|AECOM Updates Fiscal Year 2008 Earnings-Per-Share Guidance|
Better performance across the business fuels guidance update
LOS ANGELES--(BUSINESS WIRE)--Sept. 18, 2008--AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today at the D.A. Davidson & Co. Engineering and Construction Conference in San Francisco that it expects its fiscal year 2008 earnings per share (EPS) to exceed the top end of its previously stated range of $1.34 to $1.37. This improvement in earnings guidance is attributed to strong performance across multiple areas of the business.
"We continue to see solid demand for our services along with strong performance by our global operations," said John M. Dionisio, AECOM president and chief executive officer. "The global infrastructure market continues to experience solid growth."
Interested parties can access presentation materials from today's conference by visiting the Investor Relations page of AECOM's Internet site at http://investors.aecom.com. An archived version of the presentation will be available following the event for 30 days.
AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy. With more than 41,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural, and social environments. AECOM serves clients in more than 100 countries and had revenue of $4.7 billion during the 12-month period ended June 30, 2008. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any projections of earnings or other financial items; any statements of the plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in forward-looking statements include: uncertainties related to funding, audits, modifications and termination of long-term government contracts; losses under fixed-price contracts; limited control over operations run through our joint venture entities; misconduct by our employees or consultants or our failure to comply with laws or regulations; failure to successfully execute our merger and acquisition strategy; the need to retain and recruit key technical and management personnel; and unexpected adjustments and cancellations related to our backlog. Additional factors that could cause actual results to differ materially from our forward-looking statements are set forth in our reports filed with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statement.
CONTACT: AECOM Technology Corporation