee, FL
  • Tampa, FL
  • Wauchula, FL
  • West Palm Beach, FL
  • Albany, GA
  • Atlanta, GA
  • Savannah, GA
  • Hilo, HI
  • Honolulu, HI
  • Schofield Barracks, HI
  • Wailuku, HI
  • Des Moines, IA
  • Meridian, ID
  • Soda Springs, ID
  • Chicago, IL
  • Decatur, IL
  • Hartford, IL
  • Peoria, IL
  • Rock Island, IL
  • Warrenville, IL
  • Bedford, IN
  • Bloomington, IN
  • Indianapolis, IN
  • Odon, IN
  • Edmonton, KY
  • Louisville, KY
  • Oak Grove, KY
  • West Paducah, KY
  • Baton Rouge, LA
  • Lake Charles, LA
  • New Orleans, LA
  • Shreveport, LA
  • Boston, MA
  • Cambridge, MA
  • Charlestown, MA
  • Harvard, MA
  • Lynn, MA
  • Pittsfield, MA
  • Pocasset, MA
  • Waltham, MA
  • Westford, MA
  • Woburn, MA
  • Aber Prov Grd, MD
  • Annapolis, MD
  • Annapolis Junction, MD
  • Baltimore, MD
  • Bethesda, MD
  • Germantown, MD
  • Hunt Valley, MD
  • Ijamsville, MD
  • Lexington Park, MD
  • Portland, ME
  • South Portland, ME
  • Ann Arbor, MI
  • Bay City, MI
  • Detroit, MI
  • Flint, MI
  • Grand Rapids, MI
  • Grosse Ile, MI
  • Kalamazoo, MI
  • Livonia, MI
  • Marquette, MI
  • Menominee, MI
  • Midland, MI
  • Mio, MI
  • Paw Paw, MI
  • Rockwood, MI
  • Southfield, MI
  • Traverse City, MI
  • Duluth, MN
  • Minneapolis, MN
  • Kansas City, MO
  • Saint Louis, MO
  • Springfield, MO
  • Wildwood, MO
  • Hattiesburg, MS
  • Jackson, MS
  • Billings, MT
  • Helena, MT
  • Charlotte, NC
  • Elizabeth City, NC
  • Morrisville, NC
  • Raleigh, NC
  • West End, NC
  • Wilmington, NC
  • Bismarck, ND
  • Williston, ND
  • Omaha, NE
  • Manchester, NH
  • Atlantic City, NJ
  • Burlington, NJ
  • Clifton, NJ
  • Cranford, NJ
  • Lakehurst, NJ
  • Maple Shade, NJ
  • Piscataway, NJ
  • Totowa, NJ
  • Albuquerque, NM
  • Farmington, NM
  • Los Alamos, NM
  • Las Vegas, NV
  • Amherst, NY
  • Buffalo, NY
  • Chestnut Ridge, NY
  • Fort Edward, NY
  • Halfmoon, NY
  • Howard Beach, NY
  • New York, NY
  • Syracuse, NY
  • Akron, OH
  • Batavia, OH
  • Cincinnati, OH
  • Cleveland, OH
  • Columbus, OH
  • Dayton, OH
  • Delta, OH
  • Dublin, OH
  • Franklin, OH
  • Gahanna, OH
  • Toledo, OH
  • Ratliff City, OK
  • Albany, OR
  • Bend, OR
  • Portland, OR
  • Blue Bell, PA
  • Conshohocken, PA
  • Erie, PA
  • Mechanicsburg, PA
  • Philadelphia, PA
  • Pittsburgh, PA
  • Williamsport, PA
  • Newport, RI
  • Providence, RI
  • Aiken, SC
  • Columbia, SC
  • Florence, SC
  • Fort Mill, SC
  • Greenville, SC
  • North Charleston, SC
  • Rapid City, SD
  • Chattanooga, TN
  • Clarksville, TN
  • Franklin, TN
  • Oak Ridge, TN
  • Arlington, TX
  • Austin, TX
  • Corpus Christi, TX
  • Dallas, TX
  • Fairfield, TX
  • Fort Worth, TX
  • Freeport, TX
  • George West, TX
  • Haslet, TX
  • Houston, TX
  • Mission, TX
  • New Boston, TX
  • Odessa, TX
  • Pleasanton, TX
  • San Antonio, TX
  • Texarkana, TX
  • Waller, TX
  • Hill Air Force Base, UT
  • Murray, UT
  • Salt Lake City, UT
  • Vernal, UT
  • Alexandria, VA
  • Arlington, VA
  • Chantilly, VA
