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perhaps...I'm more conservative and I'd wait for a close > 29.50 on decisive volume before I'd go long.
early buy signal. Then the channel breakout??
Indeed it is!
but the OBV IS LOOKING real good
This is still a co in acquisition mode, so it may drift till they spend all the 700 mm IPO $$
I agree with your overall assessment max2205. The significant nonconfirming element is volume. I like to see expanding volume with a turnaround and that's not the case--yet.
might be visiting 25 here soon based on the chart... Hope it holds
AECOM announces $63.6 million contract with U.S. Department of Defense
Wednesday December 5, 7:10 am ET
Maintenance support services contract represents option exercised on $254.3 million agreement to support U.S. Army
LOS ANGELES--(BUSINESS WIRE)--AECOM Technology Corporation (NYSE: ACM - News), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has been awarded a $63.6 million contract by the U.S. Department of Defense (U.S. DOD) for maintenance support services in Iraq.
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This award represents the first option exercised by the U.S. Army on a cost-plus-fixed-fee and cost-reimbursable contract with a potential value of up to $254.3 million for maintenance support services at various locations in Iraq. Under the terms of the original contract, which was announced in June, there is a base period and three renewable options. The two remaining renewal options are expected to be decided in June and December
Aecom Technology (ACM - Cramer's Take - Stockpickr) upgraded at Merrill to Buy. $32 price target. Stock has sold off along with the rest of the sector, and the non-residential cycle in the US remains strong.
AECOM Announces Contract with Libya Housing and Infrastructure Board with Potential Value of $574 Million
Thursday December 13, 8:31 am ET
AECOM selected to lead program management department, nation-wide housing and infrastructure development program
LOS ANGELES--(BUSINESS WIRE)--AECOM Technology Corporation (NYSE: ACM - News), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has signed a five-year contract which authorizes the initial two years for $201 million and contains three additional option years for a potential total value of $574 million. AECOM will lead the Program Management Department for the Great Socialist People’s Libyan Arab Jamahiriya Housing and Infrastructure Board (HIB).
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This announcement establishes AECOM as the main advisor for the Libyan HIB for major cities throughout the country. According to the master agreement, AECOM will serve as the overall program manager of the HIB capital budget program – a comprehensive housing and infrastructure development program for Libya that will create an enhanced environment for its citizens and visitors – which the HIB has indicated has a total value of approximately US $50 billion.
AECOM was selected for the initial phase of this housing and infrastructure enhancement project in August. Today’s announcement reflects a multi-year agreement that includes two base years totaling $201 million and three option years. The total potential value of this contract is up to $574 million over five years.
The scope of this effort on the part of the Libyan HIB includes the construction of new housing and infrastructure systems for all major cities in Libya; urban design and development; housing units and residential settlements; upgrades to existing infrastructure, roads, highways, bridges, water, wastewater and other utility systems; and environmentally focused sustainable processes.
“This new agreement with AECOM reflects the significant commitment that Libya has made to improve our national housing and infrastructure,” said Abu Zaid Dorda, chairman, Libyan HIB. “We have a unique opportunity to enhance the quality of life for our people and the economic potential for our country through this major housing and infrastructure development initiative.”
The project scope also includes the knowledge transfer and training of over 100 HIB executives, engineers, and technical specialists at AECOM global offices on program management, construction management and inspection, and planning and design.
“We are delighted to advance our partnership with AECOM, and its global network of expertise and resources, as we move forward in this exciting and historic period for our nation,” Dorda added.
According to Dorda, AECOM will lead the HIB’s Program Management Department, including its more than 250 professionals, and all outside consultant firms retained for specific planning, design, and construction management roles.
Specific responsibilities will include reviewing designs, plans, and studies submitted to the HIB; assessment and review of current and ongoing design and construction projects; coordination and integration of master plans for urban areas; management of the preparation of detailed plans and studies for housing, water systems, sewage systems, storm sewer systems, roads, bridges, transit systems, and traffic systems for a number of large cities; management of the procurement and contracting programs; and the establishment of management and control networks for all related projects.
