Nandita Nayar's questions to AECOM (ACM) leadership • Q3 2025
Question
Nandita Nayar of Bank of America Merrill Lynch questioned whether the double-digit growth in the advisory business is driven by the overall market or by AECOM capturing more share, and asked about the balance between investing in the business and expanding margins.
Answer
President Lara Poloni attributed the advisory growth to capturing an earlier segment of the project lifecycle and growing wallet share with existing clients. Chairman & CEO Troy Rudd emphasized that margin improvement has been driven by making high-return investments, not by cutting costs, and stated the company remains optimistic about future margin expansion through continued investment.