Aecom (NYSE:ACM)

“AECOM’s ability to maintain continued growth across our end markets reflects our strong diversified business model,” said John M. Dionisio, AECOM president and chief executive officer. “Overall, we saw continued solid performance across our geographies. Our ability to expand client relationships and collaborate across our operations around the globe contributed to a successful third quarter.”

“During the quarter, we won several significant projects,” said Dionisio. “Mega projects, such as the Trans-Hudson Express tunnel final design in the United States and the Hong Kong High-Speed Rail Terminus, as well as several large infrastructure-development projects throughout the Middle East, highlighted the quarter.”

Based on its results through the third quarter of the fiscal year, as well as its backlog, AECOM has raised its previous EPS outlook range for fiscal year 2009.

^a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement.

Guidance Report:

Based on its results through the second quarter of the fiscal year, as well as its backlog, AECOM has reaffirmed its EPS outlook for fiscal year 2009. Looking ahead, we believe that AECOM will continue to see growth and is well positioned to benefit from continued spending on infrastructure projects around the globe,” said Burke. “As such, we feel confident that our results will be in the upper half of the range.”

AECOM announced backlog totaling $9.2 billion at March 31, 2009, a 30% increase year over year.

“During the second quarter, we continued to effectively execute our growth strategy across our end markets and geographies,” said Michael S. Burke, AECOM executive vice president and chief financial officer. “Continued positive trends in margin improvement, where we saw a 24-basis-point improvement, and backlog growth, where we achieved a $2.1 billion increase in our year-over-year backlog, point to AECOM’s continued solid momentum in our global end markets.”

Full Year Fiscal 2009 Guidance Ending October

Source: Business Wire (May 7, 2009)

Guidance Report: (Non-China)

AECOM announced total backlog of $8.6 billion at September 30, 2008, a 43% increase year over year and a 21% increase over the backlog balance at June 30, 2008.

“We continue to generate strong cash flow from operations and we are in a solid cash position,” said Michael S. Burke, AECOM executive vice president, chief corporate officer and chief financial officer. “We have in excess of $300 million of available borrowing capacity under our credit facilities and are well positioned to opportunistically invest in organic initiatives as well as strategic acquisitions.”

Full Year Fiscal 2009 Guidance Ending October

Source: Business Wire (November 12, 2008)