Jacobs' (J) C2V to Help United Utilities' Water Services

Group 1: Joint Venture and Capital Program - Jacobs Solutions, Inc. and VolkerStevin's joint venture, C2V, will serve as a Construction Delivery Partner for United Utilities' major capital investment program [1] - C2V will manage and provide design, build, and commissioning services for complex projects related to water and wastewater treatment, pumping stations, reservoirs, bioresources, and energy [1] - The estimated capital program is valued at $3.8 billion, scheduled from 2025 to 2030, with an option to extend for an additional five years [2] Group 2: Environmental Challenges and Project Support - The water sector is facing significant environmental challenges, and this framework enables United Utilities to advance its environmental performance and critical water services in North West England [3] - C2V has been supporting United Utilities for the past 10 years, focusing on safe and resilient water resources and improving river water quality [3] Group 3: Company Performance and Backlog Growth - Jacobs has demonstrated solid project execution, which has been crucial for its performance in recent quarters [4] - The company reported a backlog of $29.4 billion at the end of the fiscal second quarter, reflecting a 2% year-over-year increase, indicating strong demand for its consulting services [5] - The backlog for the People & Places Solutions segment was $17.93 billion, while the Critical Mission Solutions segment reported a backlog of $8.45 billion, both showing year-over-year growth [5] Group 4: Stock Performance and Earnings Estimates - Jacobs' shares have increased by 7.4% this year, compared to a 14.6% growth in the Zacks Technology Services industry [7] - Earnings per share (EPS) estimates for fiscal 2024 suggest a year-over-year growth of 10.8% [7]