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Released August 11, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--As the world emerges from COVID-19 lockdowns, engineering and design-build firms like AECOM (NYSE:ACM) (Los Angeles, California) are seeing growth in their project pipelines. Industrial Info is tracking more than $41 billion in projects across the world in which AECOM has a hand.
Click on the image at right for a breakdown by industry of active projects involving AECOM.
AECOM weathered the downturn in project activity brought about by the COVID-19 pandemic, and things appear to be looking up. In the company's earnings conference call for its recently completed third fiscal quarter of 2021, AECOM Chief Executive Officer Troy Rudd said, "Backlog in the construction management business increased sequentially, albeit modestly, for the first time in several quarters. In addition, our pipeline of opportunities in our Americas design business has increased by double digits since the beginning of the year, and the international pipeline increased by single digits. These are great signs for the health of our market and the success of our strategy."
Among AECOM's largest projects are those involving light rail, such as the Green Line extension project in Minneapolis, Minnesota. The project entails adding 14.5 miles of double-track rail along with 15 stations, which will serve surrounding communities and go into downtown Saint Paul. AECOM is providing design-engineering on the project, which kicked off in 2019 and is expected to be completed in early 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for the detailed project report. The company is at work on other rail projects in communities such as Honolulu, Hawaii; Phoenix, Arizona; and Ontario.
Other major projects include those at airports, such as the terminal modernization project at the Logan International Airport in Boston, Massachusetts, for which AECOM is providing architectural services. The project, which kicked off in 2019, is the first of a planned two-phase project and includes constructing 400,000 square feet of new terminal space and performing renovations to the existing 800,000-square-foot Terminal E structure to consolidate passenger security checkpoints and modernize other aspects, including baggage systems. Four new aircraft gates will be constructed to help accommodate current and anticipated operation volumes. The project is expected to wrap up by the start of next year. Subscribers can click here for the detailed project report.
Industrial Info is tracking more than $11.5 billion in Power Industry project in which AECOM is participating, such as a transmission line rebuild and substation expansion near Massena, New York, near the Canadian border. AECOM is performing engineering for the project, which includes upgrading more than 80 miles of transmission line and replacing more than 1,600 structures with new ones. In addition, the Moses switching substation will be expanded by adding a new 345-kilovolt switchyard using newer technology. The project started last year and is expected to be completed in 2023. Subscribers can click here to see related project reports.
AECOM also is playing a role in one the U.S.' largest projects: the construction of Royal Dutch Shell plc's (NYSE:RDS-A) (The Hague, Netherlands) petrochemical facility in Monaca, Pennsylvania. AECOM is providing environmental consulting for the ethane pipeline that will feed the plant. The pipeline will transport up to 107,000 barrels per day (BBL/d) of ethane from Scion, Ohio, to the new plant. While the project was impacted by COVID-19, it is on track to be completed in the coming months. Subscribers to Industrial Info's Pipelines Project Database can click here for the detailed project report.
AECOM is providing engineering, procurement and construction services on another U.S. pipeline: Holly Energy Partners LP's (NYSE:HEP) (Dallas, Texas) 50-mile crude oil pipeline from Cushing, Oklahoma, to Tulsa, which will carry up to 160,000 BBL/d to Holly's refining complex. Construction kicked off last year and is approaching its end. Subscribers can click here for the project report.
Like other companies, AECOM is increasingly focusing on environmental, social and governance (ESG) ideals and was able to list at least one sizable transportation project in the U.S. in which the company's ESG proposals helped it in being selected for the project. In a press release, President Lara Poloni said, "ESG initiatives are increasingly a core driver for our clients as they advance multi-decade sustainability initiatives. With our Sustainable Legacies strategy, we are leading alongside our clients with a commitment to advance our own industry-leading net zero and diversity commitments, including incorporating carbon reduction and ESG strategies into all our major projects..."
