Report
David Silver
EUR 101.80 For Business Accounts Only

Aecom: 3Q Results Reflect Better Execution and Backlog Growth Amid Still-Sluggish Demand; Raise FVE

Chairman and CEO Michael Burke has accelerated strategic change at no-moat Aecom Technology since his ascension in March 2014. Significant merger and acquisition activity and ongoing reshaping have largely been in service of developing an integrated service model and broadening its capabilities in higher-margin government services, consulting, and project management. 
Fiscal third-quarter results showed progress on several fronts: organic growth, improved efficiency, record backlog, and sizable ...
Underlying
AECOM

AECOM designs, builds, finances and operates infrastructure assets for governments, businesses and organizations. The company provides: planning, consulting, architectural and engineering design services to commercial and government clients in transportation, facilities, environmental, energy, water and government markets; construction services, including building construction and energy, infrastructure and industrial construction; as well as program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology services, for agencies of the United States government and for other national governments.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Silver

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