LOS ANGELES--(BUSINESS WIRE)--Aug. 23, 2012--
AECOM Technology Corporation (NYSE: ACM), a leading provider of
professional technical and management support services for government
and commercial clients around the world, announced today that its Board
of Directors has authorized the repurchase of up to $300 million of its
“This repurchase authorization reflects our confidence in AECOM’s
long-term outlook and the focus of our capital-allocation strategy on
driving sustainable returns as we continue to make progress in areas
such as balanced growth, profitability and liquidity,” said John M.
Dionisio, AECOM chairman and chief executive officer.
AECOM completed its first share-repurchase program, worth $200 million,
during the third quarter of its fiscal year 2012.
Any repurchases under the current program will be made at the company’s
discretion in the open market or in privately negotiated transactions in
compliance with applicable securities laws and other legal requirements
and will depend on a variety of factors, including market conditions,
share price, the terms of the company's credit facilities and other
AECOM is a global provider of professional technical and management
support services to a broad range of markets, including transportation,
facilities, environmental, energy, water and government. With
approximately 45,000 employees around the world, AECOM is a leader in
all of the key markets that it serves. AECOM provides a blend of global
reach, local knowledge, innovation and technical excellence in
delivering solutions that create, enhance and sustain the world's built,
natural, and social environments. A Fortune 500 company, AECOM
serves clients in more than 130 countries and had revenue of $8.3
billion during the 12 months ended June 30, 2012. More information on
AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release
other than statements of historical fact are "forward-looking
statements" for purposes of federal and state securities laws, including
any projections of earnings, statements of plans for future operations
or expected share repurchase program activity. Actual results
could differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause
actual results to differ materially from our forward-looking statements
are set forth in our quarterly report on Form 10-Q for the fiscal
quarter ended June 30, 2012, and our other reports filed with the U.S.
Securities and Exchange Commission. AECOM does not intend, and
undertakes no obligation, to update any forward-looking statement.
Source: AECOM Technology Corporation
AECOM Technology Corporation
SVP & Chief Communications Officer
Antipas Tyson, 646.432.8428
SVP, Investor Relations