Jacobs Solutions (J) reported $2.93 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 29.5%. EPS of $1.33 for the same period compares to $2.02 a year ago.The reported revenue represents a surprise of +0.09% over the Zacks Consensus Estimate of $2.93 billion. With the consensus EPS estimate being $1.29, the EPS surprise was +3.10%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 27, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 1-7463 JACOBS SOLUTIONS INC. (Exact name of registrant as specified in its charter) | Delaware | | | | 88-1121891 | | --- | --- | -- ...

Backlog Grows by 18.9% Year-Over-Year with TTM Book-to-Bill Ratio of 1.3xRepurchased $202 Million of our Shares During Q1Board Authorizes $1.5 Billion for Company's Largest Ever Share Repurchase ProgramIncreasing Dividend to $0.32/share, a 10% Increase Year-Over-YearRaising FY 2025 Adjusted EPS Guidance RangeDALLAS, Feb. 4, 2025 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal first quarter ended December 27, 2024.Q1 2025 Highlights1: Gross revenue of $2.9 ...

Financial Performance - Gross revenue for Q1 2025 was $2.93 billion, representing a year-over-year growth of 4.4%[6] - Adjusted net revenue increased to $2.08 billion, up 5.1% year-over-year[6] - Total revenue for the three months ended December 27, 2024, was $2,932,956, an increase of 4.4% compared to $2,810,227 for the same period in 2023[17] - Adjusted net revenue for the same period was $2,082,497, up from $1,980,976, reflecting a growth of 5.1%[17] - Adjusted EPS for Q1 2025 was $1.33, down 8.3% year-over-year, while GAAP EPS was ($0.10)[6] - The company reported a net loss attributable to the Group of $5,003 for the three months ended December 27, 2024, compared to net earnings of $181,454 in the same period of 2023[21] - Adjusted net earnings attributable to Jacobs from continuing operations for the three months ended December 27, 2024, were $165,828,000, down from $183,418,000 in the prior year, representing a decrease of 9.1%[39] - The diluted net loss from continuing operations per share for the three months ended December 27, 2024, was $(0.10), compared to earnings of $1.03 per share for the same period in 2023[42] - For the three months ended December 27, 2024, Jacobs reported a net loss attributable to continuing operations of $17,129,000 compared to a profit of $128,346,000 for the same period in 2023[45] - Basic net loss earnings from continuing operations per share was $(0.10), down from $1.03 in the same quarter of the previous year[45] - Basic (loss) earnings per share for the quarter was $(0.11), compared to $1.37 in the prior year[45] Backlog and Operational Metrics - Backlog reached $21.8 billion, an 18.9% increase compared to the previous year[6] - The backlog as of December 27, 2024, was $21,815 million, up from $18,348 million, indicating a growth of 13.4% year-over-year[22] - The backlog, representing expected revenue from work to be completed, is a key operational metric that the company uses to evaluate business trends and make strategic decisions[31] Shareholder Actions - The company repurchased $202 million of its shares during Q1 2025[2] Profitability and Margins - The adjusted EBITDA margin is projected to range from 13.8% to 14.0% for fiscal 2025[4] - Segment operating profit for Infrastructure & Advanced Facilities increased to $157,776, a rise of 22.4% from $128,892 in the prior year[17] - Total segment operating profit for the three months ended December 27, 2024, was $224,514, an increase of 22.5% from $183,347 in the same period of 2023[17] - Adjusted EBITDA for the three months ended December 27, 2024, was $282,114,000, compared to $228,274,000 for the same period in 2023, reflecting a year-over-year increase of 23.6%[44] - The adjusted operating margin for the company was calculated as a ratio of adjusted operating profit to adjusted net revenue, providing insights into operational efficiency[29] Investment and Losses - The company recorded $145 million in mark-to-market losses on its investment in Amentum, impacting net income[6] - The company incurred $145.2 million in mark-to-market losses associated with its investment in Amentum stock during the quarter[18] Cash and Liabilities - Cash and cash equivalents at the end of the period were $1,300,441, compared to $1,157,256 at the end of the same period last year, representing an increase of 12.3%[21] - Current assets increased to $4,946,964 from $4,895,580, reflecting a growth of 1.0%[20] - Total current liabilities decreased to $3,943,095 from $4,079,741, a reduction of 3.3%[20] Taxation - The adjusted effective tax rate from continuing operations increased to 27.5% for the three months ended December 27, 2024, compared to a negative rate of (6.9)% in the prior year[36] - The adjusted income tax expense from continuing operations for the three months ended December 27, 2024, was $(70,200,000), compared to a benefit of $12,669,000 in the prior year[36] Future Outlook - The company raised its adjusted EPS guidance for fiscal 2025 from $5.80-$6.20 to $5.85-$6.20[4] - Jacobs will host its Investor Day on February 18, 2025, to discuss long-term strategy[5]

