AECOM Technology (ACM) Aims for FCF of $1B Over Next Five Years

December 4, 2012 4:31 PM EST
AECOM Technology Corporation (NYSE: ACM) 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.”

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