  • Dahlgren, VA
  • Dulles, VA
  • Fort Belvoir, VA
  • Glen Allen, VA
  • Herndon, VA
  • Lynchburg, VA
  • Manassas, VA
  • Norfolk, VA
  • Richmond, VA
  • Roanoke, VA
  • Springfield, VA
  • Valentines, VA
  • Virginia Beach, VA
  • Bellingham, WA
  • Graham, WA
  • Kent, WA
  • Kingston, WA
  • Seattle, WA
  • Spokane, WA
  • Green Bay, WI
  • Middleton, WI
  • Milwaukee, WI
  • Oshkosh, WI
  • Sheboygan, WI
  • Stevens Point, WI
  • Bridgeport, WV
  • Charleston, WV
  • Harpers Ferry, WV
  • Kenova, WV
  • Morgantown, WV
  • Casper, WY
  • Gillette, WY
  • Alida, Canada
  • Barrie, Canada
  • Bonnyville, Canada
  • Bracebridge, Canada
  • Brooks, Canada
  • Burnaby, Canada
  • Calgary, Canada
  • Carlyle, Canada
  • Châteauguay, Canada
  • Chicoutimi, Canada
  • Clairmont, Canada
  • Cobalt, Canada
  • Cobourg, Canada
  • Cold Lake, Canada
  • Coquitlam, Canada
  • Côte Saint-Luc, Canada
  • Dawson Creek, Canada
  • Devon, Canada
  • Edmonton, Canada
  • Edson, Canada
  • Emerald Park, Canada
  • Etobicoke, Canada
  • Fairview, Canada
  • Fort Mcmurray, Canada
  • Fort St. John, Canada
  • Gatineau, Canada
  • Gloucester, Canada
  • Grande Prairie, Canada
  • Guelph, Canada
  • Halbrite, Canada
  • Halifax, Canada
  • Hamilton, Canada
  • Hinton, Canada
  • Kelowna, Canada
  • Kingston, Canada
  • Kitchener, Canada
  • Kitimat, Canada
  • Lethbridge, Canada
  • Lévis, Canada
  • Lloydminster, Canada
  • London, Canada
  • Longueuil, Canada
  • Macklin, Canada
  • Markham, Canada
  • Medicine Hat, Canada
  • Mississauga, Canada
  • Montréal, Canada
  • Newmarket, Canada
  • Nisku, Canada
  • North Bay, Canada
  • North York, Canada
  • Oakville, Canada
  • Olds, Canada
  • Ottawa, Canada
  • Peace River, Canada
  • Québec, Canada
  • Rainbow Lake, Canada
  • Red Deer, Canada
  • Redcliff, Canada
  • Regina, Canada
  • Rivière-Du-Loup, Canada
  • Rouyn-Noranda, Canada
  • Saint-Jérôme, Canada
  • Saskatoon, Canada
  • Sault Ste. Marie, Canada
  • Shaunavon, Canada
  • Sherwood Park, Canada
  • Sparwood, Canada
  • St Catharines, Canada
  • Sudbury, Canada
  • Swift Current, Canada
  • Sydney, Canada
  • Thornhill, Canada
  • Trois-Rivières, Canada
  • Vancouver, Canada
  • Victoria, Canada
  • Virden, Canada
  • Wainwright, Canada
  • Whitby, Canada
  • White City, Canada
  • Whitecourt, Canada
  • Whitehorse, Canada
  • Windsor, Canada
  • Winnipeg, Canada
  • Yellowknife, Canada
  • Altrincham, England
  • Birmingham, England
  • Bradford, England
  • Bristol, England
  • Croydon, England
  • Exeter, England
  • Leeds, England
  • Liverpool, England
  • Newcastle-Upon-Tyne, England
  • Norwich, England
  • Peterborough, England
  • Aix En Provence, France
  • Lyon, France
  • Obernai, France
  • Pessac, France
  • Wasquehal, France
  • Neu-Isenburg, Germany
  • Auckland, New Zealand
  • Belfast, Northern Ireland
  • Moscow, Russia
  • Sergiev Posad, Russia
  • Edinburgh, Scotland
  • Glasgow, Scotland
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