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Jacobs Gets Selected for AMP8 Water Modeling by United Utilities
AMPAmeriprise Financial(AMP) ZACKS·2024-12-11 15:00

Core Insights - Jacobs Solutions Inc. has been selected by United Utilities to provide modeling support for water infrastructure during the asset management period (AMP8) from 2025 to 2030, with an initial agreement of five years and a potential extension to 11 years [1][3]. Group 1: Partnership and Services - Jacobs will offer water network and water quality modeling services, collaborating with United Utilities and its supply chain to explore innovative solutions and advanced modeling techniques [2]. - The partnership aims to address challenges such as climate change, water security, and aging infrastructure, contributing to the largest water and wastewater infrastructure investment in North West England in a century [3]. - United Utilities serves approximately seven million people, supplying water to three million households and 200,000 business premises [3]. Group 2: Strategic Contributions - Jacobs is part of United Utilities' Strategic Solutions Team, focusing on optimizing the AMP8 major capital program and providing tactical project management office support [5]. - The company plays a key role in United Utilities' engineering services framework, offering strategic studies, business planning, asset optimization, and project management [6]. - Jacobs' Aqua DNA solution utilizes live data, smart sensors, and AI-driven analytics to enhance wastewater network performance, supporting the resilience of critical assets [6]. Group 3: Financial Performance and Outlook - Jacobs' fiscal 2024-end backlog increased by 22.5% year over year to $21.8 billion, indicating strong project wins and robust demand [9]. - The book-to-bill ratio was reported at 1.67x in the fiscal quarter, highlighting future revenue stability [9]. - Despite challenges such as increased costs and inflationary pressures, Jacobs is expected to benefit from global trends in infrastructure modernization and energy transition [8][9].