Latest news with #AECOM
Calgary Herald
2 days ago
- Business
- Calgary Herald
'This is how world-class cities are built': Construction of Green Line back on track
Article content Smith, in her speech, said the first phase of the Green Line will improve transit access in the southeast, providing tens of thousands of Calgarians an alternative method of transportation to reach the core and connect to the rest of the city's transit network. Article content 'That will take cars off the streets and less traffic means less gridlock and stress for everyone,' she said. Article content The first phase sets the Green Line up to eventually extend as far south as Seton, Smith added. Article content 'This means more opportunity to spur future development based around LRT and more jobs and growth.' Article content Technically, the Green Line has been under construction before, including property demolitions along the southeast segment of the alignment and belowground utility relocations in the Beltline and downtown. Article content Article content But Thursday marked the first time work has been underway since September 2024, when the Alberta government withdrew its $1.5-billion funding commitment over differences in how the project should be handled. While the city favoured a belowground tunnel through the core, the province preferred an aboveground solution that avoided potential cost overruns resulting from tunnelling. Article content The about-face from the province led to city council voting to wind down work on the project in mid-September, even though more than $1 billion had already been spent and cancelling the project would likely cost an additional $850 million in contract and legal costs. Article content Council heard from the independent Green Line board (which disbanded shortly afterward) that the Green Line would not be feasible without provincial support. Article content Article content Though the Green Line appeared to have been killed, the province commissioned engineering firm AECOM to come up with the alternative downtown alignment, which the firm presented in December. The province argued avoiding tunnelling would shave $1 billion off the budget, allowing the first leg of the Green Line to extend further south than the truncated alignment the city had approved last July. Article content Article content With the province and city back at the table, city council, begrudgingly, approved the revised plan in January, after months of tense back-and-forth rhetoric between Gondek and Dreeshen. Article content The federal government approved the revised business plan in March, allowing construction on the southeast segment to advance. Article content Asked Thursday how the project will avoid future turmoil, Dreeshen said a new governance committee including provincial and city officials will meet regularly to check in on the Green Line's progress and make sure the LRT proceeds on time and on budget. Article content 'There's more collaboration now than there's ever been,' he said. 'So that's a major way of how we can make sure that there isn't any surprises in the construction.'
Business Journals
4 days ago
- Business
- Business Journals
2025 40 Under 40 Awards
These men and women are leaders in a variety of sectors and industries with roles that range from some of Dallas-Fort Worth's largest companies to up-and-coming startups. The 40 Under 40 honorees will be recognized at our annual awards dinner on June 25, 2025. The honorees will also be featured in our digital and print publication. 2025 Honorees Brittney Adams, Founder & CEO, Focus & Frame Eyewear Catherine Brizo Saravia, BIM Specialist, AECOM Hunt Madison Broyles, Executive Vice President, Astra Wealth Management Matt Burke, President & COO, Agora Data Eduardo Castaneda, Senior Associate, Arcadis Jovelyn Castellanos, Director of Strategic Initiatives and Public Affairs, Health Wildcatters Faizan Dolani, CEO and Owner of Prime Limo, Prime Limo & Car Service Matt Falkin, Vice President, CAF Companies Nida Fatima, CEO & Chairman, Filos Health Laboratory Inc Susan Goodvin, Co-Founder & COO, Dreamers of Day Daniel Gresham, President, Fortify Management Group Melanie Hanna, Associate Partner and Director of Interior Design, BKV Group Krista Hanvey, Co-Partner in Charge of the Dallas Office and Co-Chair of the Executive Compensation and Employee Benefits Practice Group, Gibson, Dunn & Crutcher LLP Heather Harrington, Chief Executive Officer + Founder, LevelUp Digital Solutions Keyavash Hemyari, Founder and CEO, Saltu Xavier Henderson, Co-founder & Chief Development Officer, For Oak Cliff Anthony Hill, Head of Enterprise Restaurants | Uber Advertising, Uber Technologies, Inc. Adam Hunter, Major Gift Officer, Broadway Dallas Muhammad Ikramullah, Senior Mechanical Engineer, Compass Datacenters Abriell Jackson, Managing Director of Investor Relations, American Airlines Ayanna Jackson, Program