While AECOM's third fiscal quarter net income was down from last year because of the redemption of senior notes, its revenues were up, rising 7% from the prior-year quarter to $3.4 billion. Operating income increased by 35% to $160 million.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Click on the image at right for a breakdown by industry of active projects involving AECOM.AECOM weathered the downturn in project activity brought about by the COVID-19 pandemic, and things appear to be looking up. In the company's earnings conference call for its recently completed third fiscal quarter of 2021, AECOM Chief Executive Officer Troy Rudd said, "Backlog in the construction management business increased sequentially, albeit modestly, for the first time in several quarters. In addition, our pipeline of opportunities in our Americas design business has increased by double digits since the beginning of the year, and the international pipeline increased by single digits. These are great signs for the health of our market and the success of our strategy."
Among AECOM's largest projects are those involving light rail, such as the Green Line extension project in Minneapolis, Minnesota. The project entails adding 14.5 miles of double-track rail along with 15 stations, which will serve surrounding communities and go into downtown Saint Paul. AECOM is providing design-engineering on the project, which kicked off in 2019 and is expected to be completed in early 2023. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for the detailed project report. The company is at work on other rail projects in communities such as Honolulu, Hawaii; Phoenix, Arizona; and Ontario.
Other major projects include those at airports, such as the terminal modernization project at the Logan International Airport in Boston, Massachusetts, for which AECOM is providing architectural services. The project, which kicked off in 2019, is the first of a planned two-phase project and includes constructing 400,000 square feet of new terminal space and performing renovations to the existing 800,000-square-foot Terminal E structure to consolidate passenger security checkpoints and modernize other aspects, including baggage systems. Four new aircraft gates will be constructed to help accommodate current and anticipated operation volumes. The project is expected to wrap up by the start of next year. Subscribers can click here for the detailed project report.
Industrial Info is tracking more than $11.5 billion in Power Industry project in which AECOM is participating, such as a transmission line rebuild and substation expansion near Massena, New York, near the Canadian border. AECOM is performing engineering for the project, which includes upgrading more than 80 miles of transmission line and replacing more than 1,600 structures with new ones. In addition, the Moses switching substation will be expanded by adding a new 345-kilovolt switchyard using newer technology. The project started last year and is expected to be completed in 2023. Subscribers can click here to see related project reports.
AECOM also is playing a role in one the U.S.' largest projects: the construction of Royal Dutch Shell plc's (NYSE:RDS-A) (The Hague, Netherlands) petrochemical facility in Monaca, Pennsylvania. AECOM is providing environmental consulting for the ethane pipeline that will feed the plant. The pipeline will transport up to 107,000 barrels per day (BBL/d) of ethane from Scion, Ohio, to the new plant. While the project was impacted by COVID-19, it is on track to be completed in the coming months. Subscribers to Industrial Info's Pipelines Project Database can click here for the detailed project report.
AECOM is providing engineering, procurement and construction services on another U.S. pipeline: Holly Energy Partners LP's (NYSE:HEP) (Dallas, Texas) 50-mile crude oil pipeline from Cushing, Oklahoma, to Tulsa, which will carry up to 160,000 BBL/d to Holly's refining complex. Construction kicked off last year and is approaching its end. Subscribers can click here for the project report.
Like other companies, AECOM is increasingly focusing on environmental, social and governance (ESG) ideals and was able to list at least one sizable transportation project in the U.S. in which the company's ESG proposals helped it in being selected for the project. In a press release, President Lara Poloni said, "ESG initiatives are increasingly a core driver for our clients as they advance multi-decade sustainability initiatives. With our Sustainable Legacies strategy, we are leading alongside our clients with a commitment to advance our own industry-leading net zero and diversity commitments, including incorporating carbon reduction and ESG strategies into all our major projects..."
While AECOM's third fiscal quarter net income was down from last year because of the redemption of senior notes, its revenues were up, rising 7% from the prior-year quarter to $3.4 billion. Operating income increased by 35% to $160 million.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
