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ACM / Aecom to exit Russia operations, to record charge of up to $50 million

Aecom to exit Russia operations, to record charge of up to $50 million
Aecom ACM, -1.76% said Friday it is "immediately exiting" its business operations in Russia, given what the consulting firm's Chief Executive Troy Rudd called Russia's "unlawful invasion" of Ukraine. The company said the financial contribution to its businesses related to Russia is not material, and therefore reiterated its fiscal 2022 financial guidance provided a month ago for adjusted earnings per share of between $3.30 and $3.50, which surrounds the current FactSet consensus of $3.44. Read More
Posted: Mar 7 2022, 07:13
Author Name: Market Watch
Views: 110685

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