AECOM announces completion of approximately $155 million stock repurchase program and initiation of additional up to $300 million repurchase program

LOS ANGELES--(BUSINESS WIRE)--AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, announced it expects to complete today an approximately $155 million share repurchase program, which was initiated in September. In addition, the Company has entered into a plan to repurchase up to $300 million of stock through open market repurchases based on a pre-determined pricing grid during the first quarter of fiscal year 2021. After giving effect to the September share repurchase program, the Company has approximately $605 million remaining under its existing Board repurchase authorization.

“We are successfully executing on our financial and strategic priorities, which gives us great confidence as we accelerate our capital returns to stockholders,” said Troy Rudd, AECOM’s chief executive officer. “With the momentum in the business continuing, we are committed to executing on our capital allocation policy, including repurchasing shares with substantially all available cash and free cash flow, in order to fully deliver on the substantial shareholder value creation opportunity in front of us.”

About AECOM

AECOM (NYSE:ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. We partner with our clients in the public and private sectors to solve their most complex challenges and build legacies for generations to come. On projects spanning transportation, buildings, water, governments, energy and the environment, our teams are driven by a common purpose to deliver a better world. AECOM is a Fortune 500 firm and its Professional Services business had revenue of approximately $13.6 billion in fiscal year 2019. See how we deliver what others can only imagine at aecom.com and @AECOM.

Forward-Looking Statements

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