Jacobs Solutions Inc. (J) has been awarded a contract by Metro Vancouver to manage the Coquitlam Lake Water Supply Project in British Columbia, Canada. The project aims to expand access to water from Coquitlam Lake, the region's largest drinking water source. It is designed to enhance water treatment and distribution infrastructure while improving resilience to climate change.The company will oversee permitting, design, project controls and construction of critical infrastructure, including a modern intake ...

Environmental and facilities design projects will support cleaner, more resilient communitiesDALLAS, Dec. 12, 2024 /PRNewswire/ -- Jacobs (NYSE: J) was selected by the Omaha District of the U.S. Army Corps of Engineers (USACE) to deliver architecture and engineering services through a multiple award task order contract to support USACE's Northwestern Division locations throughout the contiguous U.S., Alaska, Hawaii and outlying areas on various environmental projects.USACE values the total contract capacity ...

Jacobs Solutions Inc. (J) has been selected to provide engineering, technical, and construction services for Terra Solar Philippines Inc.'s groundbreaking $3.3 billion solar and battery energy storage project. This venture aims to deliver 3,500 megawatts of solar power paired with 4,500 megawatts of battery energy storage, supplying around 12% of the Philippines' total energy needs upon completion.This project is a significant step for the Philippines, which currently relies heavily on coal for electricity. ...

Solar and battery project will help the country's need for more sustainable energy sourcesDALLAS, Dec. 3, 2024 /PRNewswire/ -- Jacobs (NYSE: J) was selected by Terra Solar Philippines Inc., a wholly owned subsidiary of SP New Energy Corporation (SPNEC), to deliver engineering services, technical advice and construction phase services, for a 3,500-megawatt solar panel and 4,500-megawatt battery energy storage system (BESS). The estimated $3.3 billion (PHP 200 billion) Terra Solar project is poised to become ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 27, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ | --- | --- | --- | --- | --- | |-------------------------------------------------- ...

Jacobs Solutions Inc. (NYSE:J) Q4 2024 Earnings Conference Call November 19, 2024 10:00 AM ET Company Participants Bert Subin - SVP, IR Bob Pragada - CEO Venk Nathamuni - CFO Conference Call Participants Michael Dudas - Vertical Research Steven Fisher - UBS Andrew Wittmann - Baird Sabahat Khan - RBC Capital Markets Natalia Bach - Citigroup Sangita Jain - KeyBanc Capital Markets Chad Dillard - Bernstein Jerry Revich - Goldman Sachs Operator Ladies and gentlemen, thank you for standing by. My name is Krista, ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Jacobs Fiscal 2024 | | | | | | | | | | Fourth Quarter & | | | | | | | | | | Full Year Results | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | November 19, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ...

More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...

Jacobs Solutions Inc. (J) reported mixed results for fourth-quarter fiscal 2024 (ended Sept. 27, 2024). Earnings surpassed the Zacks Consensus Estimate, but revenues lagged the same. Nonetheless, both earnings and revenues increased on a year-over-year basis. Shares of this construction and technical services company gained 1.3% in the pre-market trading session, following the earnings release.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Notably, Jacobs completed the separation o ...