Manager, Catch Up & Read Clemente Jaquez, Partner and Design Director, MODUS Architecture Mariama Maiga, Chief Financial and Operating Officer, Dallas Children's Advocacy Center (DCAC) Ian Maltz, Vice President of Corporate Development, Ennis Steel Industries, Inc. Nick Marino Jr., Chief Executive Officer, Tango Charities | Center for Business Impact Director, Communities Foundation of Texas Erica Mulder, Assistant Vice President Community & Government Relations, DFW Airport Mason Nelson, Superintendent, Lee Lewis Construction, Inc. Jessica Paris, Owner, Saga Media Photography Jonathan Pride, Vice President of Field Operations- New and Emerging Markets, NPower Texas Cristal Retana Lule, Vice President, Community Relations, Children's Health Staci Schofield, Account Executive, Lamar Advertising Company Khushbu Shaikh, Technical Lead, Principal Technical Account Manager, Twilio David Silva, Partner, Sidley Austin LLP Lauren Smith, Executive Director, Hugs Cafe, inc. Lubbock Smith, Senior Vice President - Director of Community Development and Vista Outreach, Vista Bank Scottie Smith, CEO and Managing Partner, Shekinah Real Estate Holdings Tyler Stevenson, Vice President, Project Executive, Clune Construction Caleb Thomas, Assistant Rodeo Director, Mesquite Championship Rodeo Ava Thompson, Chief of Staff, Ziosk Elyse Tucker, Chief Operations Officer, JHET Architects #DBJEvent X: @DallasBizNews Instagram: @DallasBizJournal Registration closes on Wednesday, June 18 at 5:00 p.m. Tickets must be transferred into guest's names by Wednesday, June 18 at 5:00 p.m. To transfer tickets to guests: Go to login with your email address and the password you entered during registration. Once logged in, select "My Tickets" and select each ticket to transfer to your guests. Tickets are non-refundable, but can be transferred to another guest by 6/18. For questions about the event or registration, please contact DBJ's Events Coordinator, Tiereny White at twhite@ Honorees are chosen through an independent editorial review, with selections based entirely on their merits, achievements and contributions to their organizations and local community. Commercial interests with the Business Journal are not considered. Review panels may be comprised entirely of Business Journal leadership, or in combination with outside judges determined by the news department. The Business Journal's editorial leadership has final say and approval for all awards and honorees.
Yahoo
4 days ago
- Business
- Yahoo
Engineering and Design Services Stocks Q1 Highlights: Dycom (NYSE:DY)
Let's dig into the relative performance of Dycom (NYSE:DY) and its peers as we unravel the now-completed Q1 engineering and design services earnings season. Companies providing engineering and design services boast ever-evolving technical expertise. Compared to their counterparts who manufacture and sell physical products, these companies can also pivot faster to more trending areas due to their smaller physical asset bases. Green energy and water conservation, for example, are current themes driving incremental demand in this space. On the other hand, those providing engineering and design services are at the whim of construction and infrastructure project volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. The 5 engineering and design services stocks we track reported a very strong Q1. As a group, revenues beat analysts' consensus estimates by 1.7% while next quarter's revenue guidance was in line. Luckily, engineering and design services stocks have performed well with share prices up 22.4% on average since the latest earnings results. Working alongside some of the most popular mobile carriers in the world, Dycom (NYSE:DY) builds and maintains telecommunications infrastructure. Dycom reported revenues of $1.26 billion, up 10.2% year on year. This print exceeded analysts' expectations by 5.7%. Overall, it was an exceptional quarter for the company with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. 'Dycom had a strong start to fiscal 2026 with continued progress against our goals, excellent financial and operational performance, and a record backlog. Based on our first quarter results and a favorable demand outlook, we are increasing our full year fiscal 2026 contract revenue outlook and remain positioned for continued success,' said Dan Peyovich, Dycom's President and Chief Executive Officer. Dycom scored the biggest analyst estimates beat of the whole group. The stock is up 21.9% since reporting and currently trades at $235.62. Is now the time to buy Dycom? Access our full analysis of the earnings results here, it's free. Involved in the construction of a major highway, the Grand Parkway in Houston, TX, Sterling Infrastructure (NASDAQ:STRL) provides civil infrastructure construction. Sterling reported revenues of $430.9 million, down 2.1% year on year, outperforming analysts' expectations by 