Core Insights - Jacobs Solutions Inc. has successfully completed the separation of its Critical Mission Solutions and Cyber & Intelligence businesses, merging them with Amentum, which is now publicly traded under the ticker AMTM [1][4] - The company reported a significant increase in backlog, which grew by 23% year-over-year, with a trailing twelve-month (TTM) book-to-bill ratio of 1.35x [1][2] - Fiscal Year 2025 guidance indicates expectations for mid-to-high single-digit growth in adjusted net revenue, an adjusted EBITDA margin of 13.8-14.0%, and adjusted EPS ranging from 6.20 [3][4] Financial Performance - For Q4 2024, Jacobs reported revenue of 309 million, up 333.1% year-over-year [2][7] - Adjusted EBITDA for Q4 2024 was 1.37, up 28.0% year-over-year [2][7] - For the full fiscal year 2024, Jacobs achieved revenue of 613 million, up 61.6% year-over-year [2][9] Strategic Outlook - The company anticipates strong demand in key markets such as Water and Environmental, Critical Infrastructure, and Life Sciences and Advanced Manufacturing, positioning itself for profitable growth in FY25 and beyond [1][2] - Jacobs' balance sheet remains robust post-separation, allowing for continued investment in organic growth, share repurchases, and dividend increases [2][4] - The company returned $545 million to shareholders in FY24 through dividends and share repurchases, demonstrating a commitment to returning free cash flow to investors [2][4]
Jacobs Reports Strong Fiscal Fourth Quarter and Fiscal Year 2024 Earnings