Richard Bass joins Church Publishing as consulting editor

first_imgRichard Bass joins Church Publishing as consulting editor Youth Minister Lorton, VA Posted Jun 17, 2014 Rector Martinsville, VA This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Submit a Press Release Rector Hopkinsville, KY Cathedral Dean Boise, ID Rector (FT or PT) Indian River, MI Curate (Associate & Priest-in-Charge) Traverse City, MI [Church Publishing press release] Nationally recognized congregational development expert and former publisher of the Alban Institute Richard Bass has joined Church Publishing Incorporated (CPI) as a consulting editor, specializing in congregational development, church leadership, and the challenges and opportunities facing congregations today.Bass served as Director of Publishing at Alban from 2002 until earlier this year. Prior to becoming Director of Publishing, he directed the development of the Congregational Resource Guide, a joint project of the Alban Institute and the Indianapolis Center for Congregations. He also worked for the reference publisher ABC-CLIO, the United States Catholic Conference, and the Practising Law Institute.“Church Publishing is proud to be ‘the place where the conversations happen’ both within The Episcopal Church and ecumenically. Richard’s presence on our team strengthens and broadens our ability to live into that commitment,” said Nancy Bryan, CPI’s Editorial Director.Mr. Bass remarked: “I am really looking forward to working with the fine team at Church Publishing. Nancy Bryan and Davis Perkins have pulled together a strong collection of editors producing resources and working on many of the most pressing issues facing congregations and the church today. I am grateful to be part of such an effort.”Bass holds a bachelor’s degree in American Studies from Wesleyan University, Connecticut. He lives in Alexandria, Virginia, with his wife, Diana Butler Bass, and their daughter. They attend St. Paul’s Episcopal Church in Alexandria.  Mr. Bass can be reached at [email protected] In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Missioner for Disaster Resilience Sacramento, CA AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Director of Music Morristown, NJ Associate Rector Columbus, GA Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Assistant/Associate Priest Scottsdale, AZ Rector Shreveport, LA People Associate Priest for Pastoral Care New York, NY Submit a Job Listing Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Canon for Family Ministry Jackson, MS Bishop Diocesan Springfield, IL center_img Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Press Release Service An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Family Ministry Coordinator Baton Rouge, LA Assistant/Associate Rector Washington, DC Priest-in-Charge Lebanon, OH Submit an Event Listing Rector Washington, DC Rector Belleville, IL Featured Jobs & Calls Associate Rector for Family Ministries Anchorage, AK Rector Pittsburgh, PA Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET Rector Smithfield, NC Tags Rector Tampa, FL Rector Knoxville, TN Rector Albany, NY Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Curate Diocese of Nebraska Course Director Jerusalem, Israel Rector Collierville, TN Rector/Priest in Charge (PT) Lisbon, ME New Berrigan Book With Episcopal Roots Cascade Books Assistant/Associate Rector Morristown, NJ Featured Events Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Priest Associate or Director of Adult Ministries Greenville, SC Rector Bath, NC Rector and Chaplain Eugene, OR Director of Administration & Finance Atlanta, GA last_img read more

House 0614 / Simpraxis Architects

first_imgArchDaily Photographs Houses ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/280861/house-0614-simpraxis-architects Clipboard CopyAbout this officeSimpraxis ArchitectsOfficeFollowProductsWoodGlassSteel#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesWoodHousesNicosiaCyprusPublished on October 15, 2012Cite: “House 0614 / Simpraxis Architects” 15 Oct 2012. ArchDaily. Accessed 11 Jun 2021. ISSN 0719-8884Browse the CatalogSinkshansgroheBathroom Mixers – Metropol ClassicVinyl Walls3MVinyl Finish- DI-NOC™ Glass FinishPartitionsSkyfoldWhere to Increase Flexibility in SchoolsMetal PanelsDri-DesignMetal Panels – Painted AluminumStonesCosentinoDekton® Surfaces – Chicago 444Exterior DeckingLunawoodThermowood DeckingWoodBruagAcoustic Panels with LEDWindowsOTTOSTUMM | MOGSWindow Systems – CPXPanels / Prefabricated AssembliesULMA Architectural SolutionsHexapent Facade PanelDoorsRabel Aluminium SystemsMinimal Folding Door System – Rabel 3710 Super ThermalWall / Ceiling LightsLuminisCeiling Surface Lights – HollowcoreBenches / TablesUrbaStyleConcrete Bench – BoomerangMore products »Save想阅读文章的中文版本吗?House 0614 / Simpraxis Architects是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my stream House 0614 / Simpraxis Architects Save this picture!© Marios Christodoulides, Christos Papantoniou+ 42 Share “COPY” CopyHouses•Nicosia, Cyprus Architects: Simpraxis Architects Area Area of this architecture project Year:  Area:  339 m² Year Completion year of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/280861/house-0614-simpraxis-architects Clipboard Cyprus Photographs:  Marios Christodoulides, Christos PapantoniouText description provided by the architects. The house designed for a couple with two children is situated in a suburban area of Nicosia that is only recently undergoing development. The square footprint of the house is largely determined by the rectangular shape of the site subtracting the three meters required setback on three sides and allowing for a large yard at the back that faces south. The house attempts to address the dual nature of the largely undeveloped landscape that can be inviting but also intimidating. The box is programmatically divided into two parts. A two story rectangular box along the east boundary includes bedrooms and a bathroom for the children as well as guest areas, service areas, kitchen and parking. The remaining void of the double height ‘box’ includes the common areas, the outdoor covered areas on the ground floor and the master bedroom and bath on the second floor.Save this picture!© Marios Christodoulides, Christos PapantoniouRecommended ProductsEnclosures / Double Skin FacadesRodecaRound Facade at Omnisport Arena ApeldoornWoodHESS TIMBERTimber – GLT HybridWoodAccoyaAccoya® CanalsEnclosures / Double Skin FacadesIsland Exterior FabricatorsCurtain Wall Facade SystemsAn intermediary space with glass floor functions as a bridge that connects the master bedroom to the rest of the second floor. The experience of the floating transparent floor, besides physically connecting the two parts of the second floor, introduces an element of autonomy to the parents’ personal space within the bigger void of the house.Save this picture!© Marios Christodoulides, Christos PapantoniouA system of glass sliding doors, together with folding metal/wood doors, enclose an outdoor space that connects the interior spaces. A gap on the second floor of the box allows for natural light to enter the courtyard and the interior spaces. A tree shades the interior courtyard in the summer and protects the interior spaces from the summer western sun. Once all glass doors are open the enclosed courtyard and the interior spaces function as one. Opening the exterior folding doors expands the boundary of the space to the edges of the rectangular lot and beyond.Save this picture!© Marios Christodoulides, Christos PapantoniouOpening the folding wooden-clad doors during the winter months and maintaining the glass doors closed, allows for sunshine throughout the day. The deciduous tree situated in the portion of the courtyard open to the sky allows for southern light to warm up the areas located in the north part of the house.Save this picture!© Marios Christodoulides, Christos PapantoniouKeeping the folding wooden doors closed during the summer and opening the glass sliding doors allows for effective cross-ventilation and passive cooling and also helps to shade the spaces, both indoor and outdoor, from the harsh direct and indirect sunlight. Clearstory, electrically operated windows facilitate ever more the creation of a comfortable environment during summer.  Save this picture!SectionProject gallerySee allShow lessChad Oppenheim to Speak at Florida International UniversityArticlesDaegu Gosan Public Library Competition Entry / Ghirardelli ArchitettiArticles Share “COPY” House 0614 / Simpraxis ArchitectsSave this projectSaveHouse 0614 / Simpraxis Architects Projects 2011last_img read more

