Jacobs Solutions Posts Strong Earnings and Record Backlog

Core Insights - Jacobs Solutions Inc. reported stronger-than-expected fiscal fourth-quarter earnings with adjusted EPS of $1.75, exceeding the analyst forecast of $1.67 [1] - The company generated revenue of $3.2 billion for the quarter, surpassing consensus expectations of $3.15 billion, marking a 6.6% year-over-year increase [1] - Jacobs' backlog reached a record $23.1 billion, up 5.6% from the prior year, supported by a book-to-bill ratio of 1.1x [2] Financial Performance - Adjusted net revenue rose 5.8% to $2.2 billion [1] - Adjusted EPS increased 27.7% year over year, while adjusted EBITDA rose 12% to $324 million [2] - GAAP earnings were impacted by mark-to-market adjustments related to the company's former holdings in Amentum [2] Future Projections - For fiscal 2026, Jacobs projected adjusted EPS between $6.90 and $7.30, representing 16% growth at the midpoint compared to fiscal 2025 [3] - The midpoint of $7.10 was slightly above the analyst consensus of $7.01 [3] - The company anticipates adjusted net revenue growth of 6% to 10% for the year [3]