Core Insights - Jacobs has been selected by Boise Airport to assist in a multi-year capital expansion plan to accommodate an 81% increase in passenger demand over the past decade [1][3] Group 1: Project Details - The expansion plan includes the construction of Concourse A, renovation of Concourse B, and potential improvements to other terminal facilities [1][2] - The design phase for the Concourse A Development and Concourse B Renovation projects is set to begin in 2025 [3] Group 2: Economic Impact - The growth of Boise Airport is critical for economic development in Idaho, connecting the state's capital with 27 non-stop destinations over the past year [3] - Jacobs emphasizes the importance of managing complex infrastructure projects to enhance passenger experience and prepare for future growth [3][4] Group 3: Company Profile - Jacobs is ranked No. 2 in Transportation by Engineering News-Record and provides comprehensive services in various sectors including transportation, energy, and environmental solutions [4][5] - The company generates approximately $12 billion in annual revenue and employs nearly 45,000 people [5]

Core Insights - Jacobs Solutions Inc. has secured a $13.4 million operational technology cybersecurity contract with Hampton Roads Sanitation District, marking it as one of the largest contracts in the U.S. wastewater sector [1] - The contract enhances Jacobs' position in the industrial cybersecurity market, particularly in safeguarding critical infrastructure against rising cyber threats [2][6] Company Strategy and Market Position - The contract involves comprehensive cybersecurity measures, including network engineering and monitoring across 30 square miles of wastewater infrastructure [4] - Jacobs served over 40 U.S. water utilities in fiscal 2024, showcasing its capability in providing advanced industrial cybersecurity solutions [5] - The company is strategically positioned to benefit from increased investment in infrastructure security, indicating strong growth potential in the OT cybersecurity sector [6] Financial Performance and Outlook - Jacobs' backlog increased by 18.9% year over year to $21.8 billion, reflecting strong project wins and robust demand [10] - The book-to-bill ratio was 1.00x for the quarter and 1.3x over the trailing 12 months, indicating future revenue stability [10] - Earnings estimates for fiscal 2025 have slightly declined to $6.05 per share, but still indicate a 14.6% growth from fiscal 2024 [8]

Core Insights - Jacobs has been awarded a significant operational technology (OT) cybersecurity contract by Hampton Roads Sanitation District (HRSD), valued at $13.4 million, aimed at enhancing cybersecurity for wastewater treatment services [2][3] - The contract is notable as one of the largest OT cybersecurity services contracts awarded by a U.S. wastewater utility, reflecting the growing demand for cybersecurity in critical infrastructure [2][3] - The collaboration aims to establish HRSD as a benchmark for cybersecurity excellence in the water and wastewater sector, ensuring the protection of public health and the environment [3] Company Overview - Jacobs is recognized as a leader in OT cybersecurity within the water sector, having served over 40 water utilities across the U.S. in fiscal year 2024 [4] - The company specializes in industrial cybersecurity, leveraging deep knowledge of vertical asset engineering and industrial control systems [4] - Jacobs operates with approximately $12 billion in annual revenue and a workforce of nearly 45,000, providing comprehensive services across various sectors including energy, environmental, and water [5]

Core Insights - Jacobs has been appointed as the Construction Manager as Advisor (CMa) for the Long-Baseline Neutrino Facility (LBNF) Near Site Conventional Facilities project at Fermilab, a leading U.S. particle physics laboratory [1][2][4] - The total project cost for the LBNF facility exceeds $1 billion, with construction expected to commence in 2025 [4] Company Overview - Jacobs has a strong history of delivering complex underground and deep concrete infrastructure projects, including notable works such as the Grand Central Madison program and the Thames Tideway Tunnel [3] - The company reported approximately $12 billion in annual revenue and employs nearly 45,000 people, providing end-to-end services across various sectors [5] Project Details - The LBNF project will support the Deep Underground Neutrino Experiment (DUNE) and involves both above and below-ground construction [2][4] - Jacobs will provide project and construction management, as well as safety oversight for the facilities that will house the DUNE Near Detector [2][4]

Core Viewpoint - Jacobs is positioning itself to capitalize on investment megatrends and high-growth markets, targeting a 6-8% organic adjusted net revenue growth from FY25-29 and aiming for a 16%+ adjusted EBITDA margin with a 10%+ free cash flow margin by FY29 [1][2]. Financial Targets - The company has set the following financial targets for FY25-29: - Adjusted Net Revenue (Organic): +6% to 8% CAGR - Adjusted EBITDA Margin: +50 to 80 basis points per year - Adjusted EBITDA: +10% to 14% CAGR - Free Cash Flow: 10%+ FCF margin by FY29 [4]. Market Opportunities - Jacobs identifies significant serviceable addressable markets (SAM) in various sectors: - Water and Environmental: Estimated $220 billion SAM, focusing on water scarcity, wastewater challenges, and digital solutions - Life Sciences and Advanced Manufacturing: Estimated $120 billion SAM, driven by drug launches and semiconductor demand - Critical Infrastructure: Estimated $390 billion SAM, with opportunities in energy, transportation, and digital integration [6]. Growth Strategy - The company's strategy, "Challenge Accepted," aims to transform Jacobs into a more focused business that can drive profitable growth and deliver market-leading solutions in infrastructure, water, life sciences, and advanced manufacturing [1][2]. Financial Outlook - Jacobs anticipates mid-to-high single-digit growth in adjusted net revenue for fiscal 2025 compared to fiscal 2024, with an adjusted EBITDA margin of 13.8-14.0% and free cash flow conversion exceeding 100% of net income [3].

