Jacobs Solutions (US:J) ZACKS·2024-11-19 17:40Core Insights - Jacobs Solutions Inc. reported mixed results for Q4 fiscal 2024, with earnings exceeding estimates while revenues fell short, although both metrics showed year-over-year growth [1][4] - The company's shares rose by 1.3% in pre-market trading following the earnings announcement [1] Financial Performance - Adjusted EPS for Q4 was $1.37, beating the consensus estimate of $1.36 by 0.7%, and up 28% from $1.07 a year ago [4] - Total revenues reached $2.96 billion, missing the consensus mark of $2.99 billion by 1.1%, but grew 4.4% year-over-year [4] - Adjusted operating profit increased by 9.4% to $280 million, with an adjusted operating margin of 13.2%, up 73 basis points from the previous year [5] - Adjusted EBITDA was $289 million, reflecting a 12.5% year-over-year increase, with a margin of 13.6% [5] Segment Performance - The Infrastructure & Advanced Facilities segment generated revenues of $2.67 billion, a 4.9% increase year-over-year, with adjusted operating profit growing 12.4% to $219 million [6] - The backlog for this segment was $21.47 billion, up from $17.53 billion a year ago, driven by strong project wins [7] - PA Consulting reported revenues of $289.4 million, a slight increase of 0.5% year-over-year, with an adjusted operating profit of $62 million [8] Fiscal Year Highlights - For fiscal 2024, GAAP revenue was $11.5 billion, up 6% from the previous year, while adjusted net revenue reached $8.3 billion, a 5.1% increase [9] - Adjusted EPS for the fiscal year was $5.28, reflecting a 15.8% year-over-year growth [9] - Free cash flow for fiscal 2024 was $933.6 million, up from $837.3 million a year ago [10] Future Guidance - For fiscal 2025, adjusted net revenue is expected to grow at mid-to-high single digits year-over-year, with adjusted EBITDA margins projected between 13.8% and 14.0% [11][12] - Adjusted EPS is anticipated to be between $5.80 and $6.20, indicating a year-over-year growth of 10%-17% [12]