DALLAS - AECOM (NYSE: ACM), a leading global infrastructure consulting firm, has announced its readiness to support clients across the United States in addressing the new regulatory standards set by the U.S. Environmental Protection Agency (EPA) for per- and polyfluoroalkyl substances (PFAS) in drinking water. The EPA's recent establishment of maximum contaminant levels (MCLs) for six PFAS compounds is expected to spur infrastructure investment in the water sector.
With nearly 25 years of experience in providing PFAS solutions, AECOM boasts one of the largest PFAS technical teams worldwide. The company's comprehensive PFAS services range from source identification and mitigation to water treatment and destruction, catering to a diverse client base that includes municipal governments, utilities, airports, manufacturers, and defense agencies.
Lara Poloni, AECOM's president, emphasized the company's extensive preparation for these new regulations and its commitment to expanding PFAS expertise across its business lines. AECOM's DE-FLUORO™ technology, a patented PFAS destruction method, has been successfully applied in various global projects. This technology uses an electrochemical oxidation process to destroy PFAS in contaminated liquids sustainably and economically.
Beverley Stinson, chief executive of AECOM's global Water business, highlighted the significance of the EPA's standards in protecting public health and expressed the company's eagerness to provide balanced PFAS solutions to its clients. Similarly, Frank Sweet, chief executive of AECOM's global Environment business, pointed out the company's market leadership and environmental capabilities as key factors in helping clients meet the new conservative limits for PFAS.
AECOM's position as an infrastructure consulting firm is reinforced by its role in delivering professional services throughout the project lifecycle, including advisory, planning, design, engineering, and management. In fiscal year 2023, AECOM's Professional Services business reported revenue of $14.4 billion.
The information about AECOM's engagement with clients on PFAS regulations and its service offerings is based on a press release statement.
InvestingPro Insights
AECOM (NYSE: ACM), while gearing up to support the implementation of the EPA's new PFAS regulations, is also making headlines in the financial markets. According to real-time data from InvestingPro, AECOM is currently trading at a high earnings multiple, with a Price/Earnings (P/E) Ratio of 46.92 as of Q1 2024. This could be indicative of investor confidence in the company's future earnings potential, especially considering the net income is expected to grow this year, as per an InvestingPro Tip.
The company has also shown a robust revenue growth of 15.3% in Q1 2024. This financial vigor is further emphasized by a strong return over the last five years, which aligns with AECOM's prominent position as a player in the Construction & Engineering industry. Despite a competitive market, AECOM's moderate level of debt and a Price / Book ratio of 5.75 suggest that it is managing its finances prudently while capitalizing on growth opportunities.
For investors looking for more in-depth analysis, there are additional InvestingPro Tips available, which can be accessed by visiting the dedicated AECOM page at https://www.investing.com/pro/ACM. Moreover, users can take advantage of an exclusive offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With a total of 9 additional InvestingPro Tips, including insights on stock volatility, gross profit margins, and analyst profitability predictions, investors can make more informed decisions about AECOM's stock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.