Jacobs Solutions (US:J)2025-05-06 11:28Financial Performance - GAAP gross revenue reached $2.9 billion, a 2.2% year-over-year increase, while adjusted net revenue was $2.1 billion, up 3.1% year-over-year[10] - GAAP net income was $11 million, a decrease of 87.9% year-over-year, but adjusted net income increased by 18.8% to $176 million[10] - Adjusted EBITDA increased by 8.1% year-over-year to $287 million, with an adjusted EBITDA margin of 13.4% on adjusted net revenue[10] - GAAP EPS was $0.10, down 86.3% year-over-year, while adjusted EPS increased by 22.2% to $1.43[10] Infrastructure and Advanced Facilities (I&AF) Segment - I&AF backlog increased to $21.768 billion[35] - I&AF operating profit was $203 million, a decrease of 0.4% year-over-year, with an operating profit margin of 11.1% of adjusted net revenue[23] - Water & Environmental adjusted net revenue was $542 million, a decrease of 1.7% year-over-year[18] - Critical Infrastructure adjusted net revenue was $907 million, an increase of 2.2% year-over-year[20] - Life Sciences & Advanced Manufacturing adjusted net revenue was $382 million, an increase of 5.8% year-over-year[18] Balance Sheet and Cash Flow - Net debt stood at $1.4 billion with a net debt to LTM adjusted EBITDA ratio of 1.26x[26] - The company repurchased $351 million in shares, a 268% year-over-year increase, and declared a quarterly dividend of $0.32 per share, up 10% year-over-year[24] Fiscal Year 2025 Outlook - The company reaffirmed its FY25 financial targets, including mid-to-high single-digit adjusted net revenue growth year-over-year[27] - The company expects free cash flow conversion to be greater than 100% of net income[28]