FSB to launch to public on 12 February

first_img Howard Lake | 22 December 2006 | News  20 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Chief executive Jon Scourse said: We expect widespread coverage around the launch, so those still waitign in the wings should sign up now or risk missing out. Membership is a practical and visible way to demonstrate good organisational governance and reassure the public that their trust in charities is well placed, not taken for granted. The Fundraising Standards Board’s long-awaited public launch will now take place on 12 February 2007.The media campaign will target national and regional press, broadcast and online media across the UK to introduce the giving public to the Board, its remit and purpose. It will aim to make the scheme’s logo visible and highlight to the public what to do if they have a specific fundraising complaint.Some charities, including Farm Africa, Stroke Association, Sense and the Thistle Foundation are already using the scheme’s logo on their fundraising materials. So far 139 charities have signed up, still short of the anticipated 500 the FSB had wanted by the time it launched, but a further 600 have registered their interest. Advertisement FSB to launch to public on 12 February About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img read more

British Heart Foundation opens its 700th charity shop

first_img Howard Lake | 13 December 2011 | News British Heart Foundation opens its 700th charity shop The British Heart Foundation (BHF) today opens its 700th store, and claims that it is the UK’s largest charity retailer by number of stores and income.The charity’s shops have achieved their most successful year to date: 2010 to 2011 saw them generate a profit of £26 million, an increase of 18% on the previous year. Back in 2002/03 the charity was making a profit of £10 million. It recognises that the recession “is increasing the demand for the affordable, good quality items charity shops offer”.The first BHF Shop opened in 1986 in Edenbridge, Kent and to date the shops business has produced profits of £210 million. The number of shops grew rapidly during the 1990s, with a new BHF shop being opened on average every 10 days.Current growth focuses on BHF Furniture & Electrical Stores, which specialise in second-hand furniture and electrical items. The 700th store that opens today in Woolwich is the 133rd Furniture and Electrical Stores.BHF Retail Director, Mike Lucas, said: “As the leading charity retailer in terms of the income – as well as scale of stores – it’s clear our shops are proving a popular choice for shoppers keen to buy good quality items at low prices.”He added: “Today our main concern is keeping up with demand. The supply of stock is slowing, partly because consumers aren’t updating their homes and wardrobes at the same rate and therefore donating fewer second-hand items.”www.bhf.org.uk/shops AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4 Tagged with: Research / statistics Trading About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.  149 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis4last_img read more

