We are working closely with federal, state and local clients to respond to the immediate needs created by COVID-19, including temporary hospitals. Please go ahead. And we expect that due to their political clout, they will be the primary beneficiaries of any federal stimulus activity that gets directed toward New York. For instance, we now recognize how productive our employees can remain while working remotely. In fact, we've got 50,000 projects going on at any one point in time around the world. Q3 2019 AECOM Earnings Conference Call. Contents: Prepared Remarks. Thanks gentlemen and stay healthy. Organic NSR declined by 2%. Look, I think I don't believe at this point in time, you can be overly conservative in terms of liquidity. If for some reason, we did see some of the backlog get canceled and revenue for this Professional Services business was down 10%, how does that flow through to what percent change to your operating profit since you do have a capital-light and high variable cost structure? Perfect, thank you. Any rebroadcast of this information in whole or part without the prior written permission of AECOM is prohibited. Q1 2020 AECOM Earnings Call...finance yahoo. So let me kick that off, and then I'll ask Randy to talk about the IT investments we've made because it's been such a big facilitator of this. In the Americas, organic NSR was effectively unchanged with the prior year. You can get things done much more efficiently. Mr. Burke, I turn the call back over to you. We have repaid all of our secured debt, and we exited the second quarter with a $1.3 billion cash balance and net leverage of 1.2 times. We didn't stop when we got through that first tranche, and we're not going to stop as we get through this next tranche of margin improvement opportunities. In our construction management business, more than 85% of our projects are continuing to move forward, including more than 70% in New York despite temporary nonessential construction shutdowns. AECOM (NYSE:ACM) Q4 2020 Earnings Conference Call November 16, 2020 12:00 PM ET. Most of the work is already behind us. News. As we move into the second half of the year, we've got again a clear line of sight to that range of cash flow. Your guidance is implying like $700 million of free cash flow here in the rest of the fiscal year. You do have the luxury of having a very robust backlog. I would like to turn the call over to Will Gabrielski, Senior Vice President, Investor Relations. Have you factored potential CM weakness into your guidance? And we are have made good progress over the last couple of years in getting rid of we got rid of our International Development business. I was going to say, so and beyond that, there are a number of programs that the governments around the world have put in place to support the population and our workforce. Yes. So again, supporting that bridge, in fact, is having us actually collect beyond what we expected in April, so supporting an improvement in working capital in the second half of the year. Motley Fool Transcribers, The Motley Fool. And then beyond that, we now have a lot of confidence that because of the impact of the virus and our ability for our workforce to work remotely, it also presents additional opportunity with respect to how we would change the dynamics of how people work and the impact that would have on our real estate portfolio. Today's comments will focus on continuing operations unless otherwise noted. Edited Transcript of ACM earnings conference call or presentation 5-May-20 4:00pm GMT fool. Great. This strong performance was achieved despite substantial COVID-related downtime in Asia during February, which speaks to the commitment of our people and the resilience of our organization. ET. And as you pointed out, it's dependent upon some of the key attributes of our business. So we believe that there'll be opportunities as the market and infrastructure spend starts happening. And again, one of the things that we spend a lot of time on in February, and we still continue to do this almost on a weekly basis, is making sure that we keep updating and stress-testing what we think is the range of outcomes for the business. You saw our backlog up double digit to $42 billion in the quarter. Good morning and nice quarter. We are positioning to capitalize on substantial stimulus and emergency COVID-19 response efforts in our international markets. We still again look forward and we think that based on the underlying nature of our business and the marketplaces that we're in, that we have the ability to deliver profitable growth into 2021. AECOM (ACM) CEO Mike Burke on Q3 2020 Results - Earnings Call Transcript. And the good news about those states is those states coming into this had significant stabilization and rainy day funds. ET. Maybe you can talk about your confidence in because