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AECOM reiterates long-term financial forecast

Dec. 11, 2018 8:42 AM ETAECOM (ACM) StockBy: Yoel Minkoff, SA News Editor
  • AECOM (NYSE:ACM) will hold its Investor Day in New York City today, at which the company will reiterate its long-term financial targets through fiscal 2022.
  • The positive outlook reflects a strong foundation for growth exiting fiscal 2018, including a record backlog and end market and business development momentum.
  • In addition, the company’s outlook is benefiting from recently-announced strategic actions, including a substantial $225M reduction in G&A and ongoing efforts to prioritize investments to higher-margin and lower-risk opportunities.
  • ACM +0.2% premarket

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