Finance Committee to Look at Rose Bowl Revenue Opportunities

first_imgCommunity News Finance Committee to Look at Rose Bowl Revenue Opportunities Group to look at long-term, short-term strategies By ANDRÉ COLEMAN, Managing Editor Published on Wednesday, July 22, 2020 | 3:12 pm Community News The City Council’s Finance Committee will look at revenue opportunities for the Rose Bowl at its meeting at 2 p.m. on Thursday.The discussion comes a month after the committee unanimously recommended that the city assume the Rose Bowl Operating Company’s $11.5 bond service debt for fiscal year 2021, along with several million additional dollars in operating expenses to aid the stadium, which is faced with the grim prospect of holding no events in the foreseeable future.Revenue at the stadium has been devastated by the coronavirus, which forced the cancellation of major concerts, and that has left the 2020-21 college football season in jeopardy, including the Rose Bowl game in January.Earlier this week, the Turkey Tussle, the annual homecoming game between cross-town rivals John Muir and Pasadena high schools, was canceled.“If at all possible, we will hold the Turkey Tussle,” Rose Bowl General Manager Darryl Dunn told Pasadena Now after the CIF moved football to a December or January start provided the virus has subsided.Some money coming in, but footballThe Rose Bowl Operating Co. has successfully expanded its relationship with AEG, which has led to a contract amendment for staging music on Brookside Golf Course after the pandemic. The RBOC has also entered into a ticketing agreement with AXS (a division of AEG) that includes a $500,000 signing bonus.The ticket deal will increase major event revenues by more than $100,000 per event and includes an upfront payment of $500,000 in January.Since reopening, Brookside Golf Course has been generating more revenue for golf than it has in more than 10 years. If demand remains high, golf revenues will exceed expectations by about $500,000.The Rose Bowl Legacy Foundation has received more than $800,000 in pledges during the past two months.Despite the good news, staff still believes it is critical that college football be played this year.Three scenarios are being considered. One would be no season and a second would be a truncated season that starts in September that would see an expected 25 percent reduction in attendance. Either 13,000 fans could attend the games, due to social-distancing guidelines, or no fans would be allowed to attend at all. Under that scenario, no Rose Bowl Game is mentioned in the staff report.Under a third scenario, college football would begin in the spring and the Grandaddy of Them All would be held at the conclusion of the season. That scenario could also include a 25 percent reduction in attendance, 13,000 fans per game or no fans at all.Here’s the short termAccording to a report in the agenda, staff has pivoted to use the site for events that can still take place safely such as the drive-in movies being held at the stadium.“Staff has found that there is significant interest in the Stadium site as a location for socially distanced events,” the report said. “The RBOC is currently working with the live event industry to determine what events would look like. While the stadium capacity would be dramatically reduced, [potentially under 15,000 attendees] there could be opportunities to host events such as concerts that had previously been staged in arenas or amphitheaters.”One concept being bandied about is a Rose Bowl restaurant. It would be a partnership with local restaurants and placed on the edges of the stadium field, with capacity for more than 150 guests per seating.This series would allow local restaurants that don’t have adequate outdoor seating to serve guests on the field level at the Rose Bowl.Other ideas include a studio/film/streaming partnership. The RBOC is in talks with multiple studios and streaming companies looking to rent area in and around the Rose Bowl for ticketed events.Conversations are also ongoing with groups about hosting premieres for programming that would normally take place elsewhere in the region.Staffers have also created concepts for socially distanced enterprise events, including stadium field picnics, Final Fridays (plot assigned), golf-course tailgate events, socially distanced assigned seating in the Rose Bowl area, graduations, town halls and conferences.Now the long termSome projects were already under way before the pandemic to bridge the budget shortfalls facing the RBOC.Because capital dollars will be limited in the short term and, potentially, in the long term, an emphasis has been placed on projects that are funded by outside partners/donors and/or ones that provide a positive return during the next five years.These events focus on music, family entertainment and the Legacy Foundation.Music is kingBefore the cancellation of events, K-Pop sensation BTS was scheduled to play three concerts at the Rose Bowl. During the past several years, some of the biggest stars in the music industry, including Beyonce, Jay-Z and One Direction have played in the stadium.According to staff, “staying relevant in the music landscape is vital to the long-term viability of the Rose Bowl Stadium.”According to the extension with GoldenVoice/AEG the Music Festival will continue, along with smaller single-stage programming throughout the summer months.There are also two music-event possibilities being considered, one of which would increase stadium capacity for concerts and another that would provide a semi-permanent stage for smaller events.The South End Seating Project would increase stadium capacity for concerts while at the same time providing field-level hospitality for sporting events.The other Arroyo Stage concept would allow for smaller- attendance music events with 8,000 to 15,000 fans throughout the summer months on a semi-permanent stage on the north end of the stadium footprint.“It is the staff’s opinion that once there is a vaccine, there will be significant programming opportunities for smaller single-stage events and staff is working to take advantage of this market condition,” according to the staff report.It’s a family affairNet revenues from golf have provided the RBOC with an opportunity to supplement stadium revenue for years. However, due to the declining revenues in the golf industry and rising expenses, it is not a sustainable long-term model, even with the current increase in revenue during the pandemic.The RBOC is considering expanding the driving range, which is too small for a 36-hole golf course. Research of similar properties has shown that increasing the range capacity from 20 stalls to 60 stalls and other modifications could bring in an additional $800,000.The RBOC has initiated the process of an environmental review of this project and is identifying funding sources for this potential capital project.Other potential money-makers include miniature golf, which could bring in $500,000 per year, and putting underused areas into use.All about the LegacyLegacy will launch The Rose Bowl Institute, which would educate youth and the community through programs related to the values of sports.Sports has a great power to unite people, Legacy believes, and coupled with the Rose Bowl Stadium’s brand, the aim would be to inspire and empower through educational programming.The institute will leverage the stadium’s iconic events of the past near-century to provide an educational forum to youth and community in both public and private settings about key sports values such as sportsmanship, leadership, teamwork, ethics, integrity and inclusion.The Rose Bowl Institute is planning two educational programs for youth and community in 2020:2nd Annual Women’s Empowerment Symposium – This will bring female students together in a private setting with female business leaders and athletes to discuss confidence, empowerment, leadership, and personal growth.JACKIE 2020 – a public program that focuses on the life and lessons provided by Pasadena icon Jackie Robinson, who broke the color barrier in Major League Baseball, and the importance of those lessons today.“The Rose Bowl will soon celebrate its centennial and is still as relevant and important as the day it was built,” Dunn wrote. “That is a credit to the City of Pasadena for leading it through the past 100 years. The times ahead will be difficult but with challenge comes opportunity. Through innovative thinking and community support, America’s stadium will stay vibrant and relevant for another century.”. CITY NEWS SERVICE/STAFF REPORT Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday 14 recommended0 commentsShareShareTweetSharePin it faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Top of the News More Cool Stuff STAFF REPORT First Heatwave Expected Next Week Subscribe Name (required)  Mail (required) (not be published)  Website center_img Community News STAFF REPORT Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy HerbeautyCostume That Makes Actresses Beneath Practically UnrecognizableHerbeautyHerbeautyHerbeautyStop Eating Read Meat (Before It’s Too Late)HerbeautyHerbeautyHerbeautyA Mental Health Chatbot Which Helps People With DepressionHerbeautyHerbeautyHerbeauty6 Trends To Look Like An Eye-Candy And 6 To Forget AboutHerbeautyHerbeautyHerbeautyRub This All Over Your Body And He’s Guaranteed To Swoon Over YouHerbeautyHerbeautyHerbeauty10 Of The Most Notorious Female Spies In HistoryHerbeautyHerbeauty Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. Business News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Make a comment Your email address will not be published. Required fields are marked * Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadenalast_img read more

