Jacobs Announces Multi-Year Growth Strategy at 2025 Investor Day

Core Viewpoint - Jacobs is positioning itself to capitalize on investment megatrends and high-growth markets, targeting a 6-8% organic adjusted net revenue growth from FY25-29 and aiming for a 16%+ adjusted EBITDA margin with a 10%+ free cash flow margin by FY29 [1][2]. Financial Targets - The company has set the following financial targets for FY25-29: - Adjusted Net Revenue (Organic): +6% to 8% CAGR - Adjusted EBITDA Margin: +50 to 80 basis points per year - Adjusted EBITDA: +10% to 14% CAGR - Free Cash Flow: 10%+ FCF margin by FY29 [4]. Market Opportunities - Jacobs identifies significant serviceable addressable markets (SAM) in various sectors: - Water and Environmental: Estimated $220 billion SAM, focusing on water scarcity, wastewater challenges, and digital solutions - Life Sciences and Advanced Manufacturing: Estimated$120 billion SAM, driven by drug launches and semiconductor demand - Critical Infrastructure: Estimated $390 billion SAM, with opportunities in energy, transportation, and digital integration [6]. Growth Strategy - The company's strategy, "Challenge Accepted," aims to transform Jacobs into a more focused business that can drive profitable growth and deliver market-leading solutions in infrastructure, water, life sciences, and advanced manufacturing [1][2]. Financial Outlook - Jacobs anticipates mid-to-high single-digit growth in adjusted net revenue for fiscal 2025 compared to fiscal 2024, with an adjusted EBITDA margin of 13.8-14.0% and free cash flow conversion exceeding 100% of net income [3].