Jacobs Engr Group Inc - J STOCK NEWS

Jacobs (NYSE: J) has been selected as Program Manager and Owners Engineer for Xcel Energy to support the delivery of a multi-billion-dollar program of projects across eight Western and Midwestern states. The partnership will focus on implementing Xcel Energy's $45 billion investment plan announced in October 2024, aimed at making their grid cleaner, stronger, and more efficient.

Jacobs will establish a Central Program Office and Major Projects Group, executing a portfolio of projects, developing project selection recommendations, and standardizing delivery standards for transmission, distribution, and generation projects. The program builds on Jacobs' existing relationship with Xcel Energy and leverages their experience across the U.S., U.K., and Asia-Pacific.

This selection adds to Jacobs' recent program management wins, including the California hydrogen hub ARCHES project and MTerra Solar in the Philippines. Notably, Jacobs was ranked No.1 for the fourth consecutive year in Engineering News-Record's global Top 50 Program Management Firms.

Jacobs (NYSE: J) has been selected by the City of Boynton Beach, South Florida, to design upgrades for two water treatment plants aimed at removing PFAS from groundwater supplies. The facilities, with a combined capacity of 30 million gallons per day, serve over 112,000 people and require modernization to comply with new federal drinking water regulations.

The project scope includes evaluating existing facilities, developing a comprehensive facilities plan, designing improvements, and providing construction management services. The city has secured funding through Florida's Drinking Water State Revolving Fund Program. Jacobs, with approximately $12 billion in annual revenue and nearly 45,000 employees, brings extensive experience in PFAS treatment, having delivered solutions for various clients including the Cities of Woodbury and North Bay, and defense departments of the US and Australia.

Jacobs Solutions (NYSE: J) reported fiscal Q1 2025 results with gross revenue growing 4.4% year-over-year to $2.9 billion and adjusted net revenue up 5.1%. The company recorded a GAAP net loss of $17.1 million, primarily due to $145 million in mark-to-market losses on AMTM investment. Infrastructure & Advanced Facilities segment showed strong performance with 4.9% revenue growth.

Notable highlights include an 18.9% increase in backlog to $21.8 billion and a trailing twelve-month book-to-bill ratio of 1.3x. The company repurchased $202 million of shares during Q1 and authorized a new $1.5 billion share repurchase program. The quarterly dividend was increased by 10% to $0.32 per share.

Jacobs raised its FY2025 adjusted EPS guidance range from $5.80-$6.20 to $5.85-$6.20, while maintaining expectations for mid-to-high single-digit adjusted net revenue growth and adjusted EBITDA margin of 13.8-14.0%.

Jacobs (NYSE: J) has announced its largest-ever share repurchase program, with the Board approving a $1.5 billion authorization over three years. This 2025 Share Repurchase Program follows the company's 2023 program, which still has $271 million in remaining authorization. The new program will begin after the full utilization of the 2023 program and will run until January 30, 2028.

The company, generating approximately $12 billion in annual revenue with a workforce of nearly 45,000, maintains flexibility in executing purchases through various methods, including open market and privately negotiated transactions. Chair and CEO Bob Pragada emphasized that this initiative reflects the company's strong financial position and commitment to disciplined capital allocation while continuing to invest in growth opportunities.

Jacobs (NYSE: J) has been selected as Technical Services Integration Delivery Partner for the Transpennine Route Upgrade (TRU), a major railway improvement program in the UK. The eight-year framework positions Jacobs as the sole provider of technical system integration services for the 70-mile route connecting York to Manchester.

The company's scope includes technical system integration, scope custodianship, cross-project integration, technical change control, development engineering and design, and program business case production. Jacobs has already contributed to the project through asset management services, performance modeling, and digital twin development.

The TRU social impact program has shown significant results between April 2019 and October 2024, including 320 apprenticeships, engagement of 54,000+ young people in STEAM, over 19,900 days of work experience, and substantial local economic impact with $693 million spent with local businesses and $353 million with SMEs.

Jacobs (NYSE:J) has announced a 10% increase in its quarterly cash dividend. The Board of Directors has declared a dividend of $0.32 per share of common stock, up from the previous quarterly dividend of $0.29. The dividend will be paid on March 21, 2025, to shareholders of record as of the close of business on February 21, 2025.

Jacobs (NYSE:J) has secured a 10-year contract to operate and maintain Jackson, Mississippi's water treatment system through JXN Water. The contract extends their previous short-term O&M agreement that has been serving nearly 180,000 residents. The scope includes managing the O.B. Curtis and J.H. Fewell water treatment plants, groundwater well system, booster stations, and water storage tanks.

Since early 2023, Jacobs has been implementing repairs, upgrades, and process adjustments while supporting capital projects to stabilize the water system. The new contract will focus on comprehensive operation of water treatment facilities, ensuring regulatory compliance, and overseeing JXN Water's capital improvement plan. The company will also work on developing a dedicated workforce to maintain service standards.

Jacobs (NYSE: J) has secured a five-year, $80 million single-award contract from the Naval Facilities Engineering Systems Command (NAVFAC) Atlantic for environmental compliance engineering support. The contract extends Jacobs' ongoing work with the U.S. Navy's multimedia environmental compliance program, covering operations in the eastern U.S., Europe, Africa, and the Middle East.

The scope includes services for petroleum storage tank compliance, oil spill preparedness, air quality compliance, Safe Drinking Water Act and Clean Water Act compliance, and material and waste management. This renewal builds on Jacobs' 40+ years of support to NAVFAC. The company holds top rankings in relevant Engineering News Record categories, including #1 in Sanitary & Storm Sewers and Wastewater Treatment, and #2 in Chemical & Soil Remediation.

Jacobs (NYSE: J) has secured a significant contract with the U.S. Army Corps of Engineers (USACE) Japan District to provide architecture and engineering services for U.S. Department of Defense installations. The contract, valued at $249 million, spans a seven-year period including a five-year base and a two-year option.

The scope encompasses military construction, sustainment, restoration, and modernization services, covering mission operations, accommodation, lifestyle facilities, education sites, and telecommunications. Jacobs will leverage its design-build capabilities to support critical infrastructure across military bases.

The company currently maintains active contracts with U.S. DoD installations across South Korea, Japan, Guam, Europe, and the Middle East, including design services at major Japanese bases like Kadena AB, Yokota Air Base, and Misawa AB, serving all military branches.