AECOM Announces Amendment to Existing Credit Facilities
LOS ANGELES – AECOM (NYSE:ACM), a premier, fully integrated global infrastructure firm, today announced it has completed an amendment of its existing credit facilities. This transaction, which was facilitated by the Company’s strong financial position and favorable bank market conditions, reduces the Company’s borrowing cost and provides additional flexibility to execute on its strategy. The amended credit agreement, as approved by AECOM’s lenders, includes the following benefits: • Reduces...
New Pathways to Credit Announced
The Build America Bureau (Bureau) began offering an Emerging Projects Agreement in addition to a Master Credit Agreement for the Transportation Infrastructure Finance and Innovation Act of 1998 (TIFIA) and the Railroad Rehabilitation & Improvement Financing (RRIF) programs. The Bureau can provide technical assistance and contingent commitments under the TIFIA and RRIF programs. The use of these two new agreements will help infrastructure projects at different phases of development reach project...
Associations’ Panel Urges Congress to Act Fast on 2017 Funds, End Rescission Threat
AASHTO Journal - Associations’ Panel Urges Congress to Act Fast on 2017 Funds, End Rescission Threat / / / / / / / / / / / / / / / / / / / / / / / / / A panel representing three major infrastructure investment organizations is urging Congress to quickly approve 2017 transportation appropriations with already authorized increases, and to kill a Senate proposal that would strip $2.2 billion out of certain highway programs. The panel is the Joint Co...
Autodesk Increases Share Repurchase Program
SAN RAFAEL, Calif.-Autodesk, Inc. (NASDAQ:ADSK) today announced a program to repurchase up to 30 million shares of the company's common stock, in addition to the approximately 1.5 million shares that remained at the end of the second quarter of fiscal 2017 under previously announced share repurchase programs. The repurchase program provides Autodesk with the ability to cover dilution and reduce shares outstanding over time. Under the share repurchase program, Autodesk may repurchase shares fr...
BTS Releases 2nd Quarter 2016 Airline Financial Data
U.S. scheduled passenger airlines reported an after-tax net profit of $4.6 billion in the second quarter of 2016, up from $3.1 billion in the first quarter of 2016 and down from $5.5 billion in the second quarter of 2015, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today (Table 1). U.S. Scheduled Service Passenger Airlines Quarterly Net Income Table Version | Excel The 25 U.S. scheduled service passenger airlines reported an after-tax n...
Cardno Negotiates a Permanent Debt Reduction
Cardno Limited (CDD) today announced it has negotiated a permanent reduction in its debt facilities from US$210.0m in June 2016 to US$108.5m. This reduction of debt facilities reinforces Cardno’s strengthening balance sheet and reflects the Company’s decreasing focus on the use of debt in its day to day operations. As part of the reduction agreed with Cardno’s banking partners, the banks have also agreed to covenant waivers (for the next 2 testing periods) on any potential further impairmen...
Cardno Announces FY2016 Results
Professional infrastructure and environmental services consultancy Cardno Limited (ASX: CDD) today announced EBITDA from continuing operations of AUD $42.3 million for FY2016, in line with the guidance of $40 to $45 million issued in May of this year. As part of this announcement, the company reported a net loss after tax including discontinued operations of $176.0 million, driven by a post-tax non cash impairment charge of $154.3 million associated and a loss from discontinued operations (ne...
Ramboll Delivers Solid Half Year Result Despite Difficult Market Conditions
Gross revenue of DKK 5.4 billion was slightly higher than in the first half of 2015 despite continued adverse conditions in the oil & gas related markets. Operating profit before amortisation (EBITA) of DKK 279 million was DKK 91 million higher than the same period last year. EBITA margin of 5.2% was 1.7%-point higher than in the first half of 2015 (3.5%). Profit before tax was DKK 142 million compared to DKK 82 million in the same period last year. Globally, Ramboll now has 13,200 employees in...
AECOM Reports Third-Quarter Fiscal Year 2016 Results
LOS ANGELES - Aug. 9, 2016 - AECOM (NYSE:ACM), a premier, fully integrated global infrastructure firm, today reported third-quarter revenue of $4.4 billion. Net income1 and earnings per share1 were $67.4 million and $0.43 in the third quarter, respectively. On an adjusted basis, diluted earnings per share2 was $0.81. Third Quarter Adjusted ($ in millions, except Adjusted YoY % EPS) As Reported (Non-GAAP)...
Fluor Reports Second Quarter Results
IRVING, Texas - Fluor Corporation (NYSE: FLR) today announced financial results for its second quarter ended June 30, 2016. Net earnings attributable to Fluor for the second quarter were $102 million, or $0.72 per diluted share, compared to $149 million, or $1.00 per diluted share a year ago. Consolidated segment profit for the quarter was $230 million, compared to $282 million a year ago. Segment profit results reflect improvement in Industrial, Infrastructure & Power, which was offset by a dec...
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June Issue 2026
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