Press Release: Aecom Named One Of The World's Most Ethical Companies For The Ninth Year

AECOM declares quarterly dividend

DALLAS--(BUSINESS WIRE)--March 06, 2025--

AECOM , the trusted global infrastructure leader, today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share as part of its ongoing quarterly dividend program. The dividend is payable on April 17, 2025 to stockholders of record as of the close of business on April 2, 2025.

About AECOM

AECOM 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 aecom.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250306530338/en/

CONTACT: Investor:

Will Gabrielski

Senior Vice President, Finance, Treasurer

213.593.8208

William.Gabrielski@aecom.com

Media:

Brendan Ranson-Walsh

Senior Vice President, Global Communications

213.996.2367

Brendan.Ranson-Walsh@aecom.com

Orion Group Holdings, Inc. ORN reported mixed fourth-quarter 2024 results, wherein adjusted earnings topped the Zacks Consensus Estimate and revenues missed the same. However, both metrics increased on a year-over-year basis.

See the Zacks Earnings Calendar to stay ahead of market-making news.

The company ended 2024 with improved performance, driven by the disciplined execution of strategic objectives. Going forward, ORN remains focused on achieving profitable revenue growth and stronger earnings. The company’s commitment to high-quality work and safety has strengthened its reputation, attracting new clients and partners while maintaining long-term relationships. Recent contract awards reflect this strategy, with nearly $250 million in new contracts secured in the first quarter of 2025. ORN continues to invest in future opportunities, prioritizing margin expansion and backlog growth in 2025, while expecting significant growth in 2026.

ORN’s Q4 Earnings, Revenue & Backlog Discussion

The company reported adjusted earnings per share (EPS) of 16 cents, surpassing the Zacks Consensus Estimate of 15 cents by 6.7%. The metric increased a whopping 100% from the year-ago quarter’s figure of 8 cents per share.

Contract revenues of $216.9 million missed the consensus mark of $270.4 million by 19.8%. However, the top line increased 7.6% on a year-over-year basis, driven by higher revenues in both Marine and Concrete segments.

Orion Group Holdings, Inc. Price, Consensus and EPS Surprise

Orion Group Holdings, Inc. price-consensus-eps-surprise-chart | Orion Group Holdings, Inc. Quote

Total backlog, as of Dec. 31, 2024, was $729.1 million, down from the 2023-end backlog of $762.2 million.

Segment Details of ORN

Marine: This segment’s revenues increased 6.5% year over year to $144 million. Total backlog of $582.8 million was down from $602.5 million at 2023-end.

Concrete: This segment’s revenues rose 9.8% from the year-ago quarter to $989 million. Total backlog of $146.3 million was down from $159.7 million at 2023-end.

Operating Highlights of Orion

The gross profit increased 14% year over year to $30.3 million in the quarter. Gross margin also expanded 260 basis points (bps) year over year to 14%. This upside was backed by improved performance in both segments, driven by higher-quality projects and better execution.

Selling, general and administrative (SG&A) expenses increased 25.6% from the previous year, primarily due to higher compensation expense, business development spending and legal expenses. SG&A expenses, as a percentage of revenues, was 9.9%, up from 8.5% reported in the year ago quarter.

Adjusted EBITDA in the quarter increased 15.5% year over year to $17.1 million. Adjusted EBITDA margin also expanded 60 bps year over year to 7.9%.

ORN’s 2024 Highlights

Contract revenues were up 11.9% to $796.4 million. Adjusted earnings were 15 cents per share against a loss of 31 cents in 2023. Adjusted EBITDA was $41.9 million, up 75.9% from $23.8 million in 2023.

Liquidity & Cash Flow of ORN

As of Dec. 31, 2024, Orion had cash and cash equivalents of $28.3 million, down from $31 million at 2023-end. Long-term debt, net of debt issuance costs, was $22.8 million, down from $23.7 million at 2023-end.

In 2024, the company provided $12.7 million in cash from operating activities compared with $17.2 million a year ago.

ORN’s 2025 Outlook

The company expects to generate revenues in the range of $800-$850 million in 2025. Adjusted EBITDA is expected to be in the range of $42-$46 million. Adjusted earnings are anticipated to be between 11 cents and 17 cents per share. Capital expenditures for 2025 are expected to be in the range of $25-$35 million.

ORN’s Zacks Rank & Recent Construction Releases

Orion currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Quanta Services Inc. PWR reported mixed results for the fourth quarter of 2024, wherein adjusted earnings beat the Zacks Consensus Estimate, but revenues missed the same. Yet both top and bottom lines grew year over year.

