Company reaffirms its fiscal year 2013 targets
LOS ANGELES--(BUSINESS WIRE)--Dec. 4, 2012--
AECOM Technology Corporation (NYSE: ACM), a leading provider of
professional technical and management support services for public and
private clients in over 130 countries around the world, continues to
successfully execute on its strategy for profitable growth, balanced
capital allocation and disciplined financial management, John M.
Dionisio, AECOM chairman and chief executive officer, will tell analysts
at the company’s annual analyst event today in New York City. The event
will also feature presentations from other members of AECOM’s senior
leadership team, including: Michael S. Burke, president; Jane
Chmielinski, chief operating officer; Fred Werner, president, EMEA; and
Stephen M. Kadenacy, executive vice president and chief financial
officer.
“Since our founding 22 years ago, we have grown rapidly to become our
clients’ trusted architects, engineers, construction managers, and
operations and maintenance experts,” said Dionisio. “We are the number
one global design firm in the world, and we believe there are ample
opportunities to expand further during the next decade, both in emerging
and mature markets.”
The company’s long-term growth plan is focused on organic expansion and
targets a greater mix of revenue and profit from multinational
corporations, high-margin technical and construction services, and
emerging markets such as Africa, China, India, the Middle East, Eastern
Europe, Latin America and natural-resource rich economies.
“We are focused on growing the business profitably, increasing our
returns on investment and maximizing value for our shareholders,” said
Burke. “Over the next 5 years, we expect to generate at least $1 billion
in free cash flow(1), which will support our balanced capital
allocation priorities, including organic investments, acquisitions and
share repurchase.”
A live webcast of the analyst event, which begins at 6:30 p.m. Eastern,
as well as presentation materials, will be accessible by visiting the
Investors page on AECOM's website at http://investors.aecom.com.
An archived version of the webcast will also be available following
today’s session.
About AECOM
AECOM is a global provider of professional technical and management
support services to a broad range of markets, including transportation,
facilities, environmental, energy, water and government. With
approximately 45,000 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 create, enhance and sustain the world's built,
natural, and social environments. A Fortune 500 company, AECOM
serves clients in more than 130 countries and had revenue of $8.2
billion during the 12 months ended Sept. 30, 2012. More information on
AECOM and its services can be found at www.aecom.com.
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(1)
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AECOM expects to generate net cash provided by operating
activities in excess of $1 billion over the next five years. Free
cash flow, which is a non-GAAP measure, is defined as net cash
provided by operating activities less payments for capital
expenditures. The company anticipates that the cumulative
net cash provided by operating activities over the next five
years, reduced by payments for capital expenditures over the same
period of time, will also be in excess of $1 billion. AECOM
believes that non-GAAP financial measures such as free cash flow
also provide a meaningful perspective on its business results as
the company utilizes this information to evaluate and manage the
business.
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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, free cash flow, profit margins and
statements of plans for future operations and growth, including with
respect to our share repurchase program. AECOM believes that
non-GAAP financial measures such as EBITDA and free cash flow also
provide a meaningful perspective on its business results as the company
utilizes this information to evaluate and manage the business. Actual
results could differ materially from those projected or assumed in any
of our forward-looking statements. Important factors that could
cause actual results to differ materially from our forward-looking
statements are set forth in our annual report on Form 10-K for the
fiscal year ended Sept. 30, 2012, and our other reports filed with the
U.S. Securities and Exchange Commission. AECOM does not intend, and
undertakes no obligation, to update any forward-looking statement.
NR 12-1201
Source: AECOM Technology Corporation
AECOM Technology Corporation
Media:
Paul Gennaro,
212-973-3167
SVP & Chief Communications Officer
Paul.Gennaro@aecom.com
or
Investors:
Lynn
Antipas Tyson, 646-432-8428
SVP, Investor Relations
Lynn.Tyson@aecom.com
