AECOM Technology (ACM) reiterates long-term financial targets

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AECOM reiterates long-term financial forecast at 2019 Investor Day

December 11, 2018 8:30 AM EST

LOS ANGELES--(BUSINESS WIRE)-- AECOM (NYSE: ACM), a premier, fully integrated global infrastructure firm, will hold its Investor Day in New York City today, at which the Company is reiterating its long-term financial targets through fiscal 2022. This positive outlook reflects a strong foundation for growth exiting fiscal 2018, including a record backlog and end market and business development momentum. In addition, the Companys outlook is benefitting from recently-announced strategic actions, including a substantial $225 million reduction in G&A and ongoing efforts to prioritize investments to higher-margin and lower-risk opportunities.

Accordingly, AECOMs long-term financial... More