“AECOM is honored to be selected by the Libyan Housing and Infrastructure Board for this very important program,” said John M. Dionisio, AECOM president and chief executive officer. “AECOM’s mission is to enhance and sustain the world’s built, natural and social environments. This partnership exemplifies our commitment to this mission, which will significantly improve the quality of life for the Libyan people.”
About AECOM
AECOM (NYSE: ACM - News) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy. With more than 32,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that enhance and sustain the world's built, natural and social environments. AECOM serves clients in more than 60 countries and had revenue of $4.2 billion during fiscal year 2007. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release 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 the Libyan Housing and Infrastructure Board capital budget program, our future operations and any statements regarding future economic conditions or performance. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our annual report on Form 10-K for the fiscal year ended September 30, 2007, and our other reports filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
NR 07-1202
Contact:
AECOM Technology Corporation
Paul Gennaro, 212-973-3167
SVP & Chief Communications Officer
paul.gennaro@aecom.com
--------------------------------------------------------------------------------
Source: AECOM Technology Corporation
looks like it maybe good to go here. Love to see the upper channel broken before I am all in. Check ibox chart. Gltya
Brutal day huh?.... on 2nd thought the sto is not confirming this new low so I will reenter 20% EOD..nice chart
Thanks max2205.
My support target is twofold. S1 is the upper trend line on the below chart. Otherwise, S2 target is 23.
24 - 26...check STO in ibox chart....i would rather see the STO move below 20 to confirm a bottom...not required
Q4 is always aecom's best quarter and they'vebought 3 or 4 firms so far..maybe the street wants to let those cost filter through..IDK
Where do you see support at max2205?
ACM -4% to 29 so far on Earnings report
Press Release Source: AECOM Technology Corporation
AECOM Reports Strong Net Income, Revenue, Backlog for Fourth Quarter, Full Year Fiscal 2007
Tuesday November 27, 7:02 am ET
AECOM reports fourth-quarter diluted EPS of 29 cents on revenue of $1.11 billion and full-year diluted EPS of $1.15 on revenue of $4.2 billion
-- Fourth-quarter diluted earnings per share of 29 cents.
-- Full-year diluted earnings per share of $1.15.
-- Net income for fourth quarter increased 89.2% year over year to $29.4 million.
-- Net income for year ended September 30 increased 86.8% year over year to $100.3 million.
-- Revenue for fourth quarter increased 23.2% year over year to $1.1 billion.
-- Revenue for year ended September 30 increased 23.8% year over year to $4.2 billion.
-- Cash flow from operations increased by 13% to $137 million for year ended September 30, 2007.
-- Backlog and Selected-Not-Booked at September 30 increased 25.6% year over year to $6.0 billion.
-- Diluted earnings-per-share range outlook of $1.19 to $1.26 provided for full fiscal year 2008.
LOS ANGELES--(BUSINESS WIRE)--AECOM Technology Corporation (NYSE: ACM - News), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today its financial results for the fourth quarter and full fiscal year ended September 30, 2007.
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AECOM reported net earnings of $29.4 million for the fourth quarter, or diluted earnings per share (EPS) of $0.29. This represents an increase of 89.2% over net earnings of $15.5 million for the same period last year.
Fourth-quarter revenue increased to $1.1 billion, 23.2% higher than the fourth quarter of fiscal year 2006.
For the full fiscal year 2007, AECOM reported net earnings of $100.3 million, or diluted EPS of $1.15. This represents an increase of 86.8% over net earnings of $53.7 million last year. Revenue for the year was $4.2 billion – 23.8% higher than fiscal year 2006.
AECOM’s gross revenue includes a significant amount of pass-through costs and, therefore, the company believes that revenue, net of other direct costs, which is a non-GAAP measure, also provides a valuable perspective on its business results. AECOM’s revenue, net of other direct costs for the three months ended Sept. 30, 2007, increased 32.2% to $669.0 million. For the full fiscal year 2007, the company’s revenue, net of other direct costs increased 26.6% to $2,405.3 million.
