Jacobs Solutions Inc. - J STOCK NEWS

Jacobs (NYSE:J) