2024-07-23 20:53:03 ET
Summary
- AECOM is well-positioned for growth with a healthy backlog of $23.7 billion, exposure to high-growth markets, and increasing PFAS-related work.
- Revenue growth outlook is positive with strong demand in end markets, government infrastructure investments, and incremental projects from disaster-related work.
- Margins are expected to improve with operational efficiency, cost-saving initiatives, and increasing international margins, making AECOM a buy with growth potential.
Investment Thesis
AECOM ( ACM ) is well-positioned to continue delivering good growth ahead. The company's revenue growth should benefit from a healthy backlog of $23.7 billion. In addition, increasing PFAS-related work, the company's exposure to high-growth markets, and healthy infrastructure investments globally should also increase revenue growth. On the margin front, the company should benefit from improving international margins, operating leverage, and cost-saving initiatives....
Read the full article on Seeking Alpha
For further details see:
AECOM: Good Growth Prospects And Attractive Valuation