DALLAS - AECOM (NYSE: ACM), a global infrastructure consulting firm, has been selected to spearhead the Susquehanna River Rail Bridge Project, tasked with replacing the century-old bridge in Maryland. This initiative is part of a broader effort to enhance rail service on the U.S. Northeast Corridor, promising increased capacity and reliability for both passenger and freight trains.
The current two-track bridge, which has been in operation for 117 years, will be replaced with two new structures. AECOM's role will encompass project management, design coordination, stakeholder engagement, and schedule oversight. The team will include a mix of local and global expertise, along with Disadvantaged Business Enterprise (DBE) firms to offer economic opportunities to socially and economically disadvantaged groups.
Bane Gaiser, AECOM's chief executive for the U.S. East and Latin America region, expressed pride in the company's ongoing partnership with Amtrak and its commitment to delivering state-of-the-art infrastructure.
AECOM, recognized as a Fortune 500 firm with $14.4 billion in revenue for the fiscal year 2023, offers a wide range of professional services that span advisory, planning, design, engineering, and management across various sectors, including transportation, buildings, water, energy, and the environment.
This article is based on a press release statement.
InvestingPro Insights
AECOM (NYSE: ACM), the global infrastructure firm at the helm of the Susquehanna River Rail Bridge Project, not only stands out for its extensive portfolio in infrastructure projects but also for its financial performance and market expectations. According to InvestingPro data, AECOM boasts a substantial market capitalization of $12.22 billion and has demonstrated a robust revenue growth of 12.31% over the last twelve months as of Q1 2024. This financial growth is accompanied by a significant gross profit of $974.45 million, indicating the company's ability to maintain profitability amidst its expansive operations.
Investors should note that AECOM is trading at a high earnings multiple, with a P/E ratio of 44.38 for the last twelve months as of Q1 2024. This reflects a market expectation of future earnings growth, aligning with an InvestingPro Tip that net income is expected to grow this year. Furthermore, AECOM's stock is known for its low price volatility, which might appeal to investors seeking stability in their portfolio.
For those considering an investment in AECOM, it's worth noting that the company is a prominent player in the Construction & Engineering industry and operates with a moderate level of debt. With additional insights available on InvestingPro, including a total of 11 InvestingPro Tips for AECOM, investors can gain a deeper understanding of the company's financial health and market position. To access these valuable insights, visit https://www.investing.com/pro/ACM and use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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