PWR is leading the industry's transformation amid rising demand for power and infrastructure solutions. The company’s strong portfolio, disciplined execution and customer focus drive consistent growth while expanding market reach. In 2025, it anticipates double-digit revenues, adjusted EBITDA and EPS growth, along with a record backlog.

Gibraltar Industries, Inc.’s ROCK fourth-quarter 2024 adjusted earnings topped the Zacks Consensus Estimate and grew year over year. On the other hand, net sales missed the consensus mark and tumbled year over year.

ROCK’s quarterly bottom-line performance was backed by a favorable mix shift and continued strong operating execution. Although the timing of a large project last year hampered the net sales growth during the quarter, the company is optimistic about the prospects, given the robust public spending trends at the federal and state levels.

AECOM ACM reported impressive results for first-quarter fiscal 2025, where earnings surpassed the Zacks Consensus Estimate and grew on a year-over-year basis. Revenues also increased from the prior year, backed by solid organic net service revenue growth in its design business.

As of the fiscal quarter’s end, AECOM’s total backlog was $23.88 billion compared with $23.32 billion reported in the prior-year period. The current backlog level includes 55.2% contracted backlog growth.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

MasTec, Inc. MTZ reported impressive results for the fourth quarter of 2024, with earnings and revenues beating the Zacks Consensus Estimate. Both top and bottom lines increased on a year-over-year basis.

See the Zacks Earnings Calendar to stay ahead of market-making news.

MTZ posted nearly 2% higher revenues from its previously provided guidance of $3.325 billion. This upside was backed by strong contributions from across the segment. Furthermore, it delivered margin expansion that exceeded expectations, supported by strong execution. The company's backlog grew nearly $2 billion year over year, indicating solid growth opportunities. The strength of the diversified business model will drive MTZ’s performance in 2025 and beyond.

Inside the Headlines of MTZ’s Q4

Adjusted earnings per share (EPS) of $1.44 topped the Zacks Consensus Estimate of $1.28 by 12.5% and increased a whopping 136.1% year over year from 61 cents. Impressively, the company exceeded the previously provided EPS guidance of $1.29.

Revenues of $3.40 billion topped the consensus mark of $3.32 billion by 2.5%. The top line jumped 3.8% from $3.28 billion a year ago.

MasTec, Inc. Price, Consensus and EPS Surprise

MasTec, Inc. price-consensus-eps-surprise-chart | MasTec, Inc. Quote

As of Dec. 31, 2024, the company had an 18-month backlog of $14.3 billion, up 15.2% year over year and 3.2% sequentially. This upside was driven by strong bookings of Clean Energy and Infrastructure projects.

Segment Update of MTZ

Revenues from Communications rose to $975.3 million from $759.9 million reported a year ago. Adjusted EBITDA margin expanded 230 basis points (bps) to 9.9%.

Clean Energy and Infrastructure’s revenues increased year over year to $1,257.8 million from $1,067.4 million. Adjusted EBITDA margin was 8.3%, up 350 bps from the year-ago quarter.

Revenues from the Power Delivery (formerly known as Electrical Transmission) segment increased to $762.1 million from the year-ago figure of $658 million. However, adjusted EBITDA margin contracted 90 bps to 7.1%.

The Pipeline Infrastructure (formerly known as Oil and Gas) segment’s revenues totaled $492.5 million, down from $802.2 million in the year-ago quarter. Adjusted EBITDA margin was 13.6%, up 170 bps year over year.

MTZ’s Operational Updates

MasTec reported an adjusted EBITDA of $270.9 million, up 19.6% from $226.5 million in the prior-year period. Adjusted EBITDA margin increased to 8% from 6.9% in the year-ago quarter. Earlier, the company expected an adjusted EBITDA of $259 million and adjusted EBITDA margin of 7.8%.

2024 Highlights of MTZ

Revenues for the year were $12 billion, down 2.6% from $12.3 billion in 2023. Adjusted earnings were $3.95 per share, up from $1.81 in 2023. Adjusted EBITDA was $1 billion, up from $846.4 million in 2023. Adjusted EBITDA margin was 8.2% for 2024, up from 7.1% in 2023.

MTZ’s Financial Details

As of Dec. 31, 2024, MasTec had cash and cash equivalents of $399.9 million, down from $529.6 million at 2023-end. Long-term debt (including finance leases) was $2.04 billion, down from $2.89 billion at 2023-end.

