AECOM: Good Multi-Year Growth Prospects


  • The company is benefiting from the increased infrastructure investments.
  • The end market outlook continues to remain healthy as reflected by strong backlog levels exiting Q1 FY23.
  • Healthy demand, support from federal fundings, and high-margin projects should help the company’s growth in 2023 and beyond.
silhouette form of bull on technical financial graph


Investment Thesis

AECOM (NYSE:ACM) revenues should benefit from a healthy backlog (~$40.8 bn at the end of Q1 FY23), increased win rates, and a good pipeline of opportunities created by increased infrastructure funding levels from programs such as the Infrastructure Investment and

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This article is written by Saloni V.

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