AECOM reports first quarter fiscal year 2021 results

first_img Facebook % FY21 GAAP EPS Guidance based on Adjusted EPS Guidance 34,822,200 — — ) LOS ANGELES–(BUSINESS WIRE)–Feb 8, 2021– AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, today reported first quarter fiscal year 2021 results. $ 13.1% 4,454,193 Adjusted income from operations ($19) $ (33.1 ) %) 2,090,706 Net Service Revenue (NSR) 2 ) $ 629.7 13.0 Noncore operating losses & transaction related expenses 0.06 Sep 30,2020 Accelerated depreciation of project management tool (43,614 (49,469 39,718,681 (6.7 As Reported Adjusted Interest Expense Guidance 13.2% $83 $ Unconsolidated JV backlog $ Net income (loss) attributable to AECOM from continuing operations 3,069,810 Contracted backlog (unaudited – in thousands, except per share data) $ First Quarter Fiscal 2021 AccomplishmentsAs compared to the prior year, revenue increased by 2% to $3.3 billion, operating income increased by 62% to $141 million, the operating margin increased by 160 basis points to 4.3%, net income increased by 170% to $83 million and diluted earnings per share increased by 184% to $0.54.Net service revenue 2 (NSR) of $1.5 billion declined by 2% on an organic 3 basis after adjusting for the impact of two fewer available workdays in the first quarter compared to the prior year.Backlog in the design business increased by 9% over the prior year; contracted backlog across the Professional Services business increased by 13% and is at a record level.The segment adjusted 1 operating margin 4 on NSR 2 increased by 140 basis points to 13.1%, which is a record high for a first fiscal quarter.Adjusted 1 diluted earnings per share increased by 35% to $0.62 and adjusted 1 EBITDA 5 increased by 9% to $189 million over the prior year; both metrics exceeded the Company’s expectations.Operating cash flow was $7 million and free cash flow 6 was a use of $14 million, which marks the strongest first quarter cash flow since fiscal 2018 and reflects a commitment to delivering more consistent cash flow phasing.The Company closed on the sale of its Power and Civil construction businesses in October 2020 and January 2021, respectively.The Company has executed $630 million of stock repurchases since the beginning of September 2020 at an average price of approximately $45 per share, which has reduced the diluted share count by nearly 9% to date; the Company has $825 million of capacity remaining under its $1 billion Board repurchase authorization and remains committed to returning to investors substantially all available cash and cash flow after investments are made in the business. Fiscal 2021 Financial GuidanceAECOM is increasing its diluted adjusted 1 EPS guidance to between $2.60 and $2.80, which would reflect 26% growth from fiscal 2020 at the mid-point; this guidance incorporates the benefits from the accelerated pace of share repurchases during the first quarter and lower expected interest expense related to the Company’s amendment to its senior secured credit facility.The Company continues to expect adjusted 1 EBITDA 5 of between $790 million and $830 million, which would reflect 9% growth at the mid-point of the range.Other assumptions incorporated into guidance include:A continued expectation to achieve a 13.2% segment adjusted 1 operating margin 4 for the full year, which would reflect an increase of 90 basis points as compared to fiscal 2020.An average diluted share count for the full year of 151 million.AECOM Capital earnings of between $5 million to $10 million. — $189 — Financing charges in interest expense $109 (4.3 ) Income (loss) from operations WhatsApp Free Cash Flow 6 — 3,312.9 $ 40.3 $ $39,719 53,094 8% 7 3,292,558 December 31, 2019 Valuation allowances and other tax only items $ $ 11% Three Months Ended Amortization of intangible assets included in NCI, net of tax December 31, 2020 ) % 4,896,481 3,235,610 2,085.0 $ 2.4 $ 0.3% 3,069,810 4.0 15.2 160,657 3,853 87.2 Income from continuing operations 11.2 — 0.01 $ Other income 28,671 — 1,044,748 2,412,228 ) $ (30,651 — 25,835 0.60 $ EBITDA 5 5.6 139,432 3,128,785 % $ 3,235.6 $ 755,611 Continuing operations %) ) (in millions, all figures approximate) % Change 533 17,248,843 Consolidated ) % (0.4 (24.1 Amortization of intangible assets Net income attributable to noncontrolling interests from continuing operations ) $109 $ Adjusted net income attributable to AECOM from continuing operations Fiscal Year End 2021 $ — 61.0 Income tax expense % Adjusted EBITDA — Weighted average shares outstanding – diluted $ 33.8 — (55,752 ) 44.9 %) (44,925 Amortization of intangible assets included in NCI, net of tax 33,022 $ $0.13 2,141 December 31,2020 Fiscal Year End 2021 (1.8 (36,431 View source version on businesswire.com:https://www.businesswire.com/news/home/20210208005737/en/ CONTACT: Investor Contact: Will Gabrielski Senior Vice President, Finance, Investor Relations 213.593.8208 [email protected] Contact: Brendan Ranson-Walsh Vice President, Global Communications & Corporate Responsibility 213.996.2367 [email protected] KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: OTHER ENERGY PROFESSIONAL SERVICES ENERGY OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY OTHER MANUFACTURING OTHER PROFESSIONAL SERVICES ENGINEERING CONSULTING MANUFACTURING SOURCE: AECOM Copyright Business Wire 2021. PUB: 02/08/2021 04:05 PM/DISC: 02/08/2021 04:06 PM http://www.businesswire.com/news/home/20210208005737/en 2.0 Net income attributable to noncontrolling interestsfrom discontinued operations ) ) Awarded backlog 2,836 Income tax expense, including tax effect of above items 145,032 1,044.7 $132 December 31,2019 87,189 ) Three Months Ended %) 143.8 — 899,296 Amortization of intangibles assets (32.4 (57,232 1,564.4 4.4 ) $ (35.7 Net income attributable to AECOM (1,929 18,331,069 $ 0.46 0.2 5.4 % — Free Cash Flow Guidance (38,360 — — $ 633.6 (82.5 3,563.4 Amortization of intangible assets 150.5 30,867 6.1  Valuation allowances and other tax only items 716,557 ) 18,092,091 % — 165,800 %) 284 $535 to $735 $ 5.8 (6,894 — 5.5 5.1 9% Noncore operating losses & transaction related expenses (0.37 ) $ Depreciation — ) 2,090.7 40,604 (32.0 1,476.3 $ Less: subcontractor and other direct costs 376.7 (5% 3 ) Depreciation (1) $ — $ Amortization of intangible assets 3,503.9 $2.30 to $2.50 2,004.6 — FY21 GAAP Interest Expense Guidance based on Adjusted Interest Expense Guidance 145,861 September 30, 2020 5.6 $ $ ) Restructuring expenses* $ $ — 150.7 Adjusted 1(Non-GAAP) Working capital Income (loss) from discontinued operations Net Income 153,744 0.17 (0.20 50.8 (41,195 6.1 (1.6 %) Amortized bank fees included in interest expense Total debt, excluding unamortized debt issuance costs Cost of revenue 3,235.1 905.6 3,569.0 (32.7 Corporate Total $ 0.55 ) 88,774 1,539.7 4,008 — Reconciliation of Net Income Attributable to Noncontrolling Interests from Continuing Operations toAdjusted Net Income Attributable to Noncontrolling Interests from Continuing Operations — $ 34,914 Income from operations $141 ) $ Interest income Pinterest — Gross profit $ 39,054 (0.2 — 12,998,951 Equity in earnings of joint ventures $ EBITDA 173.4 (206.9 2,066.4 (12.0 192.3 $5 — ) Three Months Ended $425 to $625 Less: subcontractor and other direct costs 0.2% 1,558.8 25,601 472,739 0.04 1,046.0 153.7 — 15.9 — $ (4.2 $ — AdjustedYoY %Change Three Months Ended December 31, 2020 44.9 — (1.5 0.20 141,173 41.5 5.7 % ) 0.4 — General and administrative expenses 201.4 (0.1 Contracted backlog $ 30.0 $ 3,829,735 (13,038 Total assets 5.3 GAAP net income attributable to AECOM from continuing operations guidance Total cash and cash equivalents AECOM $ $ $ (14.2 3,610,945 (4.0 (12,490 $ (0.1 — Revenue, net of subcontractor and other direct costs 472,739 Total backlog % Net income attributable to noncontrolling interestsfrom continuing operations $ — 30.9 Diluted earnings per share 5.3 7.1 $ Revenue Three Months Ended December 31, 2019 — 146,439 $ – (43,614 114,375 Amortization of intangible assets 15.5 — ($14) 51.6 151.4 Income before income tax expense 725.4 3.3  Accelerated depreciation of project management tool % — $ Operating Cash Flow (44.8 ) 146.4 (733.3 6,429 ) 13.0  Amortization of intangible assets 9,928 Net income attributable to AECOM – per diluted share 6.1 $ $ ) WhatsApp 96.9 783,095 929.1 Restructuring costs $ ) International (3.4 (37.6 — Revenue $ $ 47.5 43.1 (687.8 Revenue, net of subcontractor and other direct costs 65.3 $ Adjusted net income attributable to noncontrolling interests from continuing operations $ ) 42,062 (all figures approximate) 1,695.9 5.7 % Regulation G Information 174.5 Equity in earnings of joint ventures $ Amortization of deferred financing fees 13.0 — Restructuring Sep 30,2020 755.6 (8,443 3,008 25.6 $ $ $ 142.6 (0.1 0.04 (0.1 $0.62 — — %) Americas 5.8 5.6 — $ Total backlog AECOM 33.8 1,708.3 $0.03 ) — 0.25 Fiscal Year End 2021 — Revenue Adjusted income from operations 18.6 % (2,419 (5.4 783.1 865,791 $ ) Gross profit $0.54 4.7% 83.4 ) ) 1,546.4 Income tax expense 1,694.3 ) %) Regulation G Information ) ) ) 619.3 $ 184,370 159.5 ) ) 831.1 — $ (38,360 149.5 Reconciliation of Revenue to Revenue, Net of Subcontractor and Other Direct Costs (NSR) 94% — Restructuring costs 175.0 $ — 8,201 ) Segment Performance (excludes ACAP) 2.3 Current portion of long-term debt Less: Total cash and cash equivalents Adjusted net income