AECOM (ACM) Q1 2020 Earnings Call Transcript

AECOM (ACM) Q1 2020 Earnings Call Transcript

I would like to turn the call over Will Gabrielski, Vice President, Investor Relations.. The Management Services business and our at-risk self performed construction businesses have been classified as discontinued operations.. The discussion of operating margins is on an adjusted basis and reflect segment performance for the Americas and International segments, otherwise referred to as the professional services business.. Our discussion of margins will be made on an NSR basis unless otherwise noted.. Beginning today's presentation is Mike Burke, AECOM's Chairman and Chief Executive Officer.. Joining me today are Troy Rudd, our Chief Financial Officer; and Randy Wotring, our Chief Operating Officer.. I will begin with an overview of our financial and strategic accomplishments and review of market trends.. The adjusted operating margin in the Professional Services business increased by 230 basis points to 11.7%, building on the 200 basis point increase we delivered in 2019 and consistent with our expectation for the full year.. We expect backlog to reach a new record in the second quarter.. In the Americas nearly every end market we serve grew in the quarter.. Continued strong support for public infrastructure investments and strong client budgets support our expectation for growth this year.. And in