Project reduces congestion and increases sustainable transit options for residents and tourists in Washington, D.C. DALLAS, Aug. 20, 2024 /PRNewswire/ -- As a result of superior performance, Jacobs (NYSE:J) was awarded an extension as program management consultant for the District Department of Transportation (DDOT) DC Streetcar. Launched five years ago to expand transit service in the nation's capital, the electric fleet of streetcars connects communities and provides an environmentally friendly transit op ...

Vancouver, British Columbia--(Newsfile Corp. - August 12, 2024) - Lotus Ventures Inc. (CSE: J) ("Lotus" or the "Company") wishes to provide an update on the transaction previously announced on May 17, 2024 (the "Transaction"). On July 29, 2024, the Company obtained a partial revocation order issued by the British Columbia Securities Commission (the "Partial Revocation Order") relating to the cease trade order issued to the Company on April 4, 2024 for failure to file certain outstanding continuous disclosur ...

Financial Data and Key Metrics Changes - Consolidated backlog increased by 6% year-over-year, indicating confidence in profitable growth as the company shifts its portfolio to higher value solutions [8][16] - Adjusted EBITDA for Q3 was $392 million, an increase of approximately 11% year-over-year, representing an adjusted EBITDA margin of 11.5% [8][17] - GAAP operating profit was $260 million for the quarter, with adjusted EPS at $1.96, marking an 11% increase compared to the previous year [17][24] Business Line Data and Key Metrics Changes - People & Places Solutions (P&PS) reported a 5% year-over-year increase in adjusted net revenue, with adjusted operating profit up 12% and an adjusted operating margin of 15.3% [9][18] - Critical Mission Solutions (CMS) experienced a 3% year-over-year revenue decrease, while backlog increased by 4% [19] - Divergent Solutions saw an 11% year-over-year dip in adjusted net revenue and a 40% decrease in adjusted operating profit due to government rate adjustments and program delays [19] Market Data and Key Metrics Changes - The company noted strong demand in critical infrastructure, particularly in water, environmental, and advanced facilities markets, which are expected to grow substantially [7][10] - The water sector's pipeline has nearly doubled compared to the previous year, with a high win rate in securing projects [42] Company Strategy and Development Direction - The company is focused on a strategic shift towards a simpler, higher value, and higher margin portfolio, with confidence in driving margin expansion [6] - The planned spin-off of the Critical Mission Solutions and Cyber & Intelligence businesses is expected to be completed in the second half of September 2024, positioning the company for higher growth and margins [6][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing demand for science-based, digitally-enabled solutions and the ability to capitalize on momentum in critical infrastructure markets [26] - The company anticipates a strong Q4 performance leading into fiscal year 2025, supported by a robust backlog and pipeline [27][34] Other Important Information - The company generated strong operating cash flow of $483 million and free cash flow of $445 million in Q3, with expectations of exceeding 100% free cash flow conversion for fiscal year 2024 [8][21] - The company has $528 million remaining under its current share repurchase authorization, reflecting a commitment to returning capital to shareholders [22] Q&A Session Summary Question: Improvement in gross margins in P&PS backlog - Management noted that gross profit and backlog are positively affected by a shift towards higher-end science-based consulting and advisory services, particularly in water and advanced facilities [27] Question: Guidance towards the lower end of annual EBITDA range - Management indicated that weaker performance in certain segments, such as CMS and delays in Divergent Solutions, contributed to the guidance adjustment [30] Question: Visibility towards core infrastructure growth in 2025 - Management expressed confidence in strong visibility for growth in water and advanced facilities, with positive tailwinds expected from recent developments in the UK and Saudi Arabia [33][40] Question: Top line growth rate of P&PS business - Management confirmed that strong bookings and backlog performance provide confidence for solid growth projections entering 2025 [67]

Jacobs Solutions Inc. (J) reported mixed results for third-quarter fiscal 2024 (ended Jun 28, 2024). Earnings surpassed the Zacks Consensus Estimate, but revenues lagged the same. Nonetheless, both earnings and revenues increased on a year-over-year basis. The quarterly performance is mainly driven by portfolio optimization, focusing on high-growth sectors that emphasize sustainability and infrastructure resilience. This reflects the company's broad-based strength in global infrastructure and sustainability ...

For the quarter ended June 2024, Jacobs Solutions (J) reported revenue of $4.23 billion, up 1.1% over the same period last year. EPS came in at $1.96, compared to $1.82 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $4.38 billion, representing a surprise of -3.45%. The company delivered an EPS surprise of +0.51%, with the consensus EPS estimate being $1.95. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Jacobs Solutions (J) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $1.82 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 0.51%. A quarter ago, it was expected that this construction and technical services company would post earnings of $1.84 per share when it actually produced earnings of $1.91, delivering a surprise of 3.80%. Over the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 28, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|------------------------------------------------------ ...

Reports Strong Consolidated Q3 Margins People & Places Solutions (P&PS) Record Backlog1 Grows by Double Digits with Book-to-Bill Ratio 1.53x Delivered Strong P&PS and PA Consulting Operating Margin Performance Robust Cash Flow Performance; Executed $151M of Share Buybacks During Quarter DALLAS, Aug. 6, 2024 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal third quarter ended June 28, 2024. Q3 2024 Highlights: Cash flow from operations of $483 million; expe ...

Exhibit 99.1 Challenging today. Reinventing tomorrow. 1999 Bryan Street, Suite 3500 Dallas, Texas 75201 1.214.583.8500 Press Release FOR IMMEDIATE RELEASE August 6, 2024 Jacobs Reports Fiscal Third Quarter 2024 Earnings Reports Strong Consolidated Q3 Margins 1 People & Places Solutions (P&PS) Record Backlog Grows by Double Digits with Book-to-Bill Ratio 1.53x Delivered Strong P&PS and PA Consulting Operating Margin Performance Robust Cash Flow Performance; Executed $151M of Share Buybacks During Quarter DAL ...

Project will accelerate state and national clean hydrogen economy Supports energy transition efforts for entire value chain DALLAS, Aug. 1, 2024 /PRNewswire/ -- Jacobs (NYSE:J) was selected as Program Manager for the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES), a public private partnership (P3) establishing a statewide clean hydrogen hub (H2) in California, one of seven national hubs announced by the White House and recently granted funding by the U.S. Department of Energy Office of Clean ...