AECOM’s Q2 Miss and Path Forward | Business and Finance News

AECOM’s Q2 results missed big—revenue fell short by a wide margin and they posted a non-GAAP loss of 50 cents per share, citing a costly legacy project plagued by subcontractor delays and Middle East headwinds. Management slashed full-year guidance and expects cash burn from old projects to drag into next year. Yet, their backlog surged to a record $27.82 billion, up 13% YoY, offering hope for future growth. Now, they’re tightening controls and betting on U.S. infrastructure and data centers to turn the tide. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a7468dfddb6c706d