“Our results were marked by solid, sustained growth across our practice areas and throughout our global operations,” said John M. Dionisio, AECOM president and chief executive officer. “The growing global infrastructure market is fueling our strong end markets, particularly outside of the U.S. We continue to leverage AECOM’s market and geographic diversification to drive organic growth as well as the acquisitive growth that is a hallmark of our business model.”
Business Segments
In addition to providing consolidated financial results, AECOM reports separate financial information for its two segments: Professional Technical Services (PTS) and Management Support Services (MSS).
Professional Technical Services
The PTS segment delivers planning, consulting, architecture and engineering design, and program and construction management services to institutional, commercial and government clients worldwide.
For the fourth quarter of fiscal 2007, the PTS segment reported revenue of $917.2 million and operating income of $52.0 million, compared to revenue of $733.4 million and operating income of $37.9 million for the same period during fiscal year 2006. For the full year, the PTS segment reported revenue of $3.4 billion and operating income of $176.1 million, compared to revenue of $2.8 billion and operating income of $123.3 million during fiscal year 2006.
PTS revenue, net of other direct costs increased 32.6% for the three months ended Sept. 30, 2007, to $639.3 million. For the full fiscal year 2007, PTS revenue, net of other direct costs increased 27.3% to $2,295.7 million.
Management Support Services
The MSS segment provides facilities management and maintenance, training, logistics, consulting, technical assistance and systems integration services, primarily for agencies of the U.S. government.
For the fourth quarter of fiscal year 2007, the MSS segment reported revenue of $197.1 million and operating income of $6.5 million, compared to revenue of $170.8 million and operating income of $6.3 million for the same period during fiscal year 2006. For the full year, the MSS segment reported revenue of $818.6 million and operating income of $28.6 million, compared to revenue of $647.2 million and operating income of $22.9 million during fiscal year 2006.
MSS revenue, net of other direct costs increased 23.6% for the three months ended Sept. 30, 2007, to $29.7 million. For the full fiscal year 2007, MSS revenue, net of other direct costs increased 13.3% to $109.6 million.
Outlook
AECOM announced backlog and selected-not-booked results totaling $6.0 billion at September 30, 2007, a 25.6% increase year over year.
“Our robust market activity continues to grow globally, as we win projects at a strong pace,” said Michael S. Burke, AECOM executive vice president, chief corporate officer and chief financial officer. “Our non-U.S. revenue growth rate continues to thrive at 38% – far outpacing our already-strong 19% growth rate within the U.S. Based on these results, we expect our fully diluted earnings per share results for fiscal year 2008 to be in the range of $1.19 to $1.26.”
AECOM is hosting a conference call today at 11 a.m. EST, during which management will make a brief presentation focusing on the company's results, strategies and operating trends. Interested parties can listen to the conference call and view accompanying slides via webcast on the Internet at www.aecom.com. The webcast will be available for replay following the call.