attributable to AECOM from continuing operations Unconsolidated JV backlog Adjusted income from operations 165,800 ) – 5.3 Discontinued operations $ Noncore operating losses & transaction related expenses General and administrative expenses ) 45.0 NM 184,370 December 31,2019 41.1 (0.38 151,424 Tax effect of the above adjustments* Continuing operations 184% 3,313.2 Less: subcontractor and other direct costs 1,695.9 (0.2 1,836.9 ) 170.1 $ $center_img September 30,2020 1,836.9 Total AECOM stockholders’ equity 0.54 25.6 ) 32,063,693 December 31,2020 0.57 $ 55.0 $ 4,419,506 (0.04 $ $ (0.1%) Adjusted EBITDA Guidance 22.0 $346 to $376 (0.09 $ 91.9 (30.0 $ $ (3.8 $ Basic earnings per share 134.5 4.3 30.9 $ — $ $ (in millions, all figures approximate) 8,201 Reconciliation of Net Cash (Used in) Provided by Operating Activities to Free Cash Flow $ $ 2,085,017 2,452.0 2.0 — Dec 31,2020 15,906 * Adjusts the income tax expense (benefit) during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above. — $ $ $ (0.1 +140 bps $ 36,517,886 157,332 ) $ $ (238.0 28.7 $ 863.0 Net income Pinterest Revenue, net of subcontractor and other direct costs 0.8 ) —  Financing charges in interest expense $790 to $830 3,392.3 0.1 83,360 $ $  Noncore operating losses & transaction related expenses 1,803.2 Net income (loss) attributable to AECOM from discontinued operations As ReportedYoY %Change 141.2 Adjusted income tax expense for continuing operations Revenue Depreciation and amortization 4.7 Accelerated depreciation of project management tool — Twitter $ 1.3 Income from operations ) 663 ACAP income from operations Restructuring costs % Diluted $ 865,791 — 6.9 35% 30.7 159.5 (37.8 184.2 $ GAAP EPS Guidance 143.8 (21.3 $ Reconciliation of Income from Continuing Operations Before Taxes toAdjusted Income from Continuing Operations Before Taxes 1.4 1,066,746 — — Accelerated depreciation of project management tool Adjusted interest expense, net Facebook — 15.5 32.7 61.9 ) Note: Variances within tables are due to rounding. (406.7 – $ Dec 31,2020 0.54 4,402,277 ) Adjusted income from continuing operations before tax expense ) 109.4 $ 112.1 $ 12,504,555 ) Income tax expense for continuing operations % Operating Income 28% $ $ 2,064.1 Tax effect of the above adjustments* 2,908,204 $ 74.6 Restructuring* ) Basic 162.0 Reconciliation of Segment Income from Operations to Adjusted Income from Operations 5.3 %) $ Gross profit as a % of revenue Income from continuing operations before tax expense %) Revenue Net income attributable to AECOM from continuing operations Revenue, net of subcontractor and other direct costs Previous articleSummit Wireless Technologies Presents Wireless Audio Design to Industry Display LeadersNext articleEminence Capital Releases Investor Presentation on Grossly Inadequate Offer Resulting From Highly Manipulated Pluralsight Sales Process Digital AIM Web Support Dec 31,2019 0.03 (4.0 Backlog – 5.6 Net cash (used in) provided by operating activities $ ) $40 6.9 (0.1 176.0 (0.1 — Adjusted income from operations ) $ $ (4.1 – (17.4 2,004.6 ) 91.9 ) (unaudited – in thousands) Reconciliation of Net Income (Loss) Attributable to AECOM from Continuing Operations toAdjusted Net Income Attributable to AECOM from Continuing Operations Cost of revenue — Local NewsBusiness 18,180 Capital expenditures, net of proceeds from equipment disposals ) ) 83.4 142.5 (5,414 41.1 — 39.7 (from Continuing Operations; $ in millions, except EPS) (13,038 757,260 $392 to $422 Reportable Segments 15.9 13.0 — ) $ Accounts receivable and contract assets, net Awarded backlog Free cash flow Income from operations The Company continues to expect free cash flow 6 of between $425 million and $625 million in fiscal 2021, which is consistent with the highly cash generative nature of its Professional Services business and reflects 75% unlevered free cash flow conversion of adjusted EBITDA at the mid-point of the range. “As our strong first quarter results demonstrated, we have successfully positioned AECOM as a pure-play Professional Services business with higher margins, a stronger return on invested capital, and a focused strategy on its largest profit pools with the best growth opportunities,” said Troy Rudd, AECOM’s chief executive officer. “The inherent attributes of our business, including a strong backlog, highly variable cost structure, diverse client base, and an agile culture, position us well to perform across varied market trends and give us confidence to deliver on our strategic and financial commitments.” “The organization has embraced our Think and Act Globally strategy, which is inspiring our teams to focus on profitable growth and to fully deliver the full suite of AECOM’s Professional Services capabilities to our clients across the globe,” said Lara Poloni, AECOM’s president. “We secured positions on additional key frameworks this quarter that underpin our confidence in our largest international markets, such as the U.K., and our clients are increasingly turning to us to lead their ESG and sustainability initiatives, areas where we excel and are well positioned to deliver growth.” “Our strong first quarter performance included a 140 basis point increase in the segment adjusted operating margin, resulting in 9% adjusted EBITDA growth and 35% adjusted EPS growth, underscoring the benefits of our more focused organization,” said Gaurav Kapoor, AECOM’s chief financial officer. “We made it a priority this year to deliver more consistently phased free cash flow, which enabled us to accelerate our share repurchase activity and create value for our stockholders. At the mid-point of our full year guidance, we expect to deliver more than $500 million of free cash flow between now and the end of September, creating additional opportunities to execute on our capital allocation policy, including our commitment to return substantially all available cash and free cash flow through stock repurchases.” Business Segments Americas Revenue in the first quarter was $2.6 billion, a 4% increase from the prior year. Net service revenue 2 of $863 million declined by 1% on an organic 3 basis after adjusting for the impact of two additional available workdays in the prior year. Operating income was $146 million and on an adjusted basis 1 operating income was $151 million, both of which were effectively unchanged from the prior year. The adjusted operating margin on an NSR 2 basis of 17.5% was an 80 basis point increase over the prior year, which reflects the benefits of the actions taken to enhance margins through a simplified operating structure, as well as investments in technology, shared service centers, and design centers to enhance project delivery efficiencies. International Revenue in the first quarter was $756 million, a 4% decrease from the prior year. Net service revenue 2 of $613 million declined by 3% on an organic 3 basis after adjusting for two additional available workdays in the prior year. Operating income was $42 million compared to $29 million in the prior year. On an adjusted basis 1, operating income was $43 million compared to $30 million in the prior year. The adjusted operating margin on an NSR 2 basis increased by 230 basis points over the prior year to 7.0%. This performance also marked a 440 basis point increase since the beginning of fiscal 2019 when the Company began executing actions to improve margins, including consolidating real estate, implementing a streamlined G&A structure and exiting lower-returning countries. Discontinued Operations In October 2020, the Company closed on the sale of its Power construction business and, following the close of the first quarter, the Company closed on the sale of the Civil construction business. Results for discontinued operations included a $70 million loss related to the disposition of these businesses. Balance Sheet As of December 31, 2020, inclusive of discontinued operations, AECOM had $1.2 billion of total cash and cash equivalents, $2.1 billion of total debt, $874 million of net debt and $1.33 billion in unused capacity under its prior $1.35 billion revolving credit facility. Gross leverage 9 of 2.3x remains below the Company’s long-term leverage target of 3.0x. New Sustainability-Linked Financing AECOM also announced separately that it has completed an amendment to its existing senior secured credit facilities that included incentives linked to the achievement of certain sustainability and diversity goals. The transaction extended the maturity of the facilities to 2026 and, reflecting the Company’s commitment to ESG and delivering a better world, the transaction ties a portion of the pricing of its debt to the achievement of certain sustainability and diversity measures, including reducing greenhouse gas emissions at a rate that is consistent with its previously announced Science Based Targets and increasing the percentage of women in the organization. Tax Rate The effective tax rate was 22.4% in the first quarter. On an adjusted basis, the effective tax rate was 26.2%. The adjusted tax rate was derived by re-computing the annual effective tax rate on earnings from adjusted net income. 