Last $30.04 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:04 PM 10/17/14 All times are local (Market data is delayed by at least 15 minutes).

aecom technology corp (ACM) Snapshot

Open
$29.25
Previous Close
$30.04
Day High
$30.56
Day Low
$29.24
52 Week High
08/26/14 - $38.24
52 Week Low
10/15/14 - $27.23
Market Cap
3.0B
Average Volume 10 Days
2.6M
EPS TTM
$2.52
Shares Outstanding
99.5M
EX-Date
--
P/E TM
11.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for AECOM TECHNOLOGY CORP (ACM)

aecom technology corp (ACM) Related Businessweek News

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aecom technology corp (ACM) Details

AECOM Technology Corporation, together with its subsidiaries, provides professional technical and management support services for public and private clients in worldwide. The company operates through two segments, Professional Technical Services (PTS) and Management Support Services (MSS). The PTS segment offers planning, consulting, architectural and engineering design, and program and construction management services for a range of projects, including highways, airports, bridges, mass transit systems, government and commercial buildings, water and wastewater facilities, and power transmission and distribution. It also provides environmental management services, such as remediation, regulatory compliance planning and management, environmental modeling, environmental impact assessment, and environmental permitting for major capital/infrastructure projects. This segment serves industrial, commercial, institutional, and government clients in transportation, facilities, environmental, energy, water, and government markets. The MSS segment provides program and facilities management and maintenance, training, logistics, consulting, technical assistance, systems support and integration, technical personnel placement, and field services primarily for agencies of the United States government. The company was founded in 1980 and is headquartered in Los Angeles, California.

43,400 Employees
Last Reported Date: 08/6/14
Founded in 1980

aecom technology corp (ACM) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $818.8K
President and Chief Financial Officer
Total Annual Compensation: $562.5K
Executive Chairman
Total Annual Compensation: $1.1M
Chief Operating Officer and President of The ...
Total Annual Compensation: $615.0K
Chief Growth Officer and President of Europe-...
Total Annual Compensation: $593.8K
Compensation as of Fiscal Year 2013.

aecom technology corp (ACM) Key Developments

AECOM Technology Corporation Announces Management Changes; Enters into New Credit Agreement

In accordance with the terms of the Merger Agreement, effective upon the consummation of the Merger, the AECOM Technology Corporation's Board of Directors was increased from 11 to 13 directors, and two former directors of URS were elected to the Board to fill the newly created vacancies: Douglas W. Stotlar was elected as a Class I director of the Board to serve until AECOM's 2015 annual meeting of stockholders and until his successor is elected and qualified, and William H. first was elected as a Class II director of the Board to serve until AECOM's 2016 annual meeting of stockholders and until his successor is elected and qualified. Jane Chmielinski, Chief Operating Officer and President of Americas of AECOM, has informed AECOM that she will be retiring from AECOM on April 1, 2015. In connection with Ms. Chmielinski's decision to retire and integration efforts related to the Merger, it has been determined that, effective upon the consummation of the Merger, certain roles and responsibilities of Ms. Chmielinski (including those relating to enterprise corporate functions) shall be reassigned to Thomas Bishop, who is the Former Executive Chairman of URS's operations in Europe, the Middle East and India, and who will now head AECOM's Americas Design and Consulting Services operations. Ms. Chmielinski will continue to hold the title of Chief Operating Officer and President of Americas until the earlier of her retirement and the appointment of her successor. Effective October 17, 2014, Stephen M. Kadenacy, AECOM's Chief Financial Officer, will serve as AECOM's President and Chief Financial Officer, reporting to Michael S. Burke, Chief Executive Officer. Mr. Kadenacy will lead AECOM's global financial operations, which include accounting, financial planning and analysis, financial reporting, insurance, internal audit, investor relations, tax, and treasury. He will also oversee AECOM's information technology, mergers and acquisitions, procurement and real estate functions, as well as AECOM's enterprise project delivery efforts. In connection with the consummation of the transactions contemplated by the Merger Agreement, on October 17, 2014, AECOM entered into a new credit agreement (the Credit Agreement) among AECOM, certain of its subsidiaries (together with AECOM, the Borrowers), certain lenders and Bank of America, N.A., as administrative agent and as a lender. The Credit Agreement consists of a term loan A facility in an aggregate principal amount of $1.925 billion, a term loan B facility in an aggregate principal amount of $1.1875 billion, a revolving credit facility in an aggregate principal amount of $1.05 billion, and an incremental performance letter of credit facility in an aggregate principal amount of $500 million. The foregoing facilities under the Credit Agreement may be increased by an additional amount of up to $500 million. The loans may be borrowed in dollars or in certain foreign currencies and bear interest at either the Base Rate (as defined in the Credit Agreement) or the Eurocurrency Rate (as defined in the Credit Agreement). With respect to the term loan B facility, the applicable margin for Base Rate loans is 2.00% and the applicable margin for the Eurocurrency Rate loans is 3.00%. With respect to the term loan A facility, and the revolving credit facility, the applicable margin for the Base Rate loans is a range of 0.75% to 1.75% and the applicable margin for the Eurocurrency Rate loans is a range of 1.75% to 2.75%, based on the consolidated leverage ratio as calculated pursuant to the Credit Agreement. In addition to these borrowing rates, there is a commitment fee which ranges from 0.25% to 0.50% on any unused commitments. The applicable fees for issuance of letters of credit under the revolving credit facility and the performance letter of credit facility is a range of 1.125% to 1.625%.