I know you had a big backlog coming into the pandemic. Clearly, in this environment where people are concerned about delay in payment, we have a highly engaged group of people here that are focused on making sure that they're on top of that. [Operator Instructions]. And one of those is, again, remote working and rethinking your real estate portfolio. Thanks, Mike. With these actions, we achieved our top priority: keeping our key assets, the many talented people across our organization safe, employed and highly engaged with clients. AECOM Technology (NYSE: ACM) Q4 2018 Earnings Conference Call Nov. 12, 2018, 12:00 p.m. Troy? And they were built around real estate improvements, design centers, built around use of our shared service center. There's some claims that certainly could be a source of cash in the next couple of years that are on your balance sheet as well. Yes, yes. Cumulative Growth of a $10,000 Investment in Stock Advisor, AECOM (ACM) Q2 2020 Earnings Call Transcript @themotleyfool #stocks $ACM, AECOM (ACM) Q3 2020 Earnings Call Transcript, AECOM (ACM) Q1 2020 Earnings Call Transcript, AECOM (ACM) Q4 2019 Earnings Call Transcript, AECOM (ACM) Q3 2019 Earnings Call Transcript, Copyright, Trademark and Patent Information. So just in terms of our confidence moving forward, we have a higher degree of confidence in our guidance than we did certainly a few weeks ago. Importantly, as Mike noted, we are also successfully mitigating the headwind from 10 lost workdays in Mainland China, and we are seeing market conditions begin to normalize. This was a global initiative that involved hundreds of key operational and finance leaders across the organization. How does that play through? The appropriate GAAP financial reconciliations are incorporated into our presentation where available, which is posted on our website. And then secondly, we have a digital environmental impact assessment software. Your next question comes from the line of Michael Dudas with Vertical Research. Will Gabrielski - SVP, IR. And again, to your point about what we're seeing in the marketplace is we certainly have been active in helping local governments, trying to help people through the impact of the pandemic and supporting healthcare initiatives and supporting just governments and figuring out how they work their way through this, so project management types of projects. I'm just curious whether there's been a reassessment on the potential for those programs, whether some of those actions can be accelerated or expanded and just to what extent a weaker macro backdrop extends the time line to achieve the financial targets you outlined. AECOM (ACM) Q2 2020 Earnings Call Transcript ACM earnings call for the period ending March 31, 2020. Our backlog in the Americas increased by 16% and set a new record. So again, as Mike pointed out a little earlier, we spend about $400 million a year on real estate. Mike? Your next question comes from the line of Steven Fisher with UBS. And kind of what does that tell us to expect elsewhere in the world as we restart? Prepared Remarks: Operator. And how confident are you in the backlog that you have in getting there? That will mean that you only have maybe a couple of hundred million dollars of net debt, plus you have a U.S. Virgin Islands big receivable that's getting paid, albeit slowly that's on there. So we won't specifically do that until the fourth quarter. But certainly, we can see, based on the underlying attributes of the business and our confidence in the future, that there is a point in time where we're going to move away and rebalance away from liquidity and toward repurchase. Randall A. Wotring -- Chief Operating Officer. That's great insight. They wanted to see that capability immediately, and I think it allowed us to differentiate ourselves quite a bit. Andy, this is Randy. In that market, we went into this year expecting a double-digit decline in revenue going into the year because of some of the challenges and protests in Hong Kong. I guess then, and my second question, Mike, any color you can give in terms of what's going on with the CEO search? This is a timing-only impact, and our full year free cash flow guidance includes this collection. Glad you guys are healthy and well great. Nobody is traveling, and that does have the benefit to your P&L. So that characteristic remains unchanged. Okay, great, thanks. As I think I may have mentioned this a little bit earlier, our April results were ahead of our expectations on NSR, earnings and cash. Your line is open. AECOM is a Fortune 500 firm with revenue of approximately $20.2 billion during fiscal year 2018. Yes. Market data powered by FactSet and Web Financial Group. Aviation was formerly 1% of our business in CM. AECOM Q2 2010 Earnings Conference Call Transcript – 2010-05-06 – US$ 54.00 – Final Transcript of ACM