AECOM Rides Transportation Projects to Record Backlog Growth

AECOM Rides Transportation Projects to Record Backlog Growth

November 15, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering and design-build firm AECOM (NYSE:ACM) (Los Angeles, California) saw an uptick in its project backlog at the end of its 2022 fiscal year, which wrapped up in September. Despite the impact of a stronger dollar, the company's global design business reported its highest quarterly growth rate in more than a decade. Total backlog in the design business increased by 8%, fueled by transportation and energy-related projects.

Industrial Info is tracking more than $53 billion worth of projects worldwide that are using AECOM's services, including nearly $20 billion within the U.S. The bulk of these projects--more than $14 billion worth--are state or municipal transportation-system projects. On the renewables front, AECOM is serving as environmental consultant for a major municipal project in California and an offshore wind project near Massachusetts.

Other companies featured: Shell plc (NYSE:SHEL), EDP Renewables North America, Engie S.A., Eversource Energy (NYSE:ES), National Grid plc (NYSE:NGG) and Unitil Corporation (NYSE:UTL).

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