Poloni Lara purchased $298K of ACM

AECOM (ACM) has appointed Dwight Pullen as the new Chief Executive of its Global Transportation business line, replacing interim leader Russell Jackson. The company expects this change to support its growing transportation pipeline, but investors should monitor backlog wins and margin trends for further insights.

AECOM secured a contract to design the widening of Highway 400 in Ontario, adding lanes and infrastructure. The project aims to reduce congestion and support economic growth, according to industry associations.

AECOM (ACM) stock has dropped 30.1% in the past six months due to project execution issues, delayed starts, and cash-flow pressures. The company reported a $337M pre-tax charge in Q3 2026 and expects cash flow to remain under pressure into fiscal 2027. Despite near-term risks, AECOM's long-term growth is supported by infrastructure spending, a record backlog, and AI investments.

AECOM (ACM) and Jacobs (J) won a major contract for Ireland's MetroLink project, boosting AECOM's backlog to $27.8B. However, a $337M charge from a troubled project erased Q3 profit, pushing operating income to a loss. AECOM's international revenue grew 6%, but it cut full-year revenue growth outlook. Hedge fund ownership increased, and the stock trades at a forward P/E of 9.97.

AECOM announced that David Gan, its Chief Legal Officer, will retire on October 2, 2026, and serve as a Senior Advisor until mid-2027. Manav Kumar, General Counsel, will replace Gan, ensuring continuity in legal and public affairs leadership.

Transport Infrastructure Ireland (TII) selected the Jacobs AECOM consortium as the Programme Delivery Partner for the Dublin MetroLink project. The 19 km metro line will have 16 stations and connect Sinners, Dublin Airport, and the city center. The project aims to reduce congestion, support economic growth, and decarbonize transport. A EUR 7.3 billion tender was launched for infrastructure and services.