February 8, 2025

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AECOM completes sale of its Civil building business

5 min read

LOS ANGELES–(Small business WIRE)–Jan 4, 2021–

AECOM (NYSE:ACM), the world’s premier infrastructure consulting organization, these days introduced the profitable completion of its sale of the Civil construction organization to affiliate marketers of Oroco Cash, a strategic infrastructure trader. Together with the sale of the Ability design small business in October, the Firm has now exited substantially all of its self-conduct, at-danger development businesses.

AECOM also introduced that as of nowadays it has executed nearly $150 million of share repurchases because its fourth quarter fiscal 2020 earnings announcement on November 16, 2020. Considering the fact that September 2020, the Firm has executed much more than $600 million of share repurchases. As a outcome, diluted shares outstanding has been lowered by around 8%. The Enterprise has roughly $850 million of repurchase capacity remaining beneath its current $1 billion Board authorization.

“The completion of the sale of the Civil development company marks a sizeable milestone in the transformation of our enterprise profile to best placement AECOM for very long-phrase accomplishment,” explained Troy Rudd, AECOM’s main govt officer. “As international leaders in the infrastructure, natural environment and h2o marketplaces, we are poised to capitalize on our clients’ growing need for our consulting services to completely transform metropolitan areas, attain daring ESG ambitions and greater the communities we serve. With the development we have produced on our important strategic priorities, our development of our Assume and Act Globally strategy to push growth and the momentum in the enterprise, we stay fully commited to repurchasing shares in order to fully capitalize on the price generation possibility.”

Advisor

Wachtell, Lipton, Rosen & Katz served as legal advisor to AECOM in link with the transaction, and DBO Associates LLC served as its economical advisor.

About AECOM

AECOM (NYSE:ACM) is the world’s premier infrastructure consulting organization, delivering experienced solutions throughout the challenge lifecycle – from preparing, style and design and engineering to software and building administration. On initiatives spanning transportation, properties, water, electrical power and the environment, our general public- and private-sector clientele trust us to address their most complicated problems. Our teams are driven by a popular intent to supply a improved entire world as a result of our unrivaled technological know-how and innovation, a society of fairness, diversity and inclusion, and a motivation to environmental, social and governance priorities. AECOM is a Fortune 500 business and its Professional Solutions organization had income of $13.2 billion in fiscal year 2020. See how we produce what other individuals can only envision at aecom.com and @AECOM.

Forward-Seeking Statements

All statements in this communication other than statements of historical fact are “forward-wanting statements” for applications of federal and condition securities legal guidelines, together with any statements of the designs, tactics and objectives for foreseeable future operations, profitability, strategic price development, coronavirus impacts, possibility profile and financial investment procedures, and any statements about foreseeable future economic circumstances or overall performance, and the expected money and operational outcomes of AECOM. While we believe that that the expectations reflected in our forward-on the lookout statements are fair, real results could differ materially from those people projected or assumed in any of our forward-hunting statements. Important aspects that could induce our real final results, performance and achievements, or sector outcomes to differ materially from estimates or projections contained in our ahead-hunting statements include things like, but are not minimal to, the pursuing: our business is cyclical and susceptible to financial downturns and consumer spending reductions impacts prompted by the coronavirus and the related financial instability and current market volatility, which includes the reaction of governments to the coronavirus, which includes any prolonged time period of vacation, commercial or other very similar constraints, the hold off in commencement, or momentary or long-lasting halting of building, infrastructure or other initiatives, requirements that we eliminate our employees or staff from the industry for their security, and delays or reductions in planned initiatives by our governmental or industrial customers or prospective consumers losses under mounted-price contracts limited management more than operations run by means of our joint enterprise entities legal responsibility for misconduct by our staff or consultants failure to comply with laws or polices applicable to our organization protecting enough surety and monetary ability significant leverage and probable incapacity to support our debt and ensures publicity to Brexit exposure to political and financial pitfalls in diverse nations currency trade fee fluctuations retaining and recruiting key complex and management staff authorized promises inadequate insurance coverage environmental legislation compliance and adequate nuclear indemnification sudden adjustments and cancellations relevant to our backlog associates and third parties who may possibly fall short to satisfy their authorized obligations AECOM Funds authentic estate enhancement projects running pension expense cybersecurity challenges, IT outages and information privateness threats connected with the benefits and expenses of the Administration Expert services transaction, such as the threat that the predicted gains of the Management Products and services transaction or any contingent obtain cost will not be realized within the expected time frame, in full or at all the risk that fees of restructuring transactions and other costs incurred in relationship with the Management Companies transaction will exceed our estimates or usually adversely have an impact on our business enterprise or functions as effectively as other additional dangers and components that could trigger actual results to differ materially from our ahead-searching statements set forth in our studies filed with the Securities and Exchange Commission. Any ahead-seeking statements are designed as of the date hereof. We do not intend, and undertake no obligation, to update any ahead-searching assertion.

Check out source edition on businesswire.com:https://www.businesswire.com/information/property/20210104005762/en/

Get in touch with: Investor:

Will Gabrielski

Senior Vice President, Finance, Investor Relations

213.593.8208

[email protected]

Media:

Brendan Ranson-Walsh

Vice President, World-wide Communications & Corporate Responsibility

213.996.2367

[email protected]

Keyword: CALIFORNIA UNITED STATES NORTH America CANADA

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Supply: AECOM

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PUB: 01/04/2021 04:05 PM/DISC: 01/04/2021 04:05 PM

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