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Yahoo
3 hours ago
- Yahoo
Can AECOM's $24.6B Backlog Weather Economic and Policy Shocks?
AECOM's ACM growth prospects are gaining from the robust public infrastructure spending environment, with several federal and state initiatives across the United States backing the wave. Given the company's expertise across diversified service offerings, it is successfully managing to capitalize on these opportunities and boost its revenue visibility in the ACM prioritizing sustainability and innovation is resonating with the clients' priorities and global trends, further catalyzing the growth amid all the favorable market trends, the company faces challenges due to macroeconomic uncertainties and potential project delays, especially across government projects. What's Driving AECOM's Momentum? Global Public Spending Trends: AECOM has been witnessing robust market trends due to the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) in the United States, with public infrastructure demand reaching new heights. Recently, the company highlighted that since the launch, only about 36% of the IIJA funding has been spent across its target markets. This positioning reflects incremental long-term revenue visibility for it mainly across key market segments, including AI (with data centers taking the major share), water, transportation, aviation, coastal protection and electricity. These favorable trends are also being shared by a few key market players, including Jacobs Solutions Inc. J, EMCOR Group, Inc. EME and Quanta Services, Inc. PWR, offering substantial competition to AECOM, especially across data center public spending trends are now visible in AECOM's international markets, including the United Kingdom, Canada, the UAE and Asia. The recent 10-year infrastructure strategy announcement by the U.K. government highlights investments of GBP 725 billion across key sectors, including transportation, water and energy, reflecting heightened opportunities for the company in the upcoming term. In the Middle East, AECOM successfully managed to align its opportunities with the shifts in investment priorities for infrastructure development for the World Expo and World Cup in Saudi Arabia. With Canada's aim of prioritizing public infrastructure projects 60% quicker, the company is positioned to capitalize on these tailwinds in the near and long Long-Term Growth Positioning: Thanks to the robust initiation of government strategies regarding the enhancement of public infrastructure, alongside AECOM's in-house capabilities, the company's backlog is growing, in turn, increasing revenue visibility in the upcoming period. As of the third quarter of fiscal 2025, the total backlog was $24.59 billion, up 5% from $23.36 billion reported in the prior-year period. Moreover, during the first nine months of fiscal 2025, NSR grew 6% on an adjusted basis to $1.938 billion, with net service revenues (defined as revenues excluding subcontractor and other direct costs) in the Americas and International segments growing year over year by 8% and 3%, company's investment strategies to enhance leadership, technical development and AI capabilities offer its substantial competitive advantage over its market peers, underpinning its ability to consistently secure large and complex projects, as indicated in its top rankings by Engineering News-Record across major markets. For the long term, AECOM aims to achieve 5-8% organic NSR growth annually, with at least 20-30 basis points of adjusted operating margin and adjusted EBITDA margin on Sustainability & Innovation: AECOM's investments in digital water systems, predictive analytics and energy-efficient infrastructure position it as a forward-thinking leader. The adoption of digital water solutions is addressing a $70 billion market opportunity through 2030, particularly in regions like the United States and the United Kingdom, where water utilities are undergoing to its innovative approach regarding sustainability, the company was recently selected by a major U.S. water client for a significant metering project, indicating the growing demand for accurate water management. Through a combination of strong market trends, strategic focus and operational excellence, AECOM is poised to capitalize on long-term growth drivers while maintaining its leadership in the global infrastructure space. Risks to AECOM's Growth Lingering Macro Risks: AECOM operates across multiple geographies. Factors like changes in the United States' and other national governments' trade policies, regulatory practices, tariffs and taxes, further devaluations and other conversion restrictions and logistical & communication challenges might adversely impact the company's financials. The ongoing uncertainties surrounding the new tariff regime are hammering the nail, and are expected to dig in deeper in the upcoming period in the form of increased costs and fiscal 2024, 27% of total revenues were attributable to the services provided to non-U.S. clients. The ongoing conflict between Russia and Ukraine, political and economic instability in the Middle East and Southeast Asia and currency fluctuations are posing as major threats to the company in the current Delays: The company derives a considerable share of its revenues from government projects, exposing it more to the adverse impacts of alterations in the government rules and regulations. Moreover, the company's inability to renew government contracts during regulated procurement processes can materially impact operations and reduce profits & revenues going fiscal 2024, 2023 and 2022, approximately 46%, 43% and 41%, respectively, of its total revenues were derived from contracts with