Jacobs Solutions (J)

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Jacobs Wins a $137M Contract for the Rebuild USVI Initiative
ZACKS· 2025-04-16 16:10
Jacobs Solutions Inc. (J) has been selected to offer program management services by the Virgin Islands Public Finance Authority for the "Rebuild USVI" initiative.Jacobs' track record of efficiently and seamlessly fulfilling projects surrounding critical infrastructure rebuilding following severe weather events paves the path for this new contract win.Jacobs’ Responsibilities for the New ProjectSimultaneously working with the U.S. Virgin Islands' Super Project Management Office, Jacobs will be working on cri ...
Jacobs Secures Environmental Services Contract with US Air Force
Prnewswire· 2025-04-16 11:45
Multi-year award supports environmental compliance and restoration efforts for US Air Force installations and federal agencies globally DALLAS, April 16, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was selected by the U.S. Air Force Civil Engineer Center (AFCEC) to deliver architecture and engineering globally through an indefinite delivery indefinite quantity (IDIQ), multiple award task order contract (MATOC) to support environmental restoration, environmental conservation, planning and environmental quality. Un ...
Jacobs to Hold Its Fiscal Second Quarter 2025 Earnings Conference Call and Webcast
Prnewswire· 2025-04-15 14:00
Company Overview - Jacobs is a leading company with approximately $12 billion in annual revenue and a workforce of nearly 45,000 employees [2] - The company provides end-to-end services across various sectors including advanced manufacturing, energy, environmental, life sciences, transportation, and water [2] Upcoming Earnings Release - Jacobs plans to release its fiscal second quarter 2025 earnings results before market open on May 6, 2025 [1] - A conference call will be held at 10:00 a.m. ET on the same day, where management will present the company's results and operating trends [1] Communication and Disclosure - The company utilizes various channels such as press releases, SEC filings, and public conference calls to comply with disclosure obligations [3] - Important information is routinely posted on the company's website, encouraging stakeholders to monitor these channels for material disclosures [3]
Jacobs Awarded Program Management Contract to Rebuild U.S. Virgin Islands
Prnewswire· 2025-04-15 11:45
Critical infrastructure includes hospitals, schools, transit corridors, water and power projects Advisory and consulting services will guide future project phases DALLAS, April 15, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was contracted by the Virgin Islands Public Finance Authority to deliver program management services for the "Rebuild USVI" initiative – the U.S. Virgin Island's plan to recover and rebuild following hurricanes Irma and Maria. With a contract value of $137 million, Jacobs will work with the ...
Jacobs Announces Determination of Post-Closing Adjustments Relating to the Critical Mission Solutions Separation Transaction
Prnewswire· 2025-04-10 20:07
DALLAS, April 10, 2025 /PRNewswire/ -- Jacobs (NYSE:J) announced that it received $70 million and the right to receive 7,299,065 shares of common stock in Amentum Holdings, Inc. (NYSE: AMTM) in connection with the combination of Jacobs' Critical Mission Solutions and Cyber & Intelligence businesses with Amentum Parent Holdings LLC, which resulted in Amentum becoming a publicly traded company last year (the "CMS Separation Transaction"). These amounts represent the final determination of post-closing adjustm ...
Jacobs Solutions (J) Soars 7.0%: Is Further Upside Left in the Stock?
ZACKS· 2025-04-10 15:30
Jacobs Solutions (J) shares rallied 7% in the last trading session to close at $118.54. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.3% loss over the past four weeks.Following President Trump's announcement to suspend U.S. tariffs on most countries for 90 days, Jacobs shares soared, reflecting renewed investor optimism.This construction and technical services company is expected to post quarterly earnin ...