Core Viewpoint - Jacobs has been selected as Program Manager and Owners Engineer by Xcel Energy to support a multi-billion-dollar capital program aimed at enhancing energy services while transitioning to a low-carbon future [1][2][4]. Group 1: Project Overview - Xcel Energy is planning a significant capital program to improve energy services across eight states, with Jacobs assisting in establishing a Central Program Office and Major Projects Group [2][3]. - The investment plan announced by Xcel Energy in October 2024 amounts to $45 billion, focusing on creating a cleaner, stronger, and more efficient energy grid [4]. Group 2: Jacobs' Role and Expertise - Jacobs will manage a portfolio of projects for Xcel Energy, standardizing processes and transferring knowledge to Xcel Energy employees to ensure consistent execution [3][4]. - The collaboration continues Jacobs' long-standing relationship with Xcel Energy, leveraging its extensive experience in transmission, distribution, and generation projects across various regions [4][5]. Group 3: Industry Recognition - Jacobs has been recognized as the No.1 firm for program management for four consecutive years by Engineering News-Record and holds high rankings in Power, Solar Power, and Wind Power sectors [6].

Jacobs Solutions' (NYSE: J ) 1Q25 results were rather muted. Some end markets performed well, like the Water & Environmental end market, but others lagged, like the advanced manufacturing. However, Jacob's near- as well as long-term outlook looks good, with a potential for margin improvement goingI am a value focused investor, conducting fundamental research on sectors like but not limited to chemicals, homebuilders, building materials, industrials and metals & mining. I prefer to invest in stocks which are ...

Modernizing drinking water infrastructure for treatment of long-lasting synthetic chemicalsDALLAS, Feb. 6, 2025 /PRNewswire/ -- Jacobs (NYSE: J) was selected by the City of Boynton Beach in South Florida to evaluate and design upgrades at two water treatment plants to remove per- and polyfluoroalkyl substances (PFAS) from the city's groundwater supplies to comply with new U.S. federal drinking water regulations. Boynton Beach East At a combined treatment capacity of 30 million gallons per day, the two ...

DISCLAIMER Forward-Looking Statement Disclaimer Certain statements contained in this presentation constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," "target," "goal" an ...

Financial Data and Key Metrics Changes - Total gross revenue increased over 4% in Q1 with adjusted net revenue rising over 5% [7][18] - GAAP EPS was negative $0.10, impacted by a negative $1.16 from mark-to-market loss in investment [8] - Adjusted EPS was $1.33, an 8% decrease year-over-year due to a favorable tax item last year [8][19] - Adjusted EBITDA for Q1 was $282 million, representing a 24% year-on-year increase [9][19] - Consolidated backlog increased 19% year-over-year, reaching $21.8 billion [21] Business Line Data and Key Metrics Changes - Infrastructure and Advanced Facilities saw adjusted net revenue increase by 11% year-over-year [22] - Life Sciences and Advanced Manufacturing grew adjusted net revenue by over 1%, with Life Sciences showing strength [23] - Critical Infrastructure adjusted net revenue increased 5% year-over-year, with North America outpacing total growth [24] - Operating profit in Infrastructure and Advanced Facilities increased by 26% year-over-year [25] Market Data and Key Metrics Changes - Strong demand for Water and Environmental Services across all major geographies [22] - Life Sciences pipeline remains robust, with significant growth expected [23] - Advanced Manufacturing is expected to improve in the second half of the year as new projects ramp up [24][62] Company Strategy and Development Direction - The company is focused on leveraging its global delivery model and end-to-end expertise for long-term shareholder value [7] - Plans to present a strategic vision for Jacobs at the upcoming Investor Day on February 18 [6][16] - Continued emphasis on organic growth, returning capital to shareholders, and potential M&A as an accelerator [85] Management's Comments on Operating Environment and Future Outlook - Customer sentiment remains positive despite political narratives, with double-digit pipeline growth across sectors [40][41] - Confidence in continued growth in Water and Environmental solutions, driven by urbanization and aging infrastructure [56] - Anticipated revenue growth in the second half of the year, particularly in Advanced Manufacturing due to reshoring efforts [62] Other Important Information - Free cash flow for Q1 was $97 million, with $202 million in share repurchases [27][29] - New $1.5 billion share repurchase authorization approved, the largest in company history [29] - Fiscal '25 outlook for adjusted net revenue growth is mid- to high single digits year-over-year [31] Q&A Session Summary Question: Customer sentiment and backlog insights - Management noted that customer sentiment is positive, with no dramatic shifts in behavior despite political narratives [40][41] Question: Margin guidance and initiatives - Margin performance is attributed to cost controls, operating leverage, and improved execution across the asset life cycle [46][47] Question: Growth in Water and Environmental segment - Management expressed confidence in continued growth due to urbanization and climate effects, with deregulation serving as a catalyst [56][57] Question: Advanced Manufacturing visibility - Management indicated that while Advanced Manufacturing is currently weak, there is confidence in growth due to a strong pipeline and reshoring efforts [62] Question: Backlog and pipeline health - Management clarified that the focus on trailing 12-month backlog reflects consistent growth and is not indicative of weakening demand [73][74] Question: PA Consulting revenue growth - Management highlighted that revenue growth is expected to ramp up as larger jobs are finalized, particularly in the U.K. public sector [80] Question: Capital allocation and M&A considerations - Management emphasized organic growth as the top priority, with share repurchases and dividends also being key focuses, while M&A remains an option [85] Question: U.S. federal government exposure - Management stated that less than 10% of business is tied to federal agencies, with no significant impact from current political narratives [92] Question: European and Middle Eastern business outlook - Management reported strong pipelines in the Middle East and positive growth in Europe, particularly in energy and infrastructure sectors [99][100]