5.4%. The business had a stunning quarter with full-year EBITDA and revenue guidance exceeding analysts' expectations. Sterling delivered the highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 35.1% since reporting. It currently trades at $224.50. Is now the time to buy Sterling? Access our full analysis of the earnings results here, it's free. Founded in 1990 when a group of engineers from five companies decided to merge, AECOM (NYSE:ACM) provides various infrastructure consulting services. AECOM reported revenues of $3.77 billion, down 4.4% year on year, falling short of analysts' expectations by 9.5%. It was a mixed quarter as it posted a decent beat of analysts' adjusted operating income estimates. AECOM delivered the weakest performance against analyst estimates and slowest revenue growth in the group. Interestingly, the stock is up 9.2% since the results and currently trades at $111.54. Read our full analysis of AECOM's results here. Involved in the 1996 Olympic Games MasTec (NYSE:MTZ) is an infrastructure construction company that specializes in the telecommunications, energy, and utility industries. MasTec reported revenues of $2.85 billion, up 6% year on year. This print beat analysts' expectations by 4.9%. It was a very strong quarter as it also recorded a solid beat of analysts' backlog estimates and an impressive beat of analysts' EPS estimates. The stock is up 25.6% since reporting and currently trades at $168.15. Read our full, actionable report on MasTec here, it's free. Through its network of over 70 subsidiaries, EMCOR (NYSE:EME) provides electrical, mechanical, and building construction and services EMCOR reported revenues of $3.87 billion, up 12.7% year on year. This result topped analysts' expectations by 2.2%. Overall, it was a very strong quarter as it also produced an impressive beat of analysts' EBITDA estimates. EMCOR delivered the fastest revenue growth but had the weakest full-year guidance update among its peers. The stock is up 20.2% since reporting and currently trades at $498. Read our full, actionable report on EMCOR here, it's free. The Fed's interest rate hikes throughout 2022 and 2023 have successfully cooled post-pandemic inflation, bringing it closer to the 2% target. Inflationary pressures have eased without tipping the economy into a recession, suggesting a soft landing. This stability, paired with recent rate cuts (0.5% in September 2024 and 0.25% in November 2024), fueled a strong year for the stock market in 2024. The markets surged further after Donald Trump's presidential victory in November, with major indices reaching record highs in the days following the election. Still, questions remain about the direction of economic policy, as potential tariffs and corporate tax changes add uncertainty for 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. 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National Post
6 days ago
- Business
- National Post
AECOM to accelerate Australia's energy transition as technical advisor to VicGrid
Article content DALLAS — AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced that it has been appointed as technical advisor and lead consultant, partnering with GHD as a key subconsultant and a team of specialist contractors for VicGrid in Victoria, Australia. A newly established Victorian government agency, VicGrid expects to plan and develop energy infrastructure to ensure a reliable and efficient electricity grid. Article content In its role as technical advisor, AECOM will provide technical advice and support for the development and delivery of VicGrid's energy infrastructure program. The core work will include services across the asset lifecycle, such as engineering, and land, planning and environmental approvals, and will include partnering with First Nations subcontractors. Article content 'Our energy specialists have established themselves as trusted advisors for some of the world's largest power utilities as they drive progress on the energy transition,' said Frank Sweet, chief executive of AECOM's global Environment business. 'We continue to grow our leadership in the energy and power sectors, and we look forward to collaborating with VicGrid to realize more sustainable, reliable energy infrastructure that benefits millions of customers across Victoria.' Article content Victoria is undergoing a significant transformation to build a next-generation power grid and enable the transition to renewable energy. VicGrid expects to take on coordinating the planning, development and delivery of the state's Renewable Energy Zones and transmission infrastructure and will lead investment in projects to strengthen and modernize Victoria's energy grid, including the delivery of transmission required to connect new offshore wind resources to the grid. Article content 'We are excited to work with our partners to support VicGrid in delivering the energy transition and providing safe and affordable power for Victorians,' said Mark McManamny, chief executive of AECOM's Australia and New Zealand region. 