Cramer got behind AECOM Technology when it came public on May 10, and it’s had a nice little run since then. To dig a little deeper into this engineering and construction play, Cramer put CEO John Dionisio on the line.
AECOM has been in the environmental business for 100 years, Dionisio said, and one of its major themes is that it aims to be the green engineering and construction company. In each of AECOM’s markets, including transportation, facilities and environmental, the company embeds its green design, Dionisio said.
In addition to being a play on the environment, AECOM is a play on the global infrastructure boom. Forty percent of the company’s revenue is generated outside the U.S., Dionisio said. “Our overseas market is growing at double the pace of our domestic market.”
Cramer is staying on board. “You need more than just Freeport-McMoRan , McDermott and Shaw Group ,” he said. “You need AECOM.”
Jim's charitable trust owns Freeport-McMoRan.
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