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AECOM

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AECOM : to provide program management services for Dallas Independent School District's $3.5 billion 2020 Bond Program

05/05/2021 | 06:56am EDT

AECOM (NYSE: ACM), the world’s premier infrastructure consulting firm, today announced that it has been selected to provide program management services for Phase 1 of the $3.5 billion Dallas Independent School District (DISD) 2020 Bond Program, its fourth consecutive contract with the district. AECOM has previously provided program management services for DISD’s 2002, 2008, and 2015 Bond Programs.

“We’re excited to extend our successful, longstanding partnership with DISD and to support the roll out of this first wave of projects under the 2020 Bond Program,” said Drew Jeter, chief executive of AECOM’s global Program Management business. “As part of our Think and Act Globally strategy, a key focus for us is investing in our leading program management capabilities and expanding the advisory services we provide clients. Through collaboration across our organization, our technical and professional experts are focused on ensuring we bring forward the best of AECOM to all of our work, including this important program in Dallas.”

AECOM will provide oversight and coordination of designers, consultants, contractors, and vendors as well as estimating, scheduling, and program control services on projects encompassing the construction of new facilities and upgrades to existing facilities.

“We’re proud to be part of this important work, which will have a positive, lasting impact on students across the district for years to come,” said Travis Boone, chief executive of AECOM’s US West region. “This win demonstrates our sustained leading position in educational program management and is yet another example of how we’re providing a wide variety of services to improve critical infrastructure systems in major cities across the globe.”

DISD is the second largest public school district in Texas, serving more than 150,000 students at 226 campuses. Goals of the 2020 Bond Program include renovating or replacing aging schools, providing technology for students to learn virtually, and creating resource centers in neighborhoods identified as most in need.

About AECOM

AECOM (NYSE: ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020. See how we deliver what others can only imagine at aecom.com and @AECOM.

Forward-Looking Statements

All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Power transaction and other recent acquisitions and divestitures, including the risk that the expected benefits of such transactions or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with recent acquisitions and divestitures will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.


© Business Wire 2021
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Sales 2021 13 350 M - -
Net income 2021 294 M - -
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P/E ratio 2021 32,3x
Yield 2021 -
Capitalization 9 255 M 9 255 M -
EV / Sales 2021 0,82x
EV / Sales 2022 0,79x
Nbr of Employees 54 000
Free-Float 98,8%
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Lara Poloni President
Gaurav Kapoor Chief Financial Officer
Douglas W. Stotlar Chairman
Sarah Urbanowicz Chief Information Officer
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