This audio is automatically generated. Do us know if you have comments.
Despite the rates and other uncertainties arising from the Trump Administration Policy Movements, Aecom’s CEO, Troy Rudd, said in a call from Tuesday’s earnings that he is optimistic about the President’s push for deregulation, as well as the long -term demand for the Services of the Dallas firm in the United States and in the world.
“Given the nature of the professional services of our work, it is not expected that the rates directly affect our business,” said Rudd. “More than 70% of our labor force is versatile among the market sectors and can be deployed to stronger growth opportunities.”
At the same time, he attributed slightly inferior income and modest growth of receding to the same impacts of politics.
“We have experienced isolated delays and deferred decisions on a limited set of projects, which affected our leading growth,” said Rudd. “That said, these delays are not strange as long as there is a change in administration and the impact on our delay was minimal.”
Rudd noted that, although for the moment the changes will be in progress to the federal agencies, many projects that were stopped due to Trump’s financing freezing He has now resumed and bullied on the impact of President’s movements to reduce regulations and federal labor force.
Troy rudd
Permission granted by AECOM
“The deregulation and reform of the reform are our business,” Rudd said. “A decline public sector work force has been a secular comeback for our industry and more and more a demand driver for program management and management services.”
In addition, the construction industry continues to benefit from the increase in financing of the Biden era. According to Rudd, less than a third of the Investment Investment Financing of 2021, according to Rudd, and both parties have supported the investment in infrastructure.
“Aging infrastructure, growing requirements for sustainability and resilience and growing energy demand, create a favorable context that promotes inevitable demand,” said Rudd. “Infrastructure enjoys strong bipartisan support in all our markets and is an essential element of prosperous economies.”
Earn from the Q2
In April, Aecom announced that he had acquired Allen GordonA Scottish energy and energy consulting to promote its presence in the United Kingdom and Ireland.
Rudd also emphasized that Aecom will serve as a place Los Angeles Infrastructure Partner 2028 Olympic and Paralympic Games in Los Angeles.
“It honors us to be selected by an unprecedented field that includes all the critical elements of architecture, engineering, planning, program management and construction management,” said Rudd.
By the numbers
AECOM recorded $ 143.4 million in profits During the second quarter, a large jump of only one million dollars in net income a year ago. This revenue was less than $ 3.77 billion, 4% compared to the same period in 2024. The backlog stood at $ 24.27 billion, an increase of 3%.
Rudd said that the results were affected for fewer working days and some project problems.
Almost all the financing of the IIJA has appropriated and, therefore, it does not run the risk of being cut off, which gives confidence to the clients, said AECOM President Lara Poloni during the call. The passage of the congress of a continuous resolution in March to keep the Government open also provides public sector customers with budgetary safety for the rest of the year, he said.
The administration has taken measures to close the North -American Agency for International Development and the Environmental Protection Agency, both accounts as clients. But there is more expenses in defense on the horizon, according to Poloni.
“We are well positioned to take advantage of the increase in funding from the Department of Defense, where we provide highly technical and mission critical services,” said Poloni. “In fact, our DOD Opportunity Pipeline increased both digits during the previous quarter.”