10 The adjusted tax expense differs from the GAAP tax expense based on the taxability or deductibility and tax rate applied to each of the adjustments. Conference Call AECOM is hosting a conference call tomorrow February 9 th at 12 p.m. Eastern Time, during which management will make a brief presentation focusing on the Company’s results, strategies and operating trends. Interested parties can listen to the conference call and view accompanying slides via webcast at https://investors.aecom.com. The webcast will be available for replay following the call. 1 Excludes the impact of non-operating items, such as non-core operating losses and transaction-related expenses, restructuring costs and other items. See Regulation G Information for a complete reconciliation of non-GAAP measures to the comparable GAAP measures. 2 Revenue, net of subcontractor and other direct costs. 3 Organic growth is calculated at constant currency and reflects revenue associated with continuing operations. Results expressed in constant currency are presented excluding the impact from changes in currency exchange rates. 4 Reflects segment operating performance, excluding AECOM Capital. 5 Net income before interest expense, tax expense, depreciation and amortization. 6 Free cash flow is defined as cash flow from operations less capital expenditures, net of proceeds from equipment disposals. 7 On a constant-currency basis. 8 Book-to-burn ratio is defined as the dollar amount of wins divided by revenue recognized during the period, including revenue related to work performed in unconsolidated joint ventures. 9 Gross leverage is comprised of EBITDA as defined in the Company’s credit agreement dated October 17, 2014, as amended, which excludes stock-based compensation, and total debt on the Company’s financial statements. 10 Inclusive of non-controlling interest deduction and adjusted for financing charges in interest expense, the amortization of intangible assets and is based on continuing operations. About AECOM AECOM (NYSE:ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020. See how we deliver what others can only imagine at aecom.com and @AECOM. Forward-Looking Statements All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Management Services transaction, including the risk that the expected benefits of the Management Services transaction or any contingent purchase price will not be realized within the expected time frame, in full or at all; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement. Non-GAAP Financial Information This press release contains financial information calculated other than in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company believes that non-GAAP financial measures such as adjusted EPS, adjusted EBITDA, adjusted net/operating income, adjusted tax rate, net service revenue and free cash flow provide a meaningful perspective on its business results as the Company utilizes this information to evaluate and manage the business. We use adjusted EBITDA, adjusted EPS, adjusted net/operating income and adjusted tax rate to exclude the impact of non-operating items, such as amortization expense, taxes and non-core operating losses to aid investors in better understanding our core performance results. We use free cash flow to represent the cash generated after capital expenditures to maintain our business. We present constant currency information to help assess how our underlying businesses performed excluding the effect of foreign currency rate fluctuations to aid investors in better understanding our international operational performance. We present net service revenue to exclude subcontractor costs from revenue to provide investors with a better understanding of our operational performance. We present segment adjusted operating margin to reflect segment operating performance of our Americas and International segments, excluding AECOM Capital. Our non-GAAP disclosure has limitations as an analytical tool, should not be viewed as a substitute for financial information determined in accordance with GAAP, and should not be considered in isolation or as a substitute for analysis of our results as reported under GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies. A reconciliation of these non-GAAP measures is found in the Regulation G Information tables at the back of this release. (0.8 (15.2 Less: subcontractor and other direct costs Net income (loss) attributable to AECOM from continuing operations ) Three Months Ended 0.2 152.6 Net income (loss) attributable to AECOM per share: $ (2.7 * Calculated based on the mid-point of AECOM’s fiscal year 2021 guidance. Note: Variances within tables are due to rounding.  ) (0.1 Balance Sheet Information $ Interest expense (4,047 $ 42.1 19,848,127 Net income attributable to noncontrolling interests Financing charges in interest expense Short-term debt $ 95.2 $ Segment adjusted operating income as a % of net service revenue Three Months Ended $ 170% ) Discontinued operations 3,786 $ Noncontrolling interests in income of consolidated subsidiaries,net of tax ) Tax effect of the above items $ $ 160.0 198.1 1,439,912 $ 2,312,550 26,128 3,313,155 0.04 Fiscal Year End 2021  Restructuring costs %) September 30,2020 3.4 — (5.5 Amortization of intangible assets included in NCI, net of tax 157.0 — %) 160.7 By Digital AIM Web Support – February 8, 2021  Tax effect of the above adjustments * 0.26 Reconciliation of Income Taxes for Continuing Operations toAdjusted Income Taxes for Continuing Operations Income (loss) from operations Consolidated Statement of Income — Amortization of intangible assets Reconciliation of Total Debt to Net Debt $ 0.04 20.7 International Segment: 1,407 $118 3,128,785 $ Restructuring costs ) %) Weighted average shares outstanding – basic Adjusted net income attributable to AECOM from continuing operations excludes: Per diluted share adjustments: Balance Sheet Information: 141,173 0.11 FY21 GAAP Net Income Attributable to AECOM from Continuing Operations Guidance based onAdjusted EBITDA Guidance 0.19 $ $ Other income Restructuring costs $95 204.0 843,248 Amortization of intangible assets — 5.8 Restructuring costs $ (31.1 Capital expenditures, net Adjusted net income attributable to AECOM – per diluted shares 2,557,260 3,235,610 39.4 Interest income (2) 62% 30.7 169.9 Reconciliation of Net Income (Loss) Attributable to AECOM from Continuing Operations to EBITDA to Adjusted EBITDA and to Adjusted Income from Operations (1.3 2% (13,038 19.3 ($4) 0.04 $ (2.0 $ 0.19 Interest expense 91.9 (unaudited – in thousands) Twitter $ 533 Diluted 2,778.5 Amortization of intangible assets Gross profit Noncore operating losses & transaction related expenses 0.62 0.01 — 1,539.2 December 31,2019 Net debt ) Basic ) (0.02 $ 5.2 (1,480 189.0 December 31, 2020 % 613.0 — Balances at $ $ 19,397,815 $3,313 ) Weighted average shares outstanding: $ (3.9 $ 284 Valuation allowances and other tax only items $ 125.1 17,560,004 $ 4.0 145.8 1.0 (44,925 13,949,059 3,313,155 — $ ) Total debt, excluding unamortized debt issuance costs 1.9 122.8 $ 2,732.3 December 31,2020 Americas Segment: (in millions, except per share data) September 30,2020 %) 6.9 AECOMCapital Restructuring costs $ 2,557.3 $ * Adjusts the income tax expense (benefit) during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above. 154.3 0.06 1,476.0 (71.0 — $ $ 18.6 $ ) (716.7 Income from operations $ $ ) (44,925 Americas % 0.28 Income from operations — Corporate net expenses $ Noncore operating losses & transaction related expenses 0.17 Adjusted income from operations 0.1 649.3 1.8 9,928 %) $ Segment Performance (excludes ACAP): 1.4 6.7 (5.5 $ Revenue $ 188.5 Noncore operating losses & transaction related expenses (34.6 $ Amortization of intangible assets — 169.9 6.1 Revenue $7 Tax effect of the above items AECOM 180.5 AECOMRegulation G Information(in millions, except per share data) (4.0 16,018,392 Interest income (2) AECOM 91.9 ) 87,189 EPS (Fully Diluted) Operating Cash Flow Guidance Equity in earnings of joint ventures 5.6 AECOM Regulation G Information (in millions) Cost of revenue Subcontractor and other direct costs ) * Adjusts the income tax expense (benefit) during the period to exclude the impact on our effective tax rate of the pre-tax adjustments shown above. Long-term debt, gross Gross profit as a % of revenue 2,451,982 $2.60 to $2.80 Adjusted EPS Guidance (86,120 (in millions, all figures approximate) Dec 31,2019 114.4 ) 157.3 Fiscal Year End 2021 $20 56.6 $ $0.26 $ $ $ Amortization of deferred financing fees — General and administrative expenses $ $ Revenue 2.7 9,737 $157 to $167 5.8 – *Calculated based on the mid-point of AECOM’s fiscal year 2021 guidance. $ (40,377 ($0.12) Reconciliation of Income from Operations to Adjusted Income from Operations 193.8 44.9 ($5) Adjusted EBITDA excludes: AECOM reports first quarter fiscal year 2021 results $ %) 1,708,332 Reconciliation of FY21 Operating Cash Flow Guidance to Free Cash Flow Guidance $160 (3.9 (1,223 %) — ($110) GAAP Interest Expense Guidance International Reconciliation of Income from Operations as a % of Revenue to Segment Adjusted Operating Income as a % of Net Service Revenue ) Income from operations as a % of revenue Segment Operating Margin 4 (on NSR) Reconciliation of Net Income per Diluted Share to Adjusted Net Income per Diluted Share $ — 1.1% $ $1,476 (1) Excludes depreciation from discontinued operations, noncore operating losses, and accelerated depreciation of project management tool.(2) Included in other income. 7.0% 1.8 50,820 Financing charges in interest expense 0.09 AECOM $ TAGS  — Adjusted EPS excludes: — % )last_img read more

