The Latest Breaking News from ACM

The federal government will seek to provide regional media grants in the coming weeks to ease cost pressures.

Metro Vancouver has selected AECOM (NYSE:ACM) to design the North Shore Wastewater Treatment Plant. Financial terms were not disclosed. This new tertiary treatment facility will replace the existing Lions Gate Wastewater Treatment Plant. The new plat will serve ~250,000 residents in the Districts of West and North Vancouver, the City of North Vancouver,…

Among the region's biggest gains was the $10 million sale of a Mollymook home, five years after it changed hands for $2.36 million.

Bipartisan paper price help welcomed

AECOM (NYSE:ACM) reported a second-quarter revenue decline of 2% year-over-year to $3.21 billion, missing the consensus of $3.43 billion. Net Service Revenue (NSR) increased by 4% Y/Y to $1.61 billion. Gross margin expanded by 55 bps to 6.5%. The operating income declined by 29.3% Y/Y to $111.5 million, and the margin contracted…

Regional newspapers sounding the alarm over a devastating price hike have been offered a lifeline.

ACM Research, Inc (NASDAQ:ACMR) reported a first-quarter FY22 revenue decline of 3.5% year-on-year to $42.2 million, missing the consensus of $51.8 million. The decline reflected lower revenue from single wafer wet cleaning tools, advanced packaging, and other back-end processing equipment due to COVID-19 restrictions in Shanghai.  The Shanghai lockdown negatively impacted revenue from…

Barnaby: "We must have a vibrant fourth estate, otherwise I can get away with anything."

The country's largest regional news publisher is participating in a campaign for an immediate cash injection to compensate for a sudden surge in the cost of printing newspapers.