In 2024, the company provided $1.12 billion in cash from operating activities compared with $687.3 million a year ago.

MTZ’s Q1 2025 View

MasTec expects revenues of about $2.7 billion compared with $2.69 billion reported in the first quarter of 2024.

Adjusted EBITDA is estimated to be $160 million, up from $157.3 million a year ago. The adjusted net income is expected to be $30 million. The company reported an adjusted net loss of $3.3 million in the prior year quarter.

MTZ expects to report an adjusted EPS of 34 cents. In the year-ago quarter, the company reported an adjusted loss of 13 cents per share.

MTZ’s 2025 Guidance

The company expects to generate revenues of approximately $13.45 billion, up 9% year over year.

Adjusted EBITDA is expected to be in the range of $1,100-$1,150 million, with an adjusted EBITDA margin between 8.2% and 8.5%.

Adjusted earnings are anticipated to be between $5.35 and $5.84 per share. The Zacks Consensus Estimate for 2025 earnings is currently pegged at $5.53 per share.

MTZ’s Zacks Rank & Recent Construction Releases

MasTec currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Quanta Services Inc. PWR reported mixed results for the fourth quarter of 2024, wherein adjusted earnings beat the Zacks Consensus Estimate, but revenues missed the same. Yet both top and bottom lines grew year over year.

PWR is leading the industry's transformation amid rising demand for power and infrastructure solutions. The company’s strong portfolio, disciplined execution and customer focus drive consistent growth while expanding market reach. In 2025, it anticipates double-digit revenues, adjusted EBITDA and EPS growth, along with a record backlog.

Gibraltar Industries, Inc.’s ROCK fourth-quarter 2024 adjusted earnings topped the Zacks Consensus Estimate and grew year over year. On the other hand, net sales missed the consensus mark and tumbled year over year.

ROCK’s quarterly bottom-line performance was backed by a favorable mix shift and continued strong operating execution. Although the timing of a large project last year hampered the net sales growth during the quarter, the company is optimistic about the prospects given the robust public spending trends at the federal and state levels.

AECOM ACM reported impressive results for first-quarter fiscal 2025, where earnings surpassed the Zacks Consensus Estimate and grew on a year-over-year basis. Revenues also increased from the prior year, backed by solid organic net service revenue growth in its design business.

As of the fiscal quarter’s end, AECOM’s total backlog was $23.88 billion compared with $23.32 billion reported in the prior-year period. The current backlog level includes 55.2% contracted backlog growth.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

EMCOR Group, Inc. EME reported mixed fourth-quarter 2024 results, with earnings surpassing the Zacks Consensus Estimate but revenues missing the same. Nonetheless, both the top and bottom lines have increased year over year. Following the results, shares of EMCOR gained 5.4% during the trading session yesterday.

Find the latest EPS estimates and surprises on Zacks Earnings Calendar.

EMCOR delivered record-breaking results for the fourth quarter and full year of 2024, with strong revenue growth, operating income and earnings per share. Chairman, president and CEO Tony Guzzi highlighted a 14.2% year-over-year increase in remaining performance obligations, reflecting sustained demand.

More on EME’s Q4 Results

EME reported adjusted earnings per share (EPS) of $6.32, surpassing the Zacks Consensus Estimate of $5.54 by 14.1%. The metric also increased 41.4% from the year-ago quarter’s figure.

Revenues of $3.77 billion missed the consensus mark of $3.84 billion by 2.6% but increased 9.6% year over year.

EMCOR Group, Inc. Price, Consensus and EPS Surprise

EMCOR Group, Inc. price-consensus-eps-surprise-chart | EMCOR Group, Inc. Quote

EMCOR’s Segment Details

EMCOR currently operates in four reportable segments, which are U.S. Construction Services (Electrical and Mechanical Construction and Facilities Services), U.S. Building Services, U.S. Industrial Services and U.K. Building Services.

U.S. Construction Services: This segment's revenues rallied 16% year over year to $2.59 billion. The company witnessed strong demand across many of the markets served. The segment’s operating income appreciated 45%. The margin expanded 250 basis points (bps) year over year to 14.2%.

Within the U.S. Construction umbrella, the U.S. Electrical Construction and Facilities Services segment’s revenues increased 22.2% year over year to $933.2 million, benefiting from strong demand in data centers, high-tech manufacturing and energy sectors. Operating income surged 93.9% and margin expanded 580 bps year over year to 15.8%. The U.S. Mechanical Construction and Facilities Services segment’s revenues rose 12.8% year over year to $1.66 billion, driven by operational efficiencies and investments in technology. The segment’s operating income rose 18.6%, and its margin expanded 70 bps year over year to 13.3%.