About AECOM
AECOM (NYSE: ACM - News) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy. With more than 32,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that enhance and sustain the world’s built, natural and social environments. AECOM serves clients in more than 60 countries and had revenue of $4.2 billion during fiscal year 2007. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any projections of earnings or other financial items; any statements of the plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance. 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 forward-looking statements include: uncertainties related to funding, audits, modifications and termination of long-term government contracts; losses under fixed-price contracts; limited control over operations run through our joint venture entities; misconduct by our employees or consultants or our failure to comply with laws or regulations; failure to successfully execute our merger and acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in our reports filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
AECOM Technology Corporation
Condensed Consolidated Statement of Income
(in thousands, except per share data)
Three Months Ended Twelve Months Ended
September
30, 2007
September
30, 2006
September
30, 2007
September
30, 2006
Revenue $ 1,114,356 $ 904,279 $ 4,237,270 $ 3,421,492
Other direct costs 445,394 398,305 1,832,001 1,521,775
Revenue, net of other direct costs 668,962 505,974 2,405,269 1,899,717
Cost of revenue, net of other direct costs 352,165 262,133 1,244,091 993,909
Gross profit 316,797 243,841 1,161,178 905,808
Equity in earnings of joint ventures 4,200 2,437 11,828 6,554
General and administrative expenses 278,692 217,792 1,017,067 808,953
Income from operations 42,305 28,486 155,939 103,409
Minority interest in share of earnings 7,346 5,421 16,404 13,924
Gain on sale of equity investment - - 11,286 -
Interest expense – net (6,294 ) 258 3,321 10,576
Income before income tax expense 41,253 22,807 147,500 78,909
Income tax expense 11,860 7,270 47,203 25,223
Net income $ 29,393 $ 15,537 $ 100,297 $ 53,686
Net income allocation:
Preferred stock dividend $ 65 $ 80 $ 249 $ 2,205
Net income available for common stockholders 29,328 15,457 100,048 51,481
Net income $ 29,393 $ 15,537 $ 100,297 $ 53,686
Net income per share:
Basic $ 0.30 $ 0.27 $ 1.37 $ 0.94
Diluted $ 0.29 $ 0.20 $ 1.15 $ 0.74
Weighted average shares outstanding:
Basic 98,362 56,700 73,091 54,856
Diluted 101,952 78,036 87,537 72,658
AECOM Technology Corporation
Balance Sheet and Cash Flow Information
(in thousands)
September 30, 2007 September 30, 2006
Balance Sheet Information:
Cash and cash equivalents $ 414,515 $ 127,870
Working capital 597,655 201,323
Working capital, net of cash and cash equivalents 183,140 73,453
Total debt 47,950 137,455
Total stockholders’ (deficit) / equity 1,278,485 (290,894 )
Cash Flow Information:
Net cash provided by operating activities $ 137,463 $ 121,266
AECOM Technology Corporation
Reportable Segments
(in thousands, except per share data)
Professional
Management
Technical
Support
Services
Services Corporate Total
Three Months Ended September 30, 2007
Revenue $ 917,247 $ 197,109 $ - $ 1,114,356
Other direct costs 277,987 167,407 - 445,394
Revenue, net of other direct costs 639,260 29,702 - 668,962
Gross Profit 304,583 12,214 - 316,797
Gross profit as a % of revenue 33.2 % 6.2 % - 28.4 %
Gross profit as a % of revenue, net of other direct costs 7.6 % 41.1 % - 47.4 %
Equity in Earnings of joint ventures 1,750 2,450 - 4,200
General and administrative expenses 254,380 8,202 16,110 278,692
Segment income from operations 51,953 6,462 (16,110 ) 42,305
Three Months Ended September 30, 2006
Revenue $ 733,433 $ 170,846 $ - $ 904,279
Other direct costs 251,497 146,808 - 398,305
Revenue, net of other direct costs 481,936 24,038 - 505,974
Gross profit 232,652 11,189 - 243,841
Gross profit as a % of revenue 31.7 % 6.5 % - 27.0 %
Gross profit as a % of revenue, net of other direct costs 48.3 % 46.5 % - 48.2 %
Equity in Earnings of joint ventures (354 ) 2,791 - 2,437
General and administrative expenses 194,441 7,711 15,640 217,792
Segment income from operations 37,857 6,269 (15,640 ) 28,486
Twelve Months Ended September 30, 2007
Revenue $ 3,418,683 $ 818,587 $ - $ 4,237,270
Other direct costs 1,122,967 709,034 - 1,832,001
Revenue, net of other direct costs 2,295,716 109,553 - 2,405,269
Gross profit 1,116,268 44,910 - 1,161,178
Gross profit as a % of revenue 32.7 % 5.5 % - 27.4 %
Gross profit as a % of revenue, net of other direct costs 48.6 % 41.0 % - 48.3 %