government entities. Given the long-term nature of most government contracts, any budgetary changes during the tenure are expected to negatively affect AECOM's business. Details on the Other Market Players Jacobs: This Texas-based provider of professional, technical and construction services is witnessing steady progress across key sectors, including Life Sciences, Data Center, Energy & Power, Water and Transportation. Jacobs has been witnessing strong growth in Water and Environmental services, driven by government-backed infrastructure projects, climate resilience initiatives and investments in aging infrastructure. At the fiscal third-quarter 2025 end, the backlog of $22.7 billion was up 14.3% on a year-over-year basis, with a book-to-bill ratio of This Connecticut-based mechanical and electrical construction, industrial and energy infrastructure, and building services provider is massively gaining from the growing infrastructural demand across the network and communications sector, mainly in data centers. As of June 30, 2025, Remaining Performance Obligations (RPOs) were $11.91 billion, indicating 22% organic growth and 32.4% growth after including Miller Electric's acquisition contribution, year over year. The diversity in EMCOR's RPOs stretches across various market segments, with the networking and communications sector contributing about $3.8 billion (as of June 30), and the healthcare sector contributing $1.4 This Texas-based infrastructure services provider's strength lies in its ability to deliver complex, large-scale projects such as power grid modernization, solar and wind farm buildouts and next-gen telecom networks. Moreover, the recent acquisition of Dynamic Systems (DSI), LLC, strengthens Quanta's critical path capabilities and front-end services for the growing technology, manufacturing and other load center markets. As of June 30, 2025, the company had a total backlog of $35.84 billion, with a 12-month backlog of $20.05 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quanta Services, Inc. (PWR) : Free Stock Analysis Report AECOM (ACM) : Free Stock Analysis Report EMCOR Group, Inc. (EME) : Free Stock Analysis Report Jacobs Solutions Inc. (J) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Associated Press
3 hours ago
- Associated Press
Gill Tax Group Expands Nationwide Services to Help Businesses Navigate New Tax Law Changes
Gill Tax Group, PC expands its nationwide tax and advisory services, helping businesses and individuals navigate recent federal and state tax law reforms. United States, August 16, 2025 -- Gill Tax Group Expands Nationwide to Address Tax Reform Challenges Gill Tax Group, PC, a premier certified public accounting firm, announced the expansion of its nationwide tax and advisory services to help businesses, individuals, trusts, and estates navigate sweeping federal and state tax reforms. With deep expertise in complex regulations and a commitment to client success, the firm is redefining what strategic tax advisory means in today's fast-changing financial landscape. 'Tax laws are evolving at an unprecedented pace,' said Divya Gill, Founding Partner and second-generation CPA. 'Our mission is to not only keep our clients compliant but to turn these regulatory changes into strategic opportunities for growth and stability.' Expanding Reach. Elevating Expertise. With offices in California and Nevada, Gill Tax Group, PC now serves clients in all 50 states. The firm's full-service approach goes beyond tax preparation—offering proactive tax planning, regulatory guidance, and business advisory solutions designed to protect assets, minimize liabilities, and strengthen long-term financial health. A Legacy of Trusted Guidance Drawing on more than 20 years of combined public and private accounting experience, Gill Tax Group, PC provides tailored strategies for corporations, entrepreneurs, high-net-worth individuals, and estate managers nationwide. Clients rely on the firm to anticipate changes, explain their impact, and design customized action plans. 'From new corporate tax structures to evolving estate tax thresholds, our role is to translate complexity into clarity,' added Gill. 'We make sure our clients are prepared—not just for the next filing season, but for the next decade.' About Gill Tax Group, PC Gill Tax Group, PC is a full-service CPA firm specializing in tax and advisory services for businesses, individuals, trusts, and estates. With a national presence and a legacy of excellence, the firm empowers clients to navigate change with confidence and seize opportunities for financial growth. Gill Tax Group, PC, a leading full-service CPA firm, combines the precision of local expertise with the scale of nationwide service, supporting businesses, individuals, trusts, and estates in all 50 states. From tax return preparation to advanced advisory strategies, the firm is uniquely equipped to handle the complexities of state-specific regulations while delivering consistent, high-level results across jurisdictions. 'Our clients operate in a dynamic and highly regulated environment,' said Divya Gill, Founding Partner and licensed CPA. 