ACM Stock Gains on Optimized Remediation Contract Win From USACE
AECOM ACM has been selected by the U.S. Army Corps of Engineers (USACE) Los Angeles District for a 10-year Optimized Remediation Contract (ORC).ACM stock climbed 1.6% during yesterday's trading hours.
The optimized remediation contract outlines the scope of offering environmental remediation services at Vandenberg Space Force Base on California's Central Coast. With a value of $81.3 million, this contract win by AECOM highlights its strong position in offering mission-critical solutions efficiently.Per the contract, the company will be offering various services, including a range of remediation and management activities at 60 sites throughout Vandenberg Space Force Base. Moreover, ACM will utilize top-tier digital tools to enhance data collection, analysis and reporting, resulting in an optimized approach to site remediation.Per Matt Crane, chief executive of AECOM's U.S. West region, 'By leveraging the principles of our Sustainable Legacies strategy and applying cutting-edge digital innovations, we are accelerating progress toward lasting restoration at Vandenberg Space Force Base.'
AECOM has been witnessing robust prospects in each of its segments. Currently, it has a good visibility of a strong backlog and pipelines for the upcoming quarters. Owing to the improving global scenario, which is fostering infrastructural demand, there has been an increase in demand for ACM's services. This improving trend is reflected in the company's backlog levels.As of the end of the second quarter of fiscal 2025, the total backlog was $24.27 billion, up 3% from $23.74 billion in the prior-year period. The current backlog level includes 54.9% contracted backlog, which grew 5% year over year. AECOM's ability to consistently secure large, complex projects underpins its competitive advantage. The company maintains a win rate of more than 50% for large pursuits, which rises further for projects exceeding $25 million.
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Shares of this provider of professional, technical and management solutions have gained 2.4% year to date against the Zacks Engineering - R and D Services industry's 0.6% decline. With the $1.2 trillion IIJA funding accelerating in the United States and the U.K. government prioritizing investments in infrastructure, led by the transportation and water markets, the company's growth prospects seem encouraging.
AECOM currently carries a Zacks Rank #2 (Buy).Here are some other top-ranked stocks from the Construction sector.Tutor Perini Corporation TPC currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.The company delivered a trailing four-quarter earnings surprise of 264.7%, on average. The stock has risen 52.5% year to date. The Zacks Consensus Estimate for Tutor Perini's 2025 sales and earnings per share (EPS) implies an increase of 17.3% and 158.8%, respectively, from a year ago.Construction Partners, Inc. ROAD currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter earnings surprise of 97.4%, on average. The stock has trended up 20.9% year to date.The Zacks Consensus Estimate for Construction Partners' fiscal 2025 sales and EPS implies an increase of 53% and 60.9%, respectively, from a year ago.Gibraltar Industries, Inc. ROCK currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter earnings surprise of 3.1%, on average. The stock has inched up 3.1% year to date.The Zacks Consensus Estimate for Gibraltar's 2025 sales and EPS implies an increase of 9.3% and 15.8%, respectively, from a year ago.
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AECOM (ACM) : Free Stock Analysis Report
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Construction Partners, Inc. (ROAD) : Free Stock Analysis Report
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