Revenue Growth - Revenue for Q4 2024 grew 4.4% year-over-year to $3.0 billion, with adjusted net revenue up 4.3% year-over-year[4] - Fiscal Year 2024 revenue increased 6.0% year-over-year to $11.5 billion, with adjusted net revenue up 5.1%[4] - Revenues for the three months ended September 27, 2024, increased to $2,960.15 million, up 4.44% from $2,834.28 million in the same period last year[21] - Infrastructure & Advanced Facilities segment revenue for the three months ended September 27, 2024, reached $2,670.70 million, up 4.89% from $2,546.04 million in the same period last year[23] - Adjusted net revenue for the three months ended September 27, 2024, was $2,118.93 million, compared to $2,032.29 million in the same period last year[23] - Infrastructure & Advanced Facilities revenue increased to $21,472,000 in September 2024 from $17,526,000 in September 2023, a 22.5% growth[29] - Total revenue for Infrastructure & Advanced Facilities and PA Consulting combined was $21,850,000 in September 2024, up from $17,837,000 in September 2023, a 22.5% increase[29] Net Income and Earnings - Net income for Q4 2024 increased by 333.1% year-over-year to $309 million, with adjusted EBITDA up 12.5% to $289 million[4] - Net income for FY 2024 rose 61.6% year-over-year to $613 million, with adjusted EBITDA up 8.9% to $1,059 million[4] - Net earnings attributable to Jacobs for the three months ended September 27, 2024, rose to $325.44 million, a significant increase from $149.38 million in the same period last year[21] - Net earnings attributable to the Group for the three months ended September 27, 2024, were $338,757,000, compared to $166,996,000 in the same period in 2023, a 102.9% increase[27] - Net Earnings Attributable to Jacobs from Continuing Operations for the three months ended September 27, 2024 was $309.299 million, compared to $71.407 million for the same period in 2023[55] Earnings Per Share (EPS) - EPS for Q4 2024 rose 277.8% year-over-year to $2.38, while adjusted EPS increased 28.0% to $1.37[4] - EPS for FY 2024 increased 57.0% year-over-year to $4.79, while adjusted EPS rose 15.8% to $5.28[4] - Net earnings per diluted share for the three months ended September 27, 2024, were $2.51, compared to $1.24 in the same period last year[21] - Diluted Net Earnings from Continuing Operations Per Share for the three months ended September 27, 2024 was $2.38, compared to $0.63 for the same period in 2023[52] - Adjusted Diluted Net Earnings from Continuing Operations Per Share for the three months ended September 27, 2024 was $1.37, compared to $1.07 for the same period in 2023[52] - Basic Earnings Per Share for the three months ended September 27, 2024 was $2.52, compared to $1.25 for the same period in 2023[56] - Diluted Earnings Per Share for the three months ended September 27, 2024 was $2.51, compared to $1.24 for the same period in 2023[56] Backlog and Book-to-Bill Ratio - Backlog grew 22.5% year-over-year to $21.8 billion, with a Q4 book-to-bill ratio of 1.67x[4] Segment Performance - Segment operating profit for Infrastructure & Advanced Facilities for the three months ended September 27, 2024, was $177.86 million, up 9.74% from $162.06 million in the same period last year[23] - Total segment operating profit for the three months ended September 27, 2024, increased to $239.59 million, up 8.16% from $221.55 million in the same period last year[23] - PA Consulting segment revenue for the three months ended September 27, 2024, was $289.45 million, slightly up from $288.24 million in the same period last year[23] Cash Flow and Financial Position - Cash and cash equivalents increased to $1,144,795,000 in September 2024 from $770,853,000 in September 2023, reflecting a 48.5% growth[25] - Receivables and contract assets rose to $2,845,452,000 in September 2024 from $2,430,941,000 in September 2023, showing a 17.1% increase[25] - Net cash provided by operating activities for the three months ended September 27, 2024, was $196,532,000, down from $219,363,000 in the same period in 2023[27] - Free Cash Flow for the three months ended September 27, 2024 was $158.190 million, compared to $180.117 million for the same period in 2023[55] - Net cash provided by operating activities for the three months ended September 27, 2024 was $196.532 million, compared to $219.363 million for the same period in 2023[55] Debt and Financing - Short-term debt surged to $875,760,000 in September 2024 from $61,430,000 in September 2023, a significant 1,325.6% rise[25] - Long-term debt decreased to $1,348,594,000 in September 2024 from $2,813,471,000 in September 2023, a 52.1% reduction[25] - Net cash used for financing activities was $259,070,000 for the three months ended September 27, 2024, compared to $316,068,000 in the same period in 2023[27] Adjusted Metrics and Non-GAAP Measures - Adjusted net revenue excludes pass-through costs, with a name change in 2023 to emphasize its non-GAAP nature[33] - Adjusted earnings from continuing operations before taxes for the year ended September 27, 2024, were $900.6 million, up from $811.7 million in the previous year[46] - Adjusted net earnings attributable to Jacobs from continuing operations for the year ended September 27, 2024, were $665.1 million, compared to $580.5 million in the previous year[50] - Adjusted EBITDA is calculated by adding income tax expense, depreciation expense, and interest expense to adjusted net earnings from continuing operations[39] - The Company revised its presentation of adjusted net earnings from continuing operations and adjusted EPS starting in the first fiscal quarter of 2024[36] - Adjusted EBITDA for the three months ended September 27, 2024 was $288.942 million, compared to $256.888 million for the same period in 2023[55] Restructuring and Separation Charges - The company recorded $186.90 million in mark-to-market gains associated with its investment in Amentum stock during the three months ended September 27, 2024[23] - Restructuring and other charges for the three months ended September 27, 2024, were $43.39 million, primarily related to the Separation Transaction[23] - Pretax mark-to-market gains of $186.9 million were recorded in connection with the Separation Transaction for the year ended September 27, 2024[46] - Restructuring, integration, and separation charges for the year ended September 27, 2024, were $134.9 million, up from $80.7 million in the previous year[46] - Amortization of intangibles for the year ended September 27, 2024, was $152.7 million, compared to $147.2 million in the previous year[46] - Adjusted income tax expense from continuing operations for the year ended September 27, 2024, was $176.8 million, up from $164.3 million in the previous year[48] Future Outlook - The company expects FY 2025 adjusted net revenue to grow mid-to-high single digits over FY 2024, with adjusted EBITDA margin ranging from 13.8-14.0%[7] - Adjusted EPS for FY 2025 is projected to range from $5.80-$6.20, with reported free cash flow conversion expected to exceed 100% of net income[7] Separation Transaction - The separation of Critical Mission Solutions and Cyber & Intelligence businesses was completed on September 27, 2024, with Amentum now trading on the NYSE under the ticker AMTM[8] Retained Earnings - Retained earnings dropped to $2,366,769,000 in September 2024 from $4,542,872,000 in September 2023, a 47.9% decline[25] Interest Expense - Interest Expense from Continuing Operations for the three months ended September 27, 2024 was $35.686 million, compared to $43.640 million for the same period in 2023[53] Shares and Diluted EPS - Shares used for calculating diluted EPS attributable to common stock for the three months ended September 27, 2024 was 124.884 million, compared to 126.865 million for the same period in 2023[56] Free Cash Flow Calculation - Free cash flow is calculated as net cash provided by operating activities from continuing operations less additions to property and equipment[39]