PsiQuantum Selects Jacobs to Deliver One of the World's First Utility-Scale Quantum Computers in Australia
Prnewswire· 2025-03-19 11:45
Group 1 - Jacobs has been selected by PsiQuantum to provide master planning, schematic design, and owner's engineer services for a utility-scale quantum computer in Brisbane, Australia [1][2] - The facility will cover 540,000 square feet and include a main office building, a large-scale cryoplant, and the Quantum Computing Center [2] - Construction is expected to start in 2025 and be completed by the end of 2027 [3] Group 2 - PsiQuantum's quantum computer aims to solve complex problems that conventional and AI computers cannot, contributing to Australia's National Quantum Strategy [2][3] - Quantum computers are seen as a major advancement in computing, with potential applications in healthcare, pharmaceuticals, energy, and national defense [3] Group 3 - Jacobs is recognized as the number one company in Data Centers, Design, Manufacturing, and Industrial Processes by Engineering News-Record in 2024 [4] - The company generates approximately $12 billion in annual revenue and employs nearly 45,000 people, offering end-to-end services across various sectors [5]
Jacobs Lands Key Role in Boise Airport Expansion, Boosts Backlog
ZACKS· 2025-03-14 14:05
Group 1: Jacobs Solutions Inc. Overview - Jacobs Solutions Inc. has been awarded a significant contract for the Boise Airport's multi-year capital expansion, highlighting its leadership in transportation infrastructure [1] - The project aims to accommodate an 81% increase in passenger demand over the past decade, positioning Jacobs at the center of a transformative initiative [1][3] - As the owner's representative, Jacobs will manage planning, design, and initial operations for the expansion, which includes constructing Concourse A and renovating Concourse B [2] Group 2: Economic Impact and Growth - The Boise Airport is crucial for Idaho's economy, providing connections to 27 non-stop destinations, and the expansion will enhance accessibility and stimulate business growth [3] - Jacobs' senior vice president emphasized the importance of managing complex infrastructure projects to meet rising passenger demand and improve the passenger experience [3] - The contract reinforces Jacobs' dominance in airport infrastructure while supporting Boise's rapid economic expansion, indicating strong growth prospects for the company [5] Group 3: Jacobs' Financial Performance - At the end of the fiscal first quarter, Jacobs reported a backlog of $21.8 billion, reflecting an 18.9% year-over-year increase [6] - The company anticipates adjusted net revenues to grow at a mid-to-high single-digit rate year-over-year in fiscal 2025, driven by strong first-quarter results [6] Group 4: Industry Context - Other infrastructure companies such as AECOM, MasTec Inc., and KBR Inc. are also benefiting from increased investments in infrastructure, positioning themselves for significant growth [7] - AECOM reported a backlog of $23.88 billion, up from $23.32 billion year-over-year, indicating strong growth momentum [8] - MasTec's backlog reached a record high of $14.3 billion, up 15.2% year-over-year, driven by strong bookings in Clean Energy and Infrastructure projects [9] - KBR's diversified global portfolio and focus on high-end government business have led to revenue and earnings growth, with 75% of its 2025 revenues already contracted [10]
Jacobs Completes Equity for Debt Exchange
Prnewswire· 2025-03-13 13:17
Core Viewpoint - Jacobs has successfully exited its equity stake in Amentum Holdings, resulting in a significant debt reduction of approximately $312 million through an equity-for-debt exchange [1] Group 1: Transaction Details - Jacobs exchanged 19,464,174 shares of Amentum common stock for approximately £240 million in term loans, leading to a decrease in outstanding borrowings by the same amount [1] - The transaction was facilitated by BofA Securities, Inc., which acted as the selling shareholder in a registered public offering that closed on March 13, 2025 [1][2] - An additional 9,732,087 shares of Amentum common stock remain in escrow, pending performance milestones related to a previous merger [1] Group 2: Strategic Implications - The equity-for-debt exchange is part of Jacobs' business transformation strategy aimed at creating a leading science-based consulting and advisory company [1] - The company aims to deliver resilient, digitally enabled infrastructure solutions that positively impact the world [1] Group 3: Company Overview - Jacobs reported approximately $12 billion in annual revenue and employs nearly 45,000 people, providing end-to-end services across various sectors [4]
Get Into Jacobs Solutions Before It Solves All Of Its Problems
Seeking Alpha· 2025-03-11 18:02
Group 1 - Jacobs Solutions was formed from Jacobs Engineering Group on August 29th, 2022, with each shareholder receiving shares in the new NYSE-listed Jacobs on a 1:1 basis [1] - The company focuses on innovation across various sectors and aims to find investments that combine growth, unique opportunities, and value for both shareholders and customers [1] Group 2 - The analyst expresses a potential interest in initiating a long position in Jacobs Solutions within the next 72 hours [2] - The article reflects the author's personal opinions and does not represent any business relationship with the companies mentioned [2]