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AECOM Takes $337 Million Charge for 2019 Project Under New Risk Rules

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Sig3.45Sen-2.10Env0.00Soc0.00Gov-0.85

AECOM recorded a $337 million pre-tax charge tied to a 2019 construction management contract, saying the deal was set under risk terms it would not accept today. Higher projected costs, including lower subcontractor productivity that delayed completion, weighed on results. The company expects substantial completion in Q2 fiscal 2027, with backlog up 13% to a record and guidance of about $300 million free cash flow and adjusted EPS of $3.95 to $4.15.

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