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]

Jacobs Solutions, Inc.’s (J) consortium with Mott MacDonald is selected by the West Yorkshire Combined Authority (The CA) as the Design Development Partner for the next phase of the West Yorkshire Mass Transit Programme.The West Yorkshire Mass Transit Programme, one of the largest urban transit schemes in the U.K., aims to connect communities across the region with an advanced, high-capacity public transport system integrated with cycling, walking and rail.Per the deal, the Jacobs - Mott MacDonald consortiu ...

Core Viewpoint - Jacobs Solutions, Inc. is expected to report its fourth-quarter fiscal 2024 results on November 19, with a consensus estimate for earnings per share (EPS) showing a 9.5% increase year-over-year [1][3]. Financial Performance - In the last reported quarter, Jacobs' earnings exceeded the Zacks Consensus Estimate by 0.5%, while revenues fell short by 3.5%. Year-over-year, adjusted earnings grew by 11.4% and revenues increased by 1.1% [2]. - The Zacks Consensus Estimate for EPS has risen to $2.08 from $2.07 over the past 60 days, compared to $1.90 in the same quarter last year [3]. Revenue Growth Factors - Revenue growth in Q4 is anticipated due to investments from the U.S. Infrastructure Act and other economic incentives, alongside Jacobs' strategic shift towards becoming a technology solutions provider [4]. - The company is expected to benefit from a backlog with higher margins, efficiency improvements through digital advancements, and strong project execution [5]. Segment Performance - The People & Places Solutions (P&PS) segment, which accounted for 58.4% of total revenues in fiscal 2023, is projected to show continued organic growth, driven by a strong backlog in water infrastructure and environmental projects [8]. - The consensus estimate for P&PS revenues is $2.68 billion, up from $2.51 billion year-over-year, with operating profit expected to rise to $286 million from $256 million [9]. - The Critical Mission Solutions (CMS) segment, which represented 28.7% of total revenues in fiscal 2023, is expected to see revenues of $1.243 billion, a slight increase from $1.236 billion a year ago, with operating profit anticipated to grow to $109 million from $103 million [10][12]. Strategic Developments - Jacobs announced plans to separate the CMS business to enhance focus on higher-growth areas, culminating in a merger with Amentum, which was completed on September 27, 2024 [11]. - The PA Consulting segment, accounting for 7.1% of total revenues, is expected to report revenues of $303 million, up from $288 million year-over-year, with operating profit projected to increase to $64 million from $59 million [14]. Cost Management - Jacobs anticipates increased overhead costs related to the separation of CMS, which may temporarily affect segment operating margins but is not expected to impact the overall bottom line [15].

Jacobs Solutions, Inc. (J) is all set to act as a progressive design-build contractor for the Donald C. Tillman Advanced Water Equalization Basins project in the City of Los Angeles, CA.J will support LA Sanitation and Environment and the Los Angeles Department of Water and Power on the Groundwater Replenishment Project to increase recycled water production by 2035. Per the contract, Jacobs will undertake design, permitting, construction, start-up and commissioning-related responsibilities together with its ...

West Yorkshire Mass Transit Programme will connect communities and advance growthDALLAS, Nov. 13, 2024 /PRNewswire/ -- A Jacobs (NYSE: J) and Mott MacDonald consortium has been appointed as the Design Development Partner by the West Yorkshire Combined Authority (The CA) in the next phase of the West Yorkshire Mass Transit Programme – an advanced, high-capacity public transport system to be integrated with cycling, walking and rail, to connect communities across the region.With a population of 2.3 million an ...

New equalization basins will regulate flows to advanced water purification facilityEnhances capability to reduce imported water use in drought-stressed region of Los AngelesDALLAS, Nov. 12, 2024 /PRNewswire/ -- Jacobs (NYSE: J) has been selected by LA Sanitation and Environment (LASAN) as the progressive design-build contractor for the Donald C. Tillman Advanced Water Equalization Basins, another critical part of the City of Los Angeles' long-term plans to increase recycled water production by 2035.The Dona ...

DALLAS, Oct. 29, 2024 /PRNewswire/ -- Jacobs (NYSE:J) plans to release its fiscal fourth quarter and full year 2024 earnings results before market open on Tuesday, Nov. 19, 2024, and will host a conference call at 10:00 a.m. ET, during which management will make a presentation focusing on the company's results and operating trends. Interested parties can listen to the conference call via a webcast and view accompanying slides at jacobs.com. About Jacobs At Jacobs, we're challenging today to reinvent tomorro ...

San Juan Lateral Water Treatment Plant secures sustainable, clean water for Navajo communitiesDALLAS, Oct. 22, 2024 /PRNewswire/ -- Jacobs (NYSE: J) was selected by the U.S. Bureau of Reclamation to design and build the San Juan Lateral Water Treatment Plant in northwest New Mexico. At a cost of $267 million, the plant is the largest and most important component of the Navajo-Gallup Water Supply Project. Prior to the project's initiation, more than 40 percent of the Navajo Nation households relied on haulin ...

Jacobs Solutions Inc. (J) has been selected by Aerostar Airport Holdings, LLC to provide architecture and engineering consulting services for the capital improvement program at Luis Muñoz Marín International Airport (SJU) in San Juan, Puerto Rico. As the busiest airport in Puerto Rico, handling more than 90% of the island's passengers, this contract positions Jacobs at the forefront of crucial infrastructure development. Supporting a Growing Transportation Hub With passenger traffic at SJU having grown by m ...

The joint venture (JV) between Jacobs Solutions Inc. (J) and Seymour Whyte has won a contract from Sydney Water, the statutory corporation owned by the government of New South Wales. Per the contract, the JV will offer Engineering, Procurement and Construction Management (EPCM) services for the Upper South Creek Networks (USCN) program in Western Sydney. J stock gained 2.1% during the trading hours on Wednesday after the contract win announcement. Details on Jacobs' New Award Win The USCN program is conside ...