Equity in Earnings of joint ventures 2,710 9,118 - 11,828
General and administrative expenses 942,921 25,402 48,744 1,017,067
Segment income from operations 176,057 28,626 (48,744 ) 155,939
Twelve Months Ended September 30, 2006
Revenue $ 2,774,304 $ 647,188 $ - $ 3,421,492
Other direct costs 971,299 550,476 - 1,521,775
Revenue, net of other direct costs 1,803,005 96,712 - 1,899,717
Gross profit 866,935 38,873 - 905,808
Gross profit as a % of revenue 31.2 % 6.0 % - 26.5 %
Gross profit as a % of revenue, net of other direct costs 48.1 % 40.2 % - 47.7 %
Equity in Earnings of joint ventures 1,612 4,942 - 6,554
General and administrative expenses 745,237 20,886 42,830 808,953
Segment income from operations 123,310 22,929 (42,830 ) 103,409
NR 07-1105
Contact:
AECOM Technology Corporation
SVP & Chief Communications Officer
Paul Gennaro, 212-973-3167
paul.gennaro@aecom.com
--------------------------------------------------------------------------------
Source: AECOM Technology Corporation
AECOM Acquires Economics Research Associates
Wednesday November 21, 8:04 am ET
Economic analysis firm bolsters AECOM's portfolio of global offerings
LOS ANGELES--(BUSINESS WIRE)--AECOM Technology Corporation (NYSE: ACM - News), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has acquired Economics Research Associates (ERA), an international consulting firm concentrating on economic analysis for clients in entertainment, real estate, public facilities, tourism, and economic development.
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By adding ERA, AECOM has continued to build out its services offerings, further strengthening the broad portfolio of services it can deliver to its global client base.
“ERA is held in high regard in all of the industries in which it operates,” said John M. Dionisio, AECOM president and chief executive officer. “By welcoming ERA aboard, we are broadening our platform of economic services, and we are well positioned to further develop our economic research and planning practice area.”
Patrick Phillips, president of ERA, added, “Joining AECOM provides us with an exciting new platform for international expansion, for increasing the breadth of our clients and services, and for the professional development of our staff.”
About AECOM
AECOM (NYSE: ACM - News) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy. With more than 31,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural, and social environments. AECOM serves clients in more than 60 countries and had revenue of more than $4 billion for the 12-month period ended June 30, 2007. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release 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 and any statements regarding future economic conditions or performance. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2007, and our other reports filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
NR 07-1104
Contact:
AECOM Technology Corporation
Paul Gennaro, 212-973-3167
SVP & Chief Communications Officer
paul.gennaro@aecom.com
--------------------------------------------------------------------------------
Source: AECOM Technology Corporation
AECOM Acquires CityMark
Tuesday November 20, 8:55 am ET
Acquisition of Chinese architecture, engineering firm expands AECOM's presence in rapidly growing market
LOS ANGELES--(BUSINESS WIRE)--AECOM Technology Corporation (NYSE: ACM - News), a leading provider of professional technical and management support services for government and commercial clients around the world, has acquired Shenzhen, China-based CityMark Architects and Engineers (CityMark).
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The transaction marks an important step in AECOM’s strategic expansion into the architectural design and building engineering industries of the People’s Republic of China (PRC). In addition, the two parties believe that this is the first time that a non-Chinese company has acquired 100-percent ownership of a Chinese design firm with a Class A architectural and engineering license issued by the country’s Ministry of Construction.
Originally established in Shenzhen in 1998, CityMark has gradually evolved into a leading architectural and engineering firm practicing in the PRC with more than 200 professional technical employees. CityMark’s practice has a rich and diverse portfolio that stands out among its peers for its ability to fuse design excellence with prime client service. Some of its notable projects include the International Chamber of Commerce Tower, Sheraton Dameisha Resort Hotel and the Galaxy Century Plaza in Shenzhen.