'Our team brings deep technical knowledge and capability, leading environment and energy credentials, and valuable local and global experience to deliver across the entire project lifecycle.' Article content About AECOM Article content AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients' complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at Article content Forward-Looking Statements Article content All statements in this communication other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns, changes in administration or other funding directives and circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement. Article content Article content Article content Article content Media Contact: Article content 213-996-2367 Article content Article content Article content
Business Wire
6 days ago
- Business
- Business Wire
AECOM to accelerate Australia's energy transition as technical advisor to VicGrid
DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the trusted global infrastructure leader, today announced that it has been appointed as technical advisor and lead consultant, partnering with GHD as a key subconsultant and a team of specialist contractors for VicGrid in Victoria, Australia. A newly established Victorian government agency, VicGrid expects to plan and develop energy infrastructure to ensure a reliable and efficient electricity grid. In its role as technical advisor, AECOM will provide technical advice and support for the development and delivery of VicGrid's energy infrastructure program. The core work will include services across the asset lifecycle, such as engineering, and land, planning and environmental approvals, and will include partnering with First Nations subcontractors. 'Our energy specialists have established themselves as trusted advisors for some of the world's largest power utilities as they drive progress on the energy transition,' said Frank Sweet, chief executive of AECOM's global Environment business. 'We continue to grow our leadership in the energy and power sectors, and we look forward to collaborating with VicGrid to realize more sustainable, reliable energy infrastructure that benefits millions of customers across Victoria.' Victoria is undergoing a significant transformation to build a next-generation power grid and enable the transition to renewable energy. VicGrid expects to take on coordinating the planning, development and delivery of the state's Renewable Energy Zones and transmission infrastructure and will lead investment in projects to strengthen and modernize Victoria's energy grid, including the delivery of transmission required to connect new offshore wind resources to the grid. 'We are excited to work with our partners to support VicGrid in delivering the energy transition and providing safe and affordable power for Victorians,' said Mark McManamny, chief executive of AECOM's Australia and New Zealand region. 'Our team brings deep technical knowledge and capability, leading environment and energy credentials, and valuable local and global experience to deliver across the entire project lifecycle.' About AECOM AECOM (NYSE: ACM) is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients' complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at Forward-Looking Statements All statements in this communication other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, capital allocation strategy including stock repurchases, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; potential government shutdowns, changes in administration or other funding directives and circumstances that may cause governmental agencies to modify, curtail or terminate our contracts; losses under fixed-price contracts; limited control over operations that run through our joint venture entities; liability for misconduct by our employees or consultants; changes in government laws, regulations and policies, including failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs and trade policies, geopolitical events, and conflicts; inflation, currency exchange rates and interest rate fluctuations; changes in capital markets and stock market volatility; retaining and recruiting key technical and management personnel; legal claims and litigation; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; managing pension costs; AECOM Capital real estate development projects; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the sale of our Management Services and self-perform at-risk civil infrastructure, power construction and oil and gas businesses, including the risk that any purchase adjustments from those transactions could be unfavorable and result in any future proceeds owed to us as part of the transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
