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AECOM Cites Record Revenue, Net Loss in Fiscal 2019

AECOM Cites Record Revenue, Net Loss in Fiscal 2019

AECOM [ACM], the international infrastructure company that is preparing its exit from contracting for the U.S. Energy Department, on Tuesday reported record annual revenue of almost $20.2 billion for fiscal 2019. The annual revenue is up 2% from $20.15 billion in fiscal 2018, according to AECOM. But the company suffered a net loss of $266 million, or $1.66 per diluted share – compared to earnings of $440 million, or $2.75 per diluted share, in the prior year. Restructuring expenses and…

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