“By drawing on CityMark’s expertise and local presence, we expect AECOM will be able to greatly expand its market and service scope in the People’s Republic of China and deepen our planning, design and management services across Asia – all of which benefits our current and future clients,” said John M. Dionisio, AECOM president and chief executive officer. “The joining of our two companies also presents opportunities to leverage our extremely talented people.”
CityMark co-founders Mark Mao and Jin Yiqun will remain president and senior vice president respectively.
“Joining AECOM is an important moment for CityMark,” said Mao. “I believe this move gives us a strong professional advantage, further enhances our already strong capabilities and is in the best interests of our clients as well as our employees.”
About AECOM
AECOM (NYSE: ACM - News) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy. With more than 31,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural, and social environments. AECOM serves clients in more than 60 countries and had revenue of more than $4 billion for the 12-month period ended June 30, 2007. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements
All statements in this press release other than statements of historical fact are “forward-looking statements” for purposes of U.S. federal and state securities laws, including any statements of the plans, strategies and objectives for future operations of AECOM and its subsidiaries in Asia and any statements regarding future economic conditions or performance. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our quarterly report on Form 10-Q for the fiscal quarter ended June 30, 2007, and our other reports filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
NR 07-1103
Contact:
AECOM Technology Corporation
Paul Gennaro, 212-973-3167
paul.gennaro@aecom.com
with earnings due this week, I am holding off on re entry...oversold but it may retest...FYI, fy q4 is normally AECOM's strongest quarter, however integrating the 2 latest acquisitions may cut into margins...so I will wait, then back to trading the chart...
write calls if you are still holding to make some extra $ if earnings disappoint.
AECOM to Announce Fiscal Fourth-Quarter Results on Nov. 27
Friday November 2, 8:00 am ET
Company to hold fourth-quarter, full-year earnings conference call and webcast
LOS ANGELES--(BUSINESS WIRE)--AECOM Technology Corporation (NYSE: ACM - News), a leading provider of professional technical and management support services for government and commercial clients around the world, will release results for its fiscal 2007 fourth quarter and full year, which ended on Sept. 30, 2007, before the market opens on Tuesday, Nov. 27, 2007.
ADVERTISEMENT
The company will host a conference call at 11 a.m. EST, during which management will make a brief presentation focusing on the company's results, strategies and operating trends.
Interested parties can listen to the conference call and view accompanying slides via webcast on the Internet at www.aecom.com. The webcast will be available for replay following the call.
About AECOM
AECOM (NYSE: ACM - News) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy. With more than 31,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural, and social environments. AECOM serves clients in more than 60 countries and had revenue of more than $4 billion for the 12-month period ended June 30, 2007. More information on AECOM and its services can be found at www.aecom.com.
NR 07-1101
Contact:
Paul Gennaro, 212-973-3167
SVP & Chief Communications Officer
paul.gennaro@aecom.com
After today, if $31 does not hold $29 should be an excellent reentry point...update as we go...ugly day/week
ACM - Wednesday's drop doesn't look good chartwise...could go below 30 before a reversal. Earning report maybe coming out...need to check when
ACM rcvd 770 mm from it's ipo, they will be buying good engineering co's with the cash.
they are cash positive and make 5 to 7 % risk free
so I would be looking to buy the dips...31 for a start
ACM 37...IMO 2 for 1 split is gonna be announce before the year is out
still in reversal mode.. More shorts adding at the wrong price IMO
lol wonder how many funds bought for quarter window dressing and dumped this week....same story lol
yep called that one...acm gonna find support at 31 and then we see what she's made of
ACM..I would look for a split sometime between here and $60 bucks a share....what a run!!
ACM, nice 15 +% move for the week...the whole E&V SECTOR IS ON FIRE!!!!
weekly pumps from Cramer don't hurt.
IBD 100 next? ipo ~ 20, now 35...I think it will make the list by Dec
nice to see someone started a board...been in since last month and likeing what I'm seeing/hearing - nice charts and nice feedback (thru an employee of mine) from an ACM employee
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