AECOM leaders have expressed confidence in the infrastructure sector and the potential for permit reforms under President-elect Donald Trump. CEO Troy Rudd highlighted the bipartisan support for infrastructure funding following the November elections, which could significantly impact the company's operations and growth [9028e1b8]. AECOM's fiscal year 2024 revenue reached $16.1 billion, marking a 12% increase from 2023, with fourth-quarter revenue reported at $4.11 billion, up 7% year-over-year [9028e1b8]. The company's full-year profit soared to $402.3 million, a staggering increase of 627%, while fourth-quarter profit reached $172.5 million, up 577% [9028e1b8]. AECOM's backlog for the quarter was $23.9 million, reflecting a 3% year-over-year increase [9028e1b8].
In addition to its financial performance, AECOM recently acquired EMPSi, which enhances its environmental permitting capabilities [9028e1b8]. Rudd anticipates that the new water and environment advisory business will double within three years, driven by the projected growth of the digital water market, estimated to reach $70 billion by 2030 [9028e1b8]. This optimism aligns with the company's ongoing commitment to sustainability and innovation in its projects, which are crucial for addressing environmental challenges [61ff3d8c].
AECOM has been selected by NASA to provide environmental restoration and compliance services at facilities across the United States as part of the NASA Environmental Restoration and Compliance Contract (NERCC) [c7e5ec77]. Under this five-year contract, AECOM will support environmental restoration activities, including sampling, investigations, risk assessments, and remediation [c7e5ec77]. The company has over two decades of experience in PFAS (per- and polyfluoroalkyl substances) and will support NASA's PFAS-related investigation and remediation efforts [c7e5ec77]. AECOM's 9,000 environmental professionals will collaborate to provide innovative solutions for NASA's remediation projects [c7e5ec77].
Jacobs Engineering Group Inc. has also been awarded a contract to provide environmental engineering and related services to NASA [499d5f8c]. The five-year contract, led by a joint venture that includes Jacobs, will focus on supporting safe and sustainable operations across various NASA centers and facilities [499d5f8c]. Jacobs will offer technical consultation, contamination detection, and sampling, along with human health and ecological risk assessments [499d5f8c]. The initiative includes supporting NASA in Environmental Justice and National Environmental Policy Act evaluations, environmental permitting, and compliance activities [499d5f8c].
Perma-Fix Environmental Services, Inc. has been selected by the U.S. Department of Energy (DOE) Office of Environmental Management (EM) to participate in a 10-year, small business set-aside, multiple-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract [b17ca9bb]. The contract is for providing nationwide Deactivation, Decommissioning and Removal (DD&R) services for EM sites, the National Nuclear Security Administration (NNSA), Office of Naval Reactors (ONR), and the Office of Science (SC) [b17ca9bb]. Perma-Fix's team is one of fourteen small businesses selected and will be eligible to compete for firm fixed price and cost reimbursement task orders with a maximum ceiling of $2 billion over a 10-year period [b17ca9bb].
Additionally, Perma-Fix Environmental Services, Inc. has been added as a member of the Russell 3000 Index, effective July 1, 2024 [b4049327]. Membership in the Russell 3000 Index means Perma-Fix's automatic inclusion in the Russell 2000 Index as well as the appropriate growth and value style indexes [b4049327]. According to data as of the end of December 2023, about $10.5 trillion in assets are benchmarked against the Russell US indexes [b4049327].