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AECOM (NYSE:ACM ) Q4 2024 Earnings Conference Call November 19, 2024 8:00 AM ET Company Participants Will Gabrielski - Senior Vice President, Finance, Treasury & Investor Relations Troy Rudd - Chief Executive Officer Lara Poloni - President Gaurav Kapoor - Chief Financial Officer & Chief Operations Officer Conference Call Participants Andrew Wittmann - Baird Sangita Jain - KeyBanc Capital Markets Natalia Bak - Citigroup Michael Feniger - Bank of America Steven Fisher - UBS Michael Dudas - Vertical Research Kevin Wilson - Truist Securities Adam Thalhimer - Thompson Davis & Co Operator Good morning, and welcome to the AECOM Fourth Quarter 2024 Conference Call. I would like to inform all participants, that this call is being recorded at the request of AECOM.
ACM's fiscal fourth-quarter results benefit from high-returning organic growth initiatives.
AECOM ACM will release earnings results for its fourth quarter, after the closing bell on Monday, Nov. 18.
ACM's fiscal fourth-quarter results are expected to benefit from its high-returning organic growth initiatives.
ACM Research develops equipment for cleaning and polishing semiconductor devices, serving clients across the supply chain. Although FY2024 growth has been good, widespread fears in the sector have led to a lag in the share price. Despite risks, the Company's essential products and diverse client base position it well for long-term growth.
ACM Research is a strong buy due to its impressive growth in the semiconductor space, particularly in China, and its diversification efforts. The company invests heavily in R&D, with 10% of turnover, resulting in over 500 patents and innovative products like the Ultra C bev-p bevel etching tool. ACMR's robust financial performance includes a 40% revenue increase in Q2 and a strong balance sheet with $366.8 million in cash and low debt.
ACM is set to design, manage, and implement new water and wastewater systems.
ACM is set to gain from the boost in its backlog after winning a contract from TxDOT for the North Houston Highway Improvement Project.
AECOM is set to drive smart city innovation in Latin America and the United States through its partnership with Gorilla Technology and NC Digy.
ACM is set to plan, design and implement new water and wastewater systems in Peel Region, Ontario, Canada.
ACM is set to provide design services for the Capital Line South Light Rail Transit Extension in Edmonton, enhancing urban mobility options.