Largest repurchase program in company's historyDALLAS, Feb. 4, 2025 /PRNewswire/ -- The Jacobs' (NYSE: J) Board of Directors has approved a new incremental share repurchase authorization (the "2025 Share Repurchase Program"). The 2025 Share Repurchase Program authorizes the purchase of up to $1.5 billion of Jacobs' common stock over a three-year period.Jacobs Chair and CEO Bob Pragada said, "The Board's authorization of a $1.5 billion share repurchase program, the largest in our company's history, underscor ...

The Transpennine Route Upgrade will deliver faster, more frequent and more reliable journeys across the North of EnglandDALLAS, Feb. 3, 2025 /PRNewswire/ -- Jacobs (NYSE: J) has been selected by Network Rail as Technical Services Integration Delivery Partner for the Transpennine Route Upgrade (TRU), a transformative, major program of railway improvements planned to deliver faster, more frequent and more reliable journeys along a 70-mile route with 23 stations – stretching from York to Manchester, via Leeds ...

Jacobs Solutions, Inc. (J) is slated to report first-quarter fiscal 2025 results on Feb. 4, before market open.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.In the last reported quarter, the company’s earnings topped the Zacks Consensus Estimate by 0.7%, and revenues missed the same by 1.1%. On a year-over-year basis, its adjusted earnings grew 28%, and revenues inched up 4.4%.The leading provider of professional, technical and construction services’ earnings have topped the consens ...

Ten-year contract will continue to improve water service in Mississippi's state capitol DALLAS, Jan. 30, 2025 /PRNewswire/ -- Jacobs (NYSE:J) was selected to operate and maintain the water treatment system in Jackson, Mississippi, by JXN Water, the entity responsible for ensuring reliable water service for citizens in the state's largest city. This contract follows a short-term operations and maintenance (O&M) agreement that provided nearly 180,000 residents in and around Jackson with more reliable drinking ...

Core Points - Jacobs has been awarded a five-year, $80 million contract by the Naval Facilities Engineering Systems Command (NAVFAC) Atlantic to provide multimedia environmental compliance engineering support to the U.S. Navy and other Department of Defense installations globally, focusing on the eastern U.S., Europe, Africa, and the Middle East [2][3] - This contract continues Jacobs' over 40 years of support to NAVFAC, enhancing the environmental compliance of the U.S. Navy, which is one of the largest maritime operations in the world [3][4] - Jacobs will deliver services related to petroleum storage tank compliance, oil spill preparedness, air quality compliance, and waste management, among others [3][4] Company Overview - Jacobs generates approximately $12 billion in annual revenue and employs nearly 45,000 people, providing end-to-end services across various sectors including advanced manufacturing, energy, environmental, and transportation [5] - The company is recognized for its expertise in sanitary and storm sewers, wastewater treatment, and soil remediation, holding the No. 1 ranking in several categories by Engineering News Record in 2024 [4]

Jacobs Solutions Inc. (J) is set to deliver architecture and engineering services through a multiple-award task order contract from the Japan District of the U.S. Army Corps of Engineers (USACE).Valued at a total aggregate contract capacity of $249 million, this contract is considered for supporting the U.S. Department of Defense. Jacobs will offer services during a seven-year performance period, comprising a five-year base period and a two-year option period.Jacobs’ Work ScopePer the contract, the company ...