Simply Wall Street Earnings
ACM - AECOM: The Infrastructure Compounder Hiding in Plain Sight
AECOM's Q3 2026 results were impacted by a significant $337 million charge from a delayed Construction Management project, leading to reported losses. However, excluding this charge, the underlying infrastructure business demonstrated strong performance with 2% NSR growth, 5% adjusted EBITDA growth, and a record $27.8 billion backlog driven by $4.2 billion in new wins. The article argues that …