The U.S. Building Services: Revenues in the segment declined 2.8% from the prior-year quarter’s levels to $755.6 million. Operating income declined 2.8% year over year and the margin was up 20 bps to 5.4%.

U.S. Industrial Services: This segment’s revenues increased 6.9% year over year to $312.7 million. Operating income of the segment declined 19.2%. Operating margin was 3.3% in the quarter, down from 4.3% a year ago.

U.K. Building Services: This segment’s revenues declined 0.8% from the year-ago quarter to $107.9 million. Also, the segment’s operating income decreased 11.5%, and the margin fell 50 bps to 4.5% year over year.

EMCOR’s Q4 Operating Highlights

Gross margin expanded 210 bps year over year to 20.1% in the quarter. Selling, general and administrative expenses increased 12.1% year over year to $368.5 million.

Operating margin in the quarter was 10.3%, up 190 bps from 8.4% year over year.

EME’s 2024 Highlights

Total revenues were up 15.8% to $14.57 billion. EPS came in at $21.52, up 61.7% from a year ago. Gross margin was up 240 bps to 19%.

EME’s Liquidity & Cash Flow

As of Dec. 31, 2024, EMCOR had cash and cash equivalents of $1.34 billion compared with $789.8 million at 2023-end.

Net cash provided by operating activities was $1.41 billion in 2024 compared with $899.7 million in the prior year.

The remaining performance obligations, as of Dec. 31, 2024, increased $1.25 billion year over year to $10.1 billion.

EME’s 2025 Outlook

The company expects annual revenues of $16.1 billion-$16.9 billion. EPS is expected to be within $22.25-$24.00. Operating margins are expected to be between 8.5% and 9.2%.

EMCOR’s Zacks Rank & Peer Releases

EMCOR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Quanta Services Inc. PWR reported mixed results for the fourth quarter of 2024, wherein adjusted earnings beat the Zacks Consensus Estimate, but revenues missed the same. Yet both the top and bottom lines grew year over year.

PWR is leading the industry's transformation amid rising demand for power and infrastructure solutions. The company’s strong portfolio, disciplined execution and customer focus drive consistent growth while expanding market reach. In 2025, it anticipates double-digit revenues, adjusted EBITDA and EPS growth, along with a record backlog.

Gibraltar Industries, Inc.’s ROCK fourth-quarter 2024 adjusted earnings topped the Zacks Consensus Estimate and grew year over year. On the other hand, net sales missed the consensus mark and tumbled year over year.

ROCK’s quarterly bottom-line performance was backed by a favorable mix shift and continued strong operating execution. Although the timing on a large project last year hampered the net sales growth during the quarter, the company is optimistic about the prospects given the robust public spending trends at the federal and state levels.

AECOM ACM reported impressive results for first-quarter fiscal 2025, where earnings surpassed the Zacks Consensus Estimate and grew on a year-over-year basis. Revenues also increased from the prior year, backed by solid organic net service revenue growth in its design business.

As of the fiscal quarter’s end, AECOM’s total backlog was $23.88 billion compared with $23.32 billion reported in the prior-year period. The current backlog level includes 55.2% contracted backlog growth.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Dycom Industries Inc. DY reported strong results for the fourth quarter of fiscal 2025 (ended Jan. 25). Contract revenues and earnings surpassed their respective Zacks Consensus Estimate and increased on a year-over-year basis.

Find the latest EPS estimates and surprises on Zacks Earnings Calendar.

Shares of the company plunged 5.8% during the trading session but gained 1.9% in the after-hours trading session yesterday.

Dycom is positioned for sustained growth, driven by the continued expansion of fiber-to-the-home networks, AI infrastructure investments, and state and federal broadband funding. The company maintained a disciplined capital allocation strategy, balancing acquisitions, share repurchases and organic expansion. Long-term demand visibility remains strong, with potential upside from federal broadband programs expected in the coming years.

Dycom Industries, Inc. Price, Consensus and EPS Surprise

Dycom Industries, Inc. price-consensus-eps-surprise-chart | Dycom Industries, Inc. Quote

DY’s Q4 Earnings & Revenue Discussion

Dycom reported adjusted earnings per share (EPS) of $1.17, which beat the Zacks Consensus Estimate of 91 cents by 28.6% and increased 48.1% from a year ago.

