AECOM (ACM) on Tuesday increased its segment-adjusted operating margin target to 20%+ by exiting fiscal 2028, reflecting accelerating operating leverage from high-returning investments in proprietary AECOM AI and Advisory services.
The company also raised expected adjusted EPS CAGR from fiscal 2026-2029 to 15%+.
Furthermore, it initiated a review of strategic alternatives for the construction management business, including a possible sale, reflecting a commitment to allocate time and capital to its fastest-growing and highest-returning opportunities.
Beginning with first-quarter results, the construction management business is expected to be classified as held for sale on the balance sheet and reported in discontinued operations under GAAP.
AECOM (ACM) down 4.5% premarket.