Jacobs Solutions (US:J)2025-11-20 11:44Financial Performance - Gross revenue for Q4 2025 was $3.2 billion, up 6.6% year-over-year; adjusted net revenue was $2.2 billion, up 5.8% year-over-year[10]. - Fiscal year 2025 gross revenue reached $12.0 billion, an increase of 4.6% year-over-year; adjusted net revenue was $8.7 billion, up 5.3% year-over-year[10]. - Adjusted EPS for Q4 2025 was $1.75, a 27.7% increase year-over-year; GAAP EPS decreased to $1.05, down 55.9% year-over-year[10]. - Revenues for the three months ended September 26, 2025, increased to $3,154,644, up 6.6% from $2,960,150 for the same period in 2024[17]. - Gross profit for the three months ended September 26, 2025, was $766,912, representing a 4.3% increase from $735,121 in the prior year[17]. - Operating profit for the three months ended September 26, 2025, rose to $211,554, compared to $196,205 for the same period in 2024, marking an increase of 7.0%[17]. - Adjusted net revenue for the three months ended September 26, 2025, was $2,242,246, up from $2,118,930 in the same period of 2024, reflecting a growth of 5.8%[18]. - For the year ended September 26, 2025, total revenues reached $12,029,783, an increase from $11,500,941 in the previous year[17]. - Adjusted EBITDA for Q4 2025 was $324 million, reflecting a 12.0% year-over-year increase[10]. - Adjusted EBITDA for the year ended September 26, 2025, was $1,206,543 thousand, up from $1,059,269 thousand in 2024, reflecting a growth of 13.9%[57]. Shareholder Returns - The company returned a record $1.1 billion to shareholders through repurchases and dividends in fiscal 2025[4]. - Free Cash Flow for the three months ended September 26, 2025, was $353,508 thousand, compared to $158,190 thousand for the same period in 2024, indicating a significant increase of 123.5%[59]. - Adjusted Diluted Net Earnings from Continuing Operations Per Share for the year ended September 26, 2025, was $6.12, compared to $5.28 in 2024, reflecting an increase of 15.9%[49]. Backlog and Growth - The backlog reached a record $23.1 billion, representing a 5.6% year-over-year increase; the Q4 book-to-bill ratio was 1.1x[10]. - Total backlog increased to $23,064 million in September 2025 from $21,850 million in September 2024, reflecting a growth of approximately 5.5%[28]. - Jacobs expects to maintain strong growth in key sectors such as Life Sciences, Data Center, Water, Energy & Power, and Transportation in fiscal 2026 and beyond[7]. Expenses and Charges - The company incurred $11.7 million in restructuring and other charges related to the Separation Transaction during the three months ended September 26, 2025[19]. - The company incurred restructuring, transaction, and other charges totaling $13,659 thousand for the three months ended September 26, 2025, compared to $7,234 thousand for the same period in 2024[40]. - The company incurred $9,823 thousand in restructuring, integration, separation, and other charges for the three months ended September 26, 2025, compared to $22,077 thousand in the same period in 2024[46]. Earnings and Taxation - The effective tax rate for GAAP net earnings from continuing operations was 39.7% in fiscal 2025, up from 16.9% in fiscal 2024[11]. - Adjusted earnings from continuing operations before taxes for the three months ended September 26, 2025, were $189,404 thousand, compared to $393,606 thousand for the same period in 2024, reflecting a decrease of 52%[40]. - Adjusted income tax expense from continuing operations for the year ended September 26, 2025, was $(268,885) thousand, compared to $(176,821) thousand for the year ended September 27, 2024[43]. - The adjusted effective tax rate from continuing operations for the three months ended September 26, 2025, was 22.7%, compared to 27.5% for the same period in 2024[43]. Cash Flow and Assets - Net cash provided by operating activities increased to $383,085 thousand for the three months ended September 26, 2025, compared to $196,532 thousand for the same period in 2024, representing a growth of 95%[27]. - Net cash provided by operating activities for the year ended September 26, 2025, was $686,704 thousand, down from $1,054,673 thousand in 2024, a decrease of 34.8%[59]. - The company reported a net cash used for investing activities of $28,900 thousand for the three months ended September 26, 2025, compared to $32,236 thousand for the same period in 2024, indicating a decrease of about 10.4%[27]. - The company experienced a net cash used for financing activities of $399,052 thousand for the three months ended September 26, 2025, compared to $259,070 thousand for the same period in 2024, an increase of about 54%[27]. - Total current assets decreased to $4,359,319 thousand in September 2025 from $4,895,580 thousand in September 2024, a decline of approximately 11%[26]. - The company’s total stockholders' equity decreased to $3,640,807 thousand in September 2025 from $4,549,467 thousand in September 2024, a decline of approximately 20%[26]. - Long-term debt rose significantly to $2,236,456 thousand in September 2025 from $1,348,594 thousand in September 2024, an increase of about 65.8%[26]. Earnings Per Share - Basic earnings per share for the three months ended September 26, 2025, were $0.93, down from $2.52 in the same period of 2024[17]. - Diluted Net Earnings from Continuing Operations Per Share for the three months ended September 26, 2025, was $1.05, down from $2.38 in the same period of 2024, a decrease of 55.8%[49]. - Basic net earnings from continuing operations per share for the three months ended September 26, 2025, were $1.06, down from $2.39 in the same period of 2024, a decline of 55.7%[61]. - Net earnings allocated to common stock for EPS calculation for the year ended September 26, 2025, were $290,248 thousand, down from $795,819 thousand in 2024, a decline of 63.5%[61]. - Basic earnings per share for the year ended September 26, 2025, were $2.39, compared to $6.35 in 2024, a decrease of 62.4%[61].