earnings conference call or presentation, 6-May-10 11:00am ET AECOM at Bank of America Securities Merrill Lynch Industrials Conference Transcript – 2009-12-08 – US$ 54.00 – Final Transcript of ACM presentation, 8-Dec-09 9:00am ET So there are some things that just naturally have fallen away in the business. AECOM Technology (NYSE: ACM) Q4 2018 Earnings Conference Call Nov. 12, 2018, 12:00 p.m. As a reminder, AECOM is also simulcasting this presentation and slides at the Investors section at www.aecom.com. Tuesday, Aug 6, 2019 at 12:00 PM EDT Investor … Just, Troy, on the free cash flow bridge, I think I missed a few things. The state departments of transportation are asking for about $50 billion of direct funding for transportation in the states. Our updated guidance balances the near-term uncertainties posed by COVID-19 against the strong backlog growth and underlying momentum in the business. And so we think there will be additional economic relief through CARES Act, too. So those are the that's the principal lever that we have. I'll jump in and take that. Turning to our international segment. Please turn to slide six. Good. I am proud of our response. Beginning today's presentation is Mike Burke, AECOM's Chairman and Chief Executive Officer. And then just a quick follow-up on the state and local budget situation. Is that going to prove any competitive advantage for you guys as you move forward as the customer base I'm thinking more on the public side but maybe even private as well, accelerate and adapt to the changes that we're seeing? These reductions, when achieved, would be equivalent to eliminating the environmental impact of burning nearly 40 million pounds of coal every year. The first is the virtual consultation software that Mike talked about that let us respond to U.S. federal asks to streamline permitting processes. Okay. Prepared Remarks: Operator. The construction management business, first of all, it's more diversified today than it's ever been. And then with U.S. stimulus, I mean I really hope you're right, but man, the Republicans seem to be putting up a big fight on any kind of Phase four or infrastructure stimulus. And then in terms of what we're seeing as a result of the pandemic and government stimulus, we haven't planned any of the stimulus into our guidance. Adam Thalhimer -- Thompson, Davis -- Analyst. Thank you, Will. We've come to the end of our April results, and so where we sit today is we actually have seven months of results. So far, we've seen 18 cancellations, 18 out of 50,000. As a result, backlog increased by 14% to a new all-time high of $42 billion, providing substantial visibility against an increasingly dynamic macroeconomic backdrop. This includes a more than $700 billion infrastructure investment program in the U.K., along with approximately $100 billion of stimulus funding in Australia and Hong Kong. This is the last quarter of material headwinds to growth related to our storm recovery work. Underpinning this strong performance was continued margin expansion of 200 basis points in the quarter. AECOM had a positive return on equity of 9.13% and a negative net margin of 1.41%. Contents: Prepared Remarks. Our confidence is supported by the highly cash-generative nature of our business, which remains unchanged, as well as the normal second half weighted phasing of our free cash flow. And then with that work, we've also developed a significant number of trigger points or levers, the adjustments that we make to react to what we might find, either it might be on a client basis or a project basis or even an office basis. We have won hundreds of millions of dollars of work already. Date / Time. So Mike, you just teed it up. Please turn to slide 10. Clearly, our financial performance over the past six quarters has been clear that we're delivering on our strategy and we're exceeding all the targets that we've set. Importantly, we have built significant momentum across the business, including a sixth consecutive quarter of double-digit adjusted EBITDA growth and substantial margin improvement. Thank you. And I was wondering if you could address that. Please turn to slide seven. Both the EMEA and Asia Pacific regions contributed to this improvement, with the benefits primarily from optimized overhead costs and the expanded use of best cost design and shared service centers resulting in increased profitability. Sean, it's Troy. And if we take just the low end of your ranges this year, the $100 million of free cash flow and the $700 million of EBITDA, let's say you don't grow EBITDA next year and you hold the line at $700 million. Opportunity on that front within our control cost 30 % and set a New record this was global. Covid-19 across other markets difficult times business trends in more detail past few to! 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