Prosecutors Cannot Lose Sight Of Rights Of Citizens

first_imgColumnsProsecutors Cannot Lose Sight Of Rights Of Citizens Sidharth Luthra, Senior Advocate & Supriya Juneja, Advocate2 Jun 2020 10:36 PMShare This – xThe Bar Council of India Rules on “Standards of Professional Conduct and Etiquette” cast a high duty on all Advocates to restrain and prevent their clients from resorting to sharp or unfair practices and to use restrained language in correspondences (Section I Rue 4). While all advocates are duty bound to fearlessly uphold the interests of their clients, a higher burden is cast…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Bar Council of India Rules on “Standards of Professional Conduct and Etiquette” cast a high duty on all Advocates to restrain and prevent their clients from resorting to sharp or unfair practices and to use restrained language in correspondences (Section I Rue 4). While all advocates are duty bound to fearlessly uphold the interests of their clients, a higher burden is cast on Prosecutors to be fair and not just seek convictions. The Bar Council Rules are not exhaustive and Advocates are required to conduct themselves as officers of the Court, “bearing in mind that what may be lawful and moral for a person who is not a member of the Bar… may still be improper for an Advocate”. Having represented the Union of India, State Governments and its investigating agencies from 2012 onwards, one of the principles that Senior colleagues at the Bar had shared with us was that law officers and Prosecutors are not just lawyers for the government or its agencies, but more importantly they represent the citizens of this country as well. The prosecution service was separated from the investigators under the Code of Criminal Procedure, 1973 in order to ensure its independence. While Prosecutors must effectively oppose unjustified claims, they cannot lose sight of the rights of citizens involved and must ensure that the fairness of the judicial process is not lost by reckless opposition to any petition of an accused who is entitled to presumption of innocence till proven guilty. The CoVid-19 lockdown has created a situation where Courts including the Supreme Court, are functioning in a virtual environment and Advocates-on-Record do not have physical access to the Registry. The rules now in place require even bail applications in pending matters moved through e-filing to have prior consent of State agencies and complainant for the purpose of listing. In came a recent email responding to a listing request of counsel, an Investigating Agency simply recorded “…STRONG OBJECTION OF LISTING OF THIS MATTER. PLEASE BE NOTED”. That this was sent from the Central Agency of this Government where a litigant in custody was seeking bail is a matter of great consternation to anyone who values liberty of the citizen, for it means that the right to access court is at the whim and fancy of the Prosecutor or the Government agency instructing him. Instances such as this merit a serious relook at listing processes since the existing directions of the Registry requiring consent of opposing parties if withheld arbitrarily by State agencies leads to deprivation of liberty contrary to Article 21 of the Constitution. When a State agency determines that they will obstruct the listing of the matter, it is almost as if the State agency is sitting to filter and and obstruct the listing of matters denying relief to those seeking liberty, by barring access to court. Next Storylast_img read more