Aecom's Global Chief Executive of Building Engineering David Glover to Leave the Firm

Aecom's global head of engineering, who has played a leading role on the firm's Serpentine Pavilion projects, is stepping down from the consultant. Aecom confirmed that David Glover, Aecom's global chief executive of building engineering, will depart at the end of October to take up the role of chief executive at Intelligent Engineering. Glover, who joined Aecom in 2011, would continue to work with the firm as a consultant.

AECOM Technology Corporation Completes Offering of 5.750% Senior Notes Due 2022 and 5.875% Senior Notes Due 2024

On October 6, 2014, AECOM Technology Corporation completed an offering of $800,000,000 aggregate principal amount of its 5.750% Senior Notes due 2022 and $800,000,000 aggregate principal amount of its 5.875% Senior Notes due 2024. The Notes were sold in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States pursuant to Regulation S under the Securities Act. The proceeds of the Notes offering were placed in an escrow account pending the consummation of the URS acquisition and certain other conditions. Interest will be payable on the 2022 Notes at a rate of 5.750% per annum and on the 2024 Notes at a rate of 5.875% per annum. Interest on both series of Notes will be payable semi-annually on April 15 and October 15 of each year, commencing on April 15, 2015. The 2022 Notes will mature on October 15, 2022, and the 2024 Notes will mature on October 15, 2024. At any time prior to October 15, 2017, the Company may redeem all or part of the 2022 Notes, at a redemption price equal to 100% of their principal amount, plus a make whole premium as of the redemption date, and accrued and unpaid interest. In addition, at any time prior to October 15, 2017, the Company may redeem up to 35% of the original aggregate principal amount of the 2022 Notes with the proceeds of one or more equity offerings, at a redemption price equal to 105.750%, plus accrued and unpaid interest. Furthermore, at any time on or after October 15, 2017, the Company may redeem the 2022 Notes, in whole or in part, at once or over time, at the specified redemption prices plus accrued and unpaid interest thereon to the redemption date. At any time prior to July 15, 2024, the Company may redeem on one or more occasions all or part of the 2024 Notes at a redemption price equal to the sum of (i) 100% of the principal amount thereof, plus (ii) a make-whole premium as of the date of the redemption, plus any accrued and unpaid interest to the date of redemption. In addition, on or after July 15, 2024, the 2024 Notes may be redeemed by the Company at a redemption price of 100% of the principal amount thereof, plus accrued and unpaid interest to the date of redemption.

 

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ACM

Industry Average

Valuation ACM Industry Range
Price/Earnings 12.2x
Price/Sales 0.4x
Price/Book 1.3x
Price/Cash Flow 12.3x
TEV/Sales 0.2x
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