Aecom (NYSE: ACM)

AECOM (ACM), a leading global provider of professional infrastructure consulting services, operates in the United States, Canada, and internationally. The company's main business activities encompass providing services in the transportation, facilities, water, environmental, and new energy sectors. AECOM's revenue is primarily generated through its fee-based knowledge-based services, which are derived from its ability to bill clients for employee time spent on projects and effective cost management.

The company's operations are divided into two primary segments: the Americas and the International segment. The Americas segment provides services in the United States, Canada, and Latin America, including transportation, facilities, water, government, and environmental services. On the other hand, the International segment provides services in Europe, the Middle East, India, Africa, and the Asia-Australia-Pacific regions, including transportation, water, government, and environmental services. Additionally, AECOM Capital, the company's investment arm, focuses on investing in co-general partner equity opportunities with high-quality partners, primarily targeting build-to-core investments in top U.S. markets across all property types.

AECOM is a leader in environmental sustainability, social responsibility, and corporate governance, committed to addressing the effects of climate change, improving resilience, and advancing increasingly ambitious greenhouse gas emissions reduction targets. The company's human capital objectives and initiatives are overseen by its Board as per its Corporate Governance Guidelines. AECOM's employees are its principal asset, with a large percentage having technical and professional backgrounds and undergraduate and/or advanced degrees. The company is dedicated to attracting and retaining the best technical professionals in the world.

The company's contracts can be grouped into several broad categories, including cost-reimbursable contracts, guaranteed maximum price contracts, and fixed-price contracts. AECOM recognizes revenue based on actual direct costs incurred and the applicable fixed rate or portion of the fixed fee earned as of the balance sheet date. The company competes with a large number of regional, national, and international companies, ranging from small private firms to multi-billion dollar companies. AECOM believes it is well-positioned to compete in its markets due to its reputation, cost-effectiveness, long-term client relationships, extensive network of offices, employee expertise, and broad range of services.

The company's business is impacted by various environmental, health and safety, government procurement, anti-bribery, and other government regulations and requirements. AECOM is subject to various laws and regulations, including the Comprehensive Environmental Response Compensation and Liability Act of 1980, the National Environmental Policy Act, the Clean Air Act, the Clean Air Mercury Rule, the Occupational Safety and Health Act, the Toxic Substances Control Act, and the Superfund Amendments and Reauthorization Act, as well as other comparable national and state laws.

In terms of clients, AECOM's revenue is derived from a diverse range of government and private entities worldwide. The company's largest clients include national, state, and local governments, as well as major corporations. No single client accounted for 10% or more of AECOM's revenue in any of the past five fiscal years.

AECOM's brand names and/or trade names of its products and services include AECOM Capital, which invests in and develops real estate projects, and AECOM's other services in the transportation, facilities, water, environmental, and new energy sectors.