AECOM (ACM) is scheduled to report fourth-quarter fiscal 2024 results on Nov. 18, after market close.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, ACM’s earnings beat the Zacks Consensus Estimate by 3.6% and increased 23% year over year. Net sales grew 13% year over year.AECOM’s earnings topped the consensus mark in two of the last four quarters, met on one occasion and missed once, the average surprise being 4.2%.Trend in Estimate RevisionFor the qua ...

Core Viewpoint - ACM Research, Inc. reported strong financial results for Q3 2024, highlighting record revenue, profitability, and positive cash flow, while also raising its revenue outlook for the fiscal year 2024 [2][5]. Financial Performance - Revenue for Q3 2024 was $204.0 million, a 21% increase from $168.6 million in Q3 2023 [3][11]. - Gross margin decreased to 51.4% from 52.5% year-over-year, while non-GAAP gross margin was 51.6% compared to 52.9% [3][11]. - Operating income rose to $44.2 million from $33.2 million, with an operating margin of 21.7% compared to 19.7% [3][11]. - Net income attributable to ACM was $30.9 million, up from $25.7 million, with diluted EPS increasing to $0.45 from $0.39 [3][11][22]. Revenue Breakdown - Total shipments in Q3 2024 were $261 million, a 23% increase from Q3 2023 [6]. - Revenue from single wafer cleaning, Tahoe, and semi-critical cleaning equipment was $161.0 million, up from $132.4 million [24]. - Revenue from ECP and other technologies was $34.6 million, compared to $25.5 million in the previous year [24]. Outlook and Growth Strategy - ACM raised its revenue guidance for fiscal year 2024 to a range of $725 million to $745 million, up from the previous range of $695 million to $735 million [5]. - The company anticipates continued growth in mainland China and has begun initial operations at its Lingang facility [2][9]. - New product launches, including the Ultra C Tahoe cleaning tool and Ultra C bev-p Panel Bevel Etching Tool, are expected to enhance ACM's market position in AI chip manufacturing [7][8]. Recent Developments - ACM completed the purchase of a 39,500 square foot facility in Oregon to expand R&D capabilities [8]. - The company celebrated the opening of its new R&D and production facility in Lingang, China [9].

FREMONT, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging applications, today announced a major performance breakthrough for its flagship Ultra C Tahoe Cleaning tool. The resulting enhancements are designed to meet demanding technical requirements of advanced nodes for foundry, logic and memory applications. The Ultra C Tahoe now achieves the performance of standalone sin ...

ACM Research (NASDAQ: ACMR ) is a company that develops equipment that plays a key role in the supply chain of semiconductors and is expanding its product offering with new segments. The future looks bright and the valuationMy name is María Fernanda and I am currently studying an MBA. My inspiration investors are Warren Buffett, Peter Lynch and Terry Smith, so I look for quality companies at a reasonable valuation. I believe that, in the long term, fundamentals are what drive the share price, so I look to p ...

As the common saying goes, there are no guarantees in life. However, in the investing world, I think the ability to identify a promising business can be a real competitive advantage. It is quite a delight to find some silentNabeel Bukhari is a law graduate with a specialization in company and corporate law, combined with self-taught expertise in financial analysis. He offers a unique perspective on business dynamics by integrating his legal knowledge with financial insights, making him a valuable asset in t ...

FREMONT, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR) announced today that it will release its preliminary revenue range for the third quarter of 2024 before the U.S. market open on Wednesday, October 30, 2024, to coincide with reporting obligations of ACM Research (Shanghai), Inc., ACM’s principal operating subsidiary, to the Shanghai Stock Exchange. ACM will release its full financial results for the third quarter of 2024 before the U.S. market open on Thursday, Nove ...

AECOM (ACM) is all set to support Southern Water’s $4.8 billion capital delivery program.Per the contract, ACM, along with Pell Frischmann, has been chosen by Kier to provide detailed design services on Lot 1 for non-infrastructure water and Lot 2 for wastewater projects within a Strategic Delivery Partner (SDP) Framework. This initiative, running from 2025 to 2030, focuses on improving water and wastewater infrastructure across the UK during the AMP8 regulatory period.Also, Morrison Water Services, the sec ...

AECOM (ACM) has been selected by the Texas Department of Transportation (TxDOT) for Segment 3C-4 of the North Houston Highway Improvement Project (NHHIP). It will offer design services for the project.The objective of the NHHIP is to expand multi-modal transit options by adding more high-occupancy vehicle lanes to alleviate traffic congestion, enhance commuter safety and improve flood resiliency. Furthermore, this project will enhance and support regional freight mobility, which is vital to Houston’s growth ...

Strategic Partnership and Market Expansion - AECOM has entered into a strategic partnership with Gorilla Technology Group Inc and NC Digy Smart Cities to advance smart city initiatives in Latin America and the United States [1] - The collaboration aims to implement advanced technologies to improve urban infrastructure and enhance quality of life in these regions [1] - The smart cities market in Latin America is rapidly expanding, while the United States is preparing for a new phase of urban development [1] - The initiative is expected to drive significant growth over the next 30-50 years, targeting one of the largest growth opportunities in the Western Hemisphere [1] Latin America Smart City Development - Latin America is experiencing rapid urbanization, with cities seeking to improve efficiency, sustainability, and safety [2] - The smart city market in the region is projected to expand significantly due to government initiatives, a growing urban population, and demand for sustainable solutions [2] - The partnership will introduce advanced security solutions, including enhanced surveillance, AI-driven analytics, and secure data management systems tailored for Latin American cities [2] - AECOM's expertise in infrastructure consulting will ensure the smooth deployment of these technologies, aligning with best practices in urban planning [2] United States Smart City Innovation - In the United States, smart cities are becoming a key focus in urban development, with cities aiming to modernize infrastructure and improve residents' quality of life [3] - The partnership will market Gorilla Technology's advanced AI and cybersecurity solutions, including surveillance, access control, and emergency response systems [3] - These solutions are essential for ensuring safety in urban areas and addressing the security challenges of smart city projects [3] AECOM's Financial Performance and Backlog - AECOM's shares have increased by 25% in the past three months, outperforming the Zacks Engineering - R and D Services industry's 18.2% growth [4] - The company's total backlog as of the fiscal third-quarter end was $23.36 billion, compared to $23.21 billion in the prior-year period [5] - The design business backlog rose 3% to $21.89 billion, driven by a near-record win rate and strong end-market trends [5] - The current backlog level includes 54.8% contracted backlog growth, reflecting robust prospects in each of the company's segments [5] Industry Comparison and Stock Performance - AECOM currently carries a Zacks Rank 3 (Hold) [6] - Frontdoor, Inc (FTDR) has gained 58.2% in the past six months and has a trailing four-quarter earnings surprise of 279% on average [6] - Howmet Aerospace Inc (HWM) has appreciated 57.8% in the past six months and has a trailing four-quarter earnings surprise of 10.9% on average [6] - M-tron Industries, Inc (MPTI) has surged 60.9% in the past six months and has topped earnings estimates in three of the trailing four quarters [7]

. . . | --- | --- | |-----------------------------------------------|-------| | | | | Gorilla Technology, NC Digy Smart Cities LLC, | | | Protactics and AECOM, Announce Strategic | | | Partnership to Advance Smart Cities in Latin | | | America and the United States | | October 08, 2024 8:00 AM EDT | Source: Gorilla Technology Group Inc. London, United Kingdom--(Newsfile Corp. - October 8, 2024) - Gorilla Technology Group Inc. (NASDAQ: GRRR) ("Gorilla" or the "Company") has announced a strategic partnership ...