Jacobs Solutions Inc. - J STOCK NEWS

Jacobs (NYSE: J) has been selected by Metro Vancouver to provide program management services for the Coquitlam Lake Water Supply Project in British Columbia, Canada. The project aims to expand capacity for accessing, treating, and distributing water from Coquitlam Lake, the region's largest drinking water source.

The infrastructure development includes a state-of-the-art intake facility, a 5.3-mile water supply tunnel, and a new treatment plant to serve 2.7 million residents. As program manager, Jacobs will oversee permitting, design, project controls, construction, and deliver technical services including a treatment pilot study.

The project focuses on increasing system resilience to climate change and meeting future water demand in the region.

Jacobs (NYSE: J) has secured an appointment from United Utilities, a major UK water company, to provide water network and water quality modeling services during the asset management period (AMP8) from 2025 to 2030. The initial agreement spans five years with potential extensions up to 11 years.

The framework will support United Utilities' largest water and wastewater infrastructure investment in North West England in a century, serving approximately seven million people across three million households and 200,000 business premises. Jacobs will leverage its 20+ years of regional experience and innovative modeling techniques to optimize asset management and operations.

This appointment builds on Jacobs' existing role in United Utilities' Strategic Solutions Team and as Construction Delivery Partner, where they provide engineering services, strategic studies, and business planning support.

Jacobs (NYSE: J) has been selected by Terra Solar Philippines to deliver engineering services for a major renewable energy project worth $3.3 billion. The project includes a 3,500-megawatt solar panel and 4,500-megawatt battery energy storage system, set to become one of the world's largest solar farms. Located 93 miles north of Manila across 11.5 square miles, the project is expected to supply approximately 12% of the Philippines' total energy demand. Jacobs will employ advanced digital construction management tools and drone technology while overseeing supply chain logistics and equipment delivery.

Jacobs (NYSE: J) and AECOM have been selected to design Metro Vancouver's program to upgrade the Iona Island Wastewater Treatment Plant. The project will transform the 60-year-old facility from primary to tertiary treatment, serving nearly one million people by 2051. The upgrade aims to enhance water quality in the Fraser River, improve climate resilience, and protect public health. The program includes ecological restoration at Iona Beach Regional Park and infrastructure improvements against sea level rise. Phase one of the upgrades is planned for completion by 2027, incorporating water reuse and renewable energy generation technologies.

Jacobs Solutions reported strong Q4 2024 results with revenue reaching $3.0 billion, up 4.4% year-over-year. The company completed the separation of its Critical Mission Solutions and Cyber & Intelligence businesses, now trading as Amentum (NYSE: AMTM). Q4 highlights include net income of $309 million (up 333.1% y/y), adjusted EBITDA of $289 million (up 12.5%), and EPS of $2.38 (up 277.8%). Backlog grew 22.5% to $21.8 billion. For FY2024, revenue was $11.5 billion (up 6.0%), with net income of $613 million (up 61.6%). The company provided FY2025 guidance expecting mid-to-high single-digit revenue growth and adjusted EPS of $5.80-$6.20.

McCarthy-Jacobs (NYSE:J) joint venture has been selected to design and build the Torrance Groundwater Desalter Expansion in Southern California. The $160 million project will increase the Robert W. Goldsworthy Desalter Facility's capacity to provide up to 9 million gallons of drinking water daily to serve 88,000 residents by 2027.

The facility will utilize reverse osmosis membrane technology and potentially pioneering nano filtration to treat brackish groundwater, eliminating dependence on imported water. The project scope includes constructing new groundwater extraction wells and raw water pipelines.

Jacobs (NYSE: J) and Mott MacDonald consortium has been appointed as Design Development Partner for the West Yorkshire Mass Transit Programme. The project aims to create an advanced public transport system integrated with cycling, walking, and rail in West Yorkshire, Europe's largest metropolitan area without an urban transit system. The region has 2.3 million residents and generates $95 billion in economic output. The consortium will develop the program's first phases, including Light Rapid Transit, with early construction planned for 2028. Phase one includes two lines serving Leeds and Bradford. The project represents one of the largest urban transit schemes in the U.K.

Jacobs (NYSE: J) has been selected by LA Sanitation and Environment as the progressive design-build contractor for the Donald C. Tillman Advanced Water Equalization Basins project. The project includes new basins capable of holding 9.5 million gallons of water to regulate flows to the Advanced Water Purification Facility (AWPF). This is part of Los Angeles' Groundwater Replenishment Project, aimed at increasing recycled water production by 2035. Jacobs is currently supporting design-build contracts valued at up to $740 million at the Donald C. Tillman site, which includes the AWPF, an educational center, electrical upgrades, and primary equalization tanks.

Jacobs (NYSE:J) has announced it will release its fiscal fourth quarter and full year 2024 earnings results before market open on Tuesday, November 19, 2024. The company will host a conference call at 10:00 a.m. ET on the same day, where management will discuss company results and operating trends. Investors can access the conference call and accompanying presentation slides through a webcast available on jacobs.com.