AECOM (ACM) will design a North Shore wastewater treatment plant

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AECOMACM shares rose 0.73% on June 15 after receiving a design management contract from Metro Vancouver to design the North Shore wastewater treatment plant.

Under the agreement, AECOM will provide design completion and construction management services to replace the existing Lions Gate wastewater treatment plant with a new tertiary treatment facility. This transition will serve approximately 250,000 residents of the Districts of West and North Vancouver, the City of North Vancouver, and the Squamish and Tsleil-Waututh Nations.

Beverley Stinson, Managing Director of AECOM’s Global Water business, said, “The plant is essential to building the resilience of the community’s wastewater infrastructure while protecting the surrounding natural ecosystems. We are proud to partner with our customers around the world to help them solve their multi-faceted water problems and set new treatment standards.

AECOM has been the owner of Metro Vancouver’s engineer since the start of the project and will continue to assist as design and support engineer. He will also contribute to project procurement and control systems, lead construction monitoring, assist with commissioning and provide support to selected operations. The new facility will be built to Leadership in Energy and Environmental Design (LEED) Gold and Envision Gold certification standards.

The North Shore Wastewater Treatment Plant features an enclosed, urban and modern design, including a public plaza, educational and community meeting spaces. It intends to provide tertiary treatment, exceeding federal regulatory requirements for treatment technology and improving the quality of treated wastewater discharged into the marine environment.

The facility is expected to recover heat from treated effluent for internal and external use by the Lonsdale Energy Corporation as an alternative thermal energy source. The facility would also conserve water resources by harvesting rainwater and reclaiming treated effluent water for use in operations and other non-potable purposes.

Strong AECOM Project Execution Supports

AECOM is a leading solutions provider supporting professional, technical and management solutions for various industries in end markets such as transportation, facilities, government and environmental companies, energy and water. Much of the US government’s vast infrastructure plan is focused on the transit and water markets, where AECOM enjoys a dominant position.

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This leading provider of professional, technical and management solutions is witness to a strong pipeline of activities across the company. It benefits from strong infrastructure spending in the UK, Canada, Hong Kong and Australia.

Shares of the company gained 5.3% compared to the 2.9% drop in the industry Zacks Engineering – R&D Services over the past year.

AECOM is building on strength in core transportation, water and environmental markets and a strong backlog. Its focus on environmental, social and governance or ESG-related services and digital initiatives are encouraging.

Zacks ranking and other key picks

AECOM currently wears a Zacks Rank #2 (Buy). You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.

KBR, Inc. KBR – currently holding a Zacks Rank #2 – provides professional services and technology throughout the life cycle of assets and programs within government departments and the hydrocarbon industries worldwide. Its mission-critical government services, high-end and differentiated government affairs work, strong margins, proprietary technology solutions and a significant increase in backlog (particularly in Government Solution) are expected to drive earnings for 2022.

KBR’s earnings in 2022 are expected to grow by 3.7%. This Zacks No. 3 ranked company has seen a 2% upward revision to estimates for 2022 earnings in the past 30 days.

Sterling Construction Company, Inc. STRL – a Zacks No. 2 ranked company – enjoyed broad-based growth in the electronic infrastructure, building and transportation solutions segments.

The consensus rating for Sterling’s 2022 earnings rose to $2.61 per share from $2.60 in the past 30 days. That suggests 7.9% year-over-year growth.

Howmet Aerospace Inc. HWM – a Zacks #2 ranked company – is a provider of advanced engineering solutions for the aerospace and transportation industries. The company is poised to benefit from strong product offerings, focus on innovation and cost reduction efforts. Its sound shareholder-friendly policies enhance its appeal.

Howmet Aerospace saw an upward revision to the estimate from $1.38 per share to $1.41 for 2022 net income over the past 60 days. That suggests 39.6% year-over-year growth.

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