Contract revenues of $1.09 billion surpassed the consensus mark of $1.03 billion by 5.6% and grew 13.9% year over year. Contract revenues rose 7.4% on an organic basis. Acquired businesses contributed $61.5 million, and storm restoration services added $67.9 million to total revenues.

The company’s top five customers contributed 56.7% to total contract revenues (58.6% contributed in the prior year), which increased 14.2% and 4.6% (organically). Revenues from all other customers grew 13.5% and 11.1% organically in the quarter.

Dycom’s largest customer, AT&T, contributed 23.2% to total revenues and grew organically by 22.7%. Lumen (the second-largest customer) contributed 9.5% to total revenues. Comcast contributed 8.1% and Brightspeed represented 8.1% of total revenues. Charter contributed 7.8% to total revenues.

Operations & Backlog Details of Dycom

Adjusted EBITDA increased 24.2% to $116.4 million from a year ago. Adjusted EBITDA margin of 10.7% expanded 90 bps from the year-ago level.

Dycom’s backlog at the fiscal 2025 end totaled $7.760 billion compared with $6.917 billion at the fiscal 2024 end. Of the backlog, $4.6 billion is projected to be completed in the next 12 months.

Dycom’s Fiscal 2025 Highlights

Adjusted EPS was $8.44, an increase of 24.5% from fiscal 2023. Contract revenues grew 12.6% to $4.7 billion. Adjusted EBITDA grew 19.8% to $576.3 million from fiscal 2024. Adjusted EBITDA margin rose by 70 bps to 12.3%.

Dycom’s Balance Sheet & Cash Flow

As of Jan. 25, 2025, Dycom had liquidity of $695.2 million, including cash and cash equivalents worth $92.7 million, compared with $101.1 million as of Jan. 27, 2024. Long-term debt was $933.2 million at the fiscal 2025 end, up from $791.4 million at the fiscal 2024 end.

In fiscal 2025, DY repurchased 410,000 shares of its common stock for $65.6 million.

Dycom’s Fiscal Q1 2026 Guidance

Dycom expects contract revenues between $1.16 billion and $1.2 billion for the first quarter of fiscal 2026. This represents a strong year-over-year increase, driven by continued fiber-to-the-home (FTTH) deployments, hyperscaler long-haul fiber projects and wireless equipment upgrades. However, management acknowledged that the first quarter typically experiences seasonal softness due to winter weather conditions, which can temporarily impact project execution.

Adjusted EBITDA is expected to be between $130.6 million and $140.6 million. This reflects the company's expectation of continued margin expansion despite potential weather-related challenges and the ongoing ramp-up of major projects.

Dycom anticipates diluted EPS in the range of $1.50-$1.73 per share for the fiscal first quarter.

What DY Expects for Fiscal 2026

Dycom provided a full-year revenue outlook for fiscal 2026, projecting growth between 10% and 13% compared to 2025. The forecast does not include storm restoration revenues, and capital expenditures are expected to range from $220 million to $230 million to support continued expansion.

Dycom’s Zacks Rank & Peer Releases

Dycom currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Quanta Services Inc. PWR reported mixed results for the fourth quarter of 2024, wherein adjusted earnings beat the Zacks Consensus Estimate, but revenues missed the same. However, the top and bottom lines grew year over year.

PWR is leading the industry's transformation amid rising demand for power and infrastructure solutions. The company’s strong portfolio, disciplined execution and customer focus drive consistent growth while expanding market reach. In 2025, it anticipates double-digit revenues, adjusted EBITDA and EPS growth, along with a record backlog.

Gibraltar Industries, Inc.’s ROCK fourth-quarter 2024 adjusted earnings topped the Zacks Consensus Estimate and grew year over year. On the other hand, net sales missed the consensus mark and tumbled year over year.

ROCK’s quarterly bottom-line performance was backed by a favorable mix shift and continued strong operating execution. Although the timing on a large project last year hampered the net sales growth during the quarter, the company is optimistic about the prospects, given the robust public spending trends at the federal and state levels.

AECOM ACM reported impressive results for the first quarter of fiscal 2025, where earnings surpassed the Zacks Consensus Estimate and grew on a year-over-year basis. Revenues also increased from the prior year, backed by solid organic net service revenue growth in its design business.

As of the fiscal quarter’s end, AECOM’s total backlog was $23.88 billion compared with $23.32 billion reported in the prior-year period. The current backlog level includes 55.2% contracted backlog growth.

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research