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]

Core Viewpoint - The Jacobs Board of Directors has approved a $1.5 billion share repurchase program, marking the largest in the company's history, reflecting confidence in its strategic direction and commitment to returning capital to shareholders [2][3]. Share Repurchase Program Details - The 2025 Share Repurchase Program authorizes the purchase of up to $1.5 billion of common stock over a three-year period, with purchases to be made at management's discretion until January 30, 2028 [1][3]. - The previous 2023 Share Repurchase Program authorized up to $1.0 billion, with $271 million remaining as of the end of the fiscal first quarter of 2025 [2]. Financial Position and Strategy - The share repurchase initiative reflects Jacobs' robust financial position and disciplined capital allocation strategy aimed at enhancing shareholder returns while investing in growth opportunities [2]. - Jacobs reported approximately $12 billion in annual revenue and employs nearly 45,000 people, providing end-to-end services across various sectors [5]. Upcoming Events - The company will host an investor day on February 18, 2025, in Miami, which will be webcast live on its investor relations site [4].

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]

Core Insights - Jacobs Solutions Inc. has secured a $249 million contract from the U.S. Army Corps of Engineers to provide architecture and engineering services over a seven-year period [1] - The contract will support the construction, sustainment, restoration, and modernization of U.S. military facilities [2] - Jacobs' capabilities include a wide range of services for military installations, focusing on critical infrastructure and various operational needs [3] Company Performance - Jacobs reported a backlog of $21.85 billion at the end of fiscal Q4 2024, reflecting a 22.5% increase from $17.84 billion year-over-year, driven by new business awards [5] - The company has experienced a 4.1% stock gain in the past month, outperforming the Zacks Technology Services industry, which saw a 3.9% decline [6] - Jacobs is expected to benefit from trends in infrastructure modernization, energy transition, and national security, alongside a potential super-cycle in global supply-chain investments [6]

Architecture, engineering and facilities design supports more resilient installations for U.S. Department of Defense DALLAS, Jan. 23, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was selected by the Japan 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 the U.S. Department of Defense (DoD). Under this contract, Jacobs will provide a range of services for the U.S. Military construction, sustainment, restorat ...

Jacobs Solutions Inc. (J) has been selected by Ireland’s National Transport Authority (NTA) to offer Client Partner delivery services for BusConnects Dublin.The BusConnects Dublin, under the Core Bus Corridors Infrastructure Works Program, is a critically crafted 10-year initiative. It comprises 12 core bus corridors planned to substantially upgrade walking, cycling and bus infrastructure in Dublin and the Greater Dublin Area while addressing climate change.The primary aim of this developmental program is t ...