'By pairing cutting-edge tools with deep technical expertise, we ensure they not only remain compliant, but also make confident, data-driven financial decisions.' Leadership Rooted in Expertise With an MBA from Golden Gate University and a Leadership Certificate from Cornell University, Gill brings more than academic credentials—she brings a vision for growth anchored in both technical mastery and strategic leadership. This combination shapes the firm's approach to every client engagement, from complex corporate tax planning to multi-state compliance. Comprehensive Nationwide Services Gill Tax Group, PC offers an integrated suite of services to address the diverse needs of clients across industries and geographies: About Gill Tax Group, PC Gill Tax Group, PC is a full-service CPA firm with offices in California and Nevada, serving clients nationwide. Specializing in tax, accounting, and advisory solutions, the firm empowers businesses, individuals, and fiduciaries to navigate complex regulations with confidence and clarity. Gill Tax Group, PC Champions Education, Transparency, and Scalable Tax Solutions for Growth-Oriented Clients Nationwide Gill Tax Group, PC, a nationwide CPA firm with offices in California and Nevada, is redefining tax and advisory services through a philosophy built on education, transparency, and personalized guidance. The firm believes that informed clients make better decisions—leading to stronger long-term financial outcomes. 'Our role includes both advisory services and educational responsibilities,' said Divya Gill, Founding Partner and second-generation CPA. 'We ensure our clients understand not just the 'what' of their tax filings, but the 'why'—empowering them to make strategic financial choices with confidence.' A Philosophy Rooted in Client Education The Gill Tax Group team uses reports and tax returns as teaching tools—explaining decisions, clarifying impacts, and demystifying complex matters such as pass-through entity taxes, retirement plan limits, and newly enacted credits. This transparency equips clients to navigate legislative changes with clarity and foresight. Scalable Support for Growing Enterprises Built to serve businesses at every stage, Gill Tax Group delivers top-tier strategies without the impersonal, volume-driven approach of larger firms. The firm's adaptable model ensures services—from business system development to multi-state audit support—scale alongside a client's growth. About Gill Tax Group, PC Gill Tax Group, PC is a full-service CPA firm providing tax, accounting, and advisory solutions to businesses, individuals, trusts, and estates across all 50 states. With over 20 years of expertise in corporate finance, multi-jurisdictional compliance, and IRS representation, the firm combines industry insight with a dedication to client education, transparent practices, and tailored financial strategies. Media Contact: Divya Gill, CPA, MBA Gill Tax Group Email: [email protected] Website: Contact Info: Name: Divya Gill, CPA, MBA Email: Send Email Organization: Gill Tax Group Website: Release ID: 89167431 In case of identifying any problems, concerns, or inaccuracies in the content shared in this press release, or if a press release needs to be taken down, we urge you to notify us immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team will be readily accessible to address your concerns and take swift action within 8 hours to rectify any issues identified or assist with the removal process. We are committed to delivering high-quality content and ensuring accuracy for our valued readers.
Associated Press
3 hours ago
- Associated Press
All Pro Audio Visual Launches 'WIFI for Events', Setting a New Standard in Chicago for Conference, Meetings, and Events
WIFI Internet solution designed to deliver cost effective, reliable, consistent end-to-end solutions to APAV's clients. CHICAGO, IL, UNITED STATES, August 15, 2025 / / -- All Pro Audio Visual (APAV), an innovative national event production and rental company, announced the expansion of its WIFI services to better serve clients in the Chicago area integrating attendees, presenters, and virtual components. Under the new 'WIFI for Events' solution, APAV combines its 10+ years in the Audio Visual Rental industry, and 10+ years in the IT industry, to offer incredibly affordable internet solutions to its client base, saving clients thousands of dollars per event, compared to the alternative in-house internet options at hotels and convention centers. 'We understand our clients require WIFI at their events in addition to the Audio Video Rentals. Being invested in our clients' goals, both at a technological level and financial one, we are thrilled to provide alternative Internet solutions to our overpriced competitors. APAV is well known throughout the industry for providing an elite service at an affordable price,' said Allen Childs, President. 'We are excited to offer a WIFI solution that is necessary for events and conferences. ' 'WIFI for Events' is the realization of APAV combining nationwide networks, to deliver enhanced experiences and communication for attendees. Key benefits of the service include: - Higher Upload and Download WIFI Speeds for Conferences - Private independently managed network - Unique SSID & Password for Attendees, Presenters, and Exhibitors - Customized Splash Page for Paid Sponsors Daniel Butler, Vice President of IT for APAV stated 'At All Pro Audio Visual we have been able to leverage the cellular infrastructure of all major US carriers to provide a robust and resilient on-demand connection for our clients. Our ability to use multiple carriers simultaneously provides our clients not only greater throughput, but physical redundancy.' About All Pro Audio Visual All Pro Audio Visual is a nationwide audio-visual rental house and production company. APAV's team consists of technological innovators, creative producers, and experts in their field, all working together to help customers produce memorable events for their attendees; virtual, in person, or hybrid. APAV services the entire United States of America, and Canada. The company is headquartered in the Chicago metro area. PR All Pro Audio Visual LLC email us here Visit us on social media: Instagram Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
