aecom earnings call transcript

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Second, our Professional Services business has a highly variable cost structure. We did at the Investor Day give a guide. Akcie a burzové trhy: grafy akcií, akciový screener, insider trading, správy z finančných trhov, analýzy, akciové portfólia a kryptomeny. Our team's efforts, combined with acting quickly to react to the impact of COVID-19, underscores our confidence in our updated range. Products. I would like to inform all participants this call is being recorded at the request of AECOM. And you've seen the dramatic 200 basis point increase over the past couple of years on our margins. And in fact, we're looking at opportunities where there could be consequences of the pandemic that could increase our margins. Wins for the quarter totaled nearly $9 billion, a record for the Professional Services business. I noticed they were not in the slide deck this quarter. Anything else that you could give us color there? These investments have enabled a relatively seamless transition to remote working, and our ever-expanding digital solutions are deepening our client engagement as well. So I look forward to speaking to everyone again soon. So we're actually doing better than our plan despite the COVID shutdown. Thank you for taking my questions. ET Contents: Prepared. Q3 2019 AECOM Earnings Conference Call. We immediately repaid all of our $1.3 billion of secured debt, and we finished the second quarter with an all-time high cash balance of $1.3 billion and net leverage of 1.2 times. But we've learned at scale there, and we've deployed those learnings around the world, which are helping us maintain productivity in other markets that have gone to remote workforce. In the Americas, organic NSR was effectively unchanged with the prior year. I would like to inform all participants this call is being recorded at the request of AECOM. But more importantly, as we learned from that experience very quickly and we are learning at scale because we're talking about 10,000 employees across China, so we had an opportunity to learn from that and use that experience elsewhere as we move through a remote work environment. Good morning and nice quarter. With the most talented workforce in our industry, I remain confident that the best days for AECOM are yet ahead. Have you factored potential CM weakness into your guidance? I guess first of all, Steve, is our cadence for providing guidance certainly on the next year is when we get toward the beginning of that year. Lara Poloni - President. We are seeing similar impacts from COVID-19 across other markets. As such, we have reiterated our guidance for full year free cash flow of $100 million to $300 million. With the completion of the line, we will and removing two combined cycle jobs from our backlog, we'll have exited the combined cycle business. I'm going to try and simplify it and by simply saying that we gave free we gave cash flow guidance at our Investor Day. Beginning today's presentation is Mike Burke, AECOM's Chairman and Chief Executive Officer. So the bulk of our travel costs are actually funded by our clients. I am very pleased with our performance in both the second quarter and the first half of the year, which reflects the benefits of the many actions we have taken over the past two and half years toward achieving our long-term financial and strategic objectives. There's typically money set aside. There is certainly a run rate impact. But I guess my question is, how much liquidity is too much liquidity? And talks of additional infrastructure stimulus are continuing, which we are well suited to benefit from. Certainly, the revenues from the MTA and Port Authority is certainly going to take a big hit here. But we're closely following a couple of new developments. Event Details. And so when we look at all of those together, it starts to look a little bit like what we saw after the global financial crisis in '07, '08 and '09. And liquidity is highly valued right now, as Troy mentioned earlier. I'll take the first part of the question. Feb 06, 2020 @ 18:22. Disaster response work, it's field hospitals, treatment centers, medical stockpile facilities, global supply chain-type activity. Underlying cash generation in the quarter was mostly consistent with our expectations, and we remain confident in achieving our outlook for the full year. You just need to see the pandemic fade a bit? And there certainly is an opportunity that we believe is accelerated by what the workplace of the future will look like to actually improve margins and to continue to build a path of improved productivity. Yes. We do have that record backlog. Most major global metros have instituted shelter-in-place orders and halted nonessential activities, including nonessential construction. Notably, margins in the Americas segment lead our industry, and we have delivered substantially improved margins in the international segment. And how does it impact on what you do and how those agencies use AECOM to work through that? That was really helpful, Troy. We will continue to prioritize maintaining excess liquidity and reiterate our long-term net leverage target range of two to 2.5 times. Price US$ 54.00 | Buy this Report Now. We've certainly transformed our balance sheet after the sale of the Management Services business. Good morning, afternoon, everybody. It's also helpful remembering that people that are traveling are also billable to clients. ET on Seeking Alpha AECOM 2020 Q3 - Results - Earnings Call Presentation We have one project right now we're doing down in Florida. Realogy Holdings Corp. (NYSE: RLGY) is the leading and most integrated provider of U.S. residential real estate services, encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture. But certainly, we can see, based on the underlying attributes of the business and our confidence in the future, that there is a point in time where we're going to move away and rebalance away from liquidity and toward repurchase. In addition, AECOM brought to the market two proprietary software packages built in EMEA but imported and tailored to U.S. requirements. And it's just been a bit slowed down and a little reluctant to make a precipitous change during the challenging times. Call Participants. Finally, I should note that our results in our discontinued operations in the quarter included an approximately $89 million noncash impairment of goodwill and intangible assets on certain oil and gas-related businesses as a result of the dramatic fall in oil prices. This allows us to quickly respond to changes in the market. Zacks Investment Research - 2 months ago. So there may be an impetus to accelerate some of the infrastructure work in the New York area. Date / Time. It's all being done in a collaborative way. And that's been consistent with the past. In Asia, nearly half of our offices were closed, and 90% of our workforce was working remotely at peak. And the transformation that we've been undertaken to convert to a Professional Services business has a lot of advantages that could position us quite well to consistently deliver on the financial performance we're talking about. So we're making progress, and it'll likely be happen in lumps, but we expect to make that happen over the as soon as the market opens up. So we've been active in doing that. But I think even beyond that, as we look forward, the business itself has a number of attributes that we made reference to and Mike made reference to a little bit earlier that allow us to be adaptable to the environment. We are positioning to capitalize on substantial stimulus and emergency COVID-19 response efforts in our international markets. Importantly, as our performance in Professional Services business underscores, we are benefiting from our lower risk profile, which validates our strategy. Okay. And we'll update you as soon as we have information to provide. Cumulative Growth of a $10,000 Investment in Stock Advisor, AECOM (ACM) Q2 2020 Earnings Call Transcript @themotleyfool #stocks $ACM, AECOM (ACM) Q3 2020 Earnings Call Transcript, AECOM (ACM) Q1 2020 Earnings Call Transcript, AECOM (ACM) Q4 2019 Earnings Call Transcript, AECOM (ACM) Q3 2019 Earnings Call Transcript, Copyright, Trademark and Patent Information.

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