Fluor Corporation (NEW) (FLR), Chicago Bridge & Iron Company N.V. (CBI): Will We Finally Rebuild America’s Aging Infrastructure?

Founded in 1990, AECOM has grown revenues steadily over the last decade. This is impressive given the nature of such expensive, contract driven work. The company’s success has come from a mixture of organic growth and acquisitions. Most recently, the company has been reaching into emerging markets with acquisitions in Asia and Africa.

The company’s bottom line had been heading higher for five years up until fiscal 2012, when it dipped into the red. However, a non-cash writedown of $2.88 per share was the reason for the poor showing. Europe’s continued economic struggles and the swift troop drawdown in Iraq were to blame. In short, its 2012 results weren’t as bad as they look at first glance.

The company’s shares have had an impressive run over the past year or so, and are now at the high end of a multi-year trading range. Investors should wait to see whether they break out of that range before jumping aboard. If they don’t trade over roughly $35 a share, a drop into the high teens might present a buying opportunity.

Watch for the Spending

None of the companies here are cheap, but they are all positioned to benefit if this country gets serious about fixing its infrastructure. While there isn’t yet a big push for such spending, keep an eye out for it and continue to watch these stocks. While we may put off such expenses as long as possible, we can’t do so indefinitely.

Reuben Brewer has no position in any stocks mentioned. The Motley Fool owns shares of Fluor Corporation (NEW) (NYSE:FLR). Reuben is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

The article Will We Finally Rebuild America’s Aging Infrastructure? originally appeared on Fool.com and is written by Reuben Brewer.

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