Jacobs' Board Approves $1.5 Billion Share Repurchase Authorization

Core Viewpoint - The Jacobs Board of Directors has approved a $1.5 billion share repurchase program, marking the largest in the company's history, reflecting confidence in its strategic direction and commitment to returning capital to shareholders [2][3]. Share Repurchase Program Details - The 2025 Share Repurchase Program authorizes the purchase of up to $1.5 billion of common stock over a three-year period, with purchases to be made at management's discretion until January 30, 2028 [1][3]. - The previous 2023 Share Repurchase Program authorized up to $1.0 billion, with $271 million remaining as of the end of the fiscal first quarter of 2025 [2]. Financial Position and Strategy - The share repurchase initiative reflects Jacobs' robust financial position and disciplined capital allocation strategy aimed at enhancing shareholder returns while investing in growth opportunities [2]. - Jacobs reported approximately $12 billion in annual revenue and employs nearly 45,000 people, providing end-to-end services across various sectors [5]. Upcoming Events - The company will host an investor day on February 18, 2025, in Miami, which will be webcast live on its investor relations site [4].