Aecom (NYSE: ACM) is an engineering and consulting giant that designs highways, transit lines, and water systems, and then manages the contractors who actually build them.
This week showed investors how important that distinction is as someone else's work hurt Aecom, sending its shares down 17.9% to a 52-week low of $60.35 as of Friday noon, according to data provided by S&P Global Market Intelligence.
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Aecom reported a net loss of $0.65 per share for its third quarter of fiscal year 2026 this week versus net earnings per share (EPS) of $1.32 in the year-ago quarter.
Back in 2019, Aecom signed on to manage a construction project under terms and conditions that would not meet its current risk policies. Subcontractors are running behind, and costs are exceeding estimates, resulting in a $377 million pre-tax loss for Aecom in Q3.

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