AECOM records Q1 earnings decline, finalizes division sale, stays mum on potential WSP merger

AECOM leaders tackled a assortment of pressing problems in the firm’s Q1 earnings call yesterday: a likely merger with Canadian firm WSP, the sale of a person of its divisions, a alternative for its retiring CEO and no matter if the coronavirus is impacting any of its global operations.

The Los Angeles-centered design and engineering firm announced that it has finalized the $2.4 billion sale of its Administration Solutions business enterprise. The sale, to private equity firms that are affiliates of American Securities LLC and Lindsay Goldberg LLC, had been expected for numerous months.

Chairman and CEO Michael S. Burke

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