Unmerited Acquittals In POCSO Cases: Supreme Court Collegium Withdraws Recommendation to Make Justice P V Ganediwala Permanent

first_imgTop StoriesUnmerited Acquittals In POCSO Cases: Supreme Court Collegium Withdraws Recommendation to Make Justice P V Ganediwala Permanent Press Trust of India30 Jan 2021 1:57 AMShare This – xThe Supreme Court Collegium is understood to have withdrawn its approval to a proposal for the appointment of an additional judge of the Bombay High Court, Justice P V Ganediwala, as a permanent judge of the court following her two controversial verdicts in sexual assault cases.The decision was taken after the judge faced flak for her interpretation of sexual assault under the Protection…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Supreme Court Collegium is understood to have withdrawn its approval to a proposal for the appointment of an additional judge of the Bombay High Court, Justice P V Ganediwala, as a permanent judge of the court following her two controversial verdicts in sexual assault cases.The decision was taken after the judge faced flak for her interpretation of sexual assault under the Protection of Children from Sexual Offences (POCSO) Act, a source said.Justice Pushpa Ganediwala recently acquitted a man accused of groping a 12-year-old girl’s breast because he did not make skin-to-skin contact and days earlier, ruled that holding the hands of a five-year-old girl and unzipping the trousers do not amount to “sexual assault” under the POCSO Act.On January 27, the Supreme Court stayed the Bombay High Court order acquitting the man after Attorney General K K Venugopal said the order would set a dangerous precedent.The collegium headed by Chief Justice S A Bobde, at a meeting held on January 20, had okayed the proposal for making Justice Ganediwala a permanent judge.In two other judgments this month, Justice Ganediwala acquitted two men accused of raping minor girls after noting that the testimonies of the victims did not inspire confidence to fix criminal liability on the accused.”No doubt the testimony of the prosecutrix (victim) is sufficient for conviction of the accused. However, the same ought to inspire confidence of this court. It ought to be of sterling quality,” she said in one of the judgments.Justice Pushpa Virendra Ganediwala was born on March 3, 1969 at Paratwada in Maharashtra’s Amravati district.She was a panel advocate for various banks and insurance companies and was also an honorary lecturer in various colleges of Amravati and gave lectures to the MBA and LLM students of the Amravati University.She was directly appointed as a district judge in 2007 and was elevated as an additional judge of the Bombay High Court on February 13, 2019.Besides the CJI, justices N V Ramana and R F Nariman are part of the three-member collegium, which takes decisions with regard to high court judges.Next Storylast_img read more

Murder victim found in CT identified as 24-year-old NY woman

first_imgWABC-TV(GREENWICH, Conn.) — The young woman whose body was found bound in a suitcase in Greenwich, Connecticut, has been identified as Valerie Reyes, 24, of New Rochelle, New York, officials said. The gruesome discovery was made on Tuesday morning. Reyes’ body was in a suitcase along the side of a Greenwich road and her hands and feet were bound, authorities said. Reyes was last seen on Jan. 29 and was reported missing to the New Rochelle Police Department, Greenwich Police Capt. Robert Berry said in a statement. Reyes’ cause of death has not been confirmed, Berry said. As the hunt for her killer continues, Berry said “many pieces of possible physical evidence were collected and results from forensic analysis are pending.” Greenwich sits along the New York-Connecticut state border. New Rochelle is about 12 miles away from Greenwich. Greenwich Police are working with New Rochelle Police on the case, Berry said. Greenwich investigators “have received a multitude of tips,” Berry said, and “we are asking the public for any information they may possess concerning Valerie and/or her disappearance.” Reyes’ family is “obviously devastated by the loss,” Berry added, “and our heartfelt condolences go out to them.” Anyone with information is asked to call the Greenwich Police tip line at (203) 622-3333. Copyright © 2019, ABC Radio. All rights reserved.last_img read more

European Commission set to toughen

first_img Previous Article Next Article Related posts:No related photos. Comments are closed. All major UK employers will be forced to consult with their staff via national works councils under proposals drafted by the European Commission. A copy of the plans obtained by Personnel Today states that all organisations employing more than 50 people will be required to set up a council. Currently only employers with over 1,000 staff and employing over 150 personnel in two or more countries are required to consult with staff through so-called European works councils. According to the leaked document the French government will make the proposals one of its priorities when it takes over the presidency of the commission in June. The German and UK governments have previously resisted moves for the wider introduction of works councils, but EC insiders say German opposition has crumbled. And the recent fiasco over the break up of Rover and the poor consultation with staff and unions will make it hard for the UK government to resist the move. If the EC is successful, governments will vote on the plans by December and will have two years to introduce them. The move would force employers to consult on issues such as mergers and redundancy. The paper, drafted by senior EC official Franz Berger, also advocates forcing certain European registered companies to have a employee representative on the board. The proposals will meet strong resistance from UK employers. In the past the CBI has voiced opposition to works councils – seeing them as an interference in companies’ rights to establish their own form of employee relations. European employment consultant Peter Reid warned that EC proposals “never go away for good”. He added, “There is a growing head of steam for a formal consultation directive. The Government’s comments on consultation on the Rover sale contradict the line they have taken on national works councils.”Fiona Webster, director of Organisation Resource Counsellors and an expert on European works councils, said the commission is now readier to criticise companies for perceived inadequacies in consulting. She added, “German opposition to works councils at national level will wither. The British government cannot stop this on its own.”By Philip Whiteley European Commission set to toughenOn 28 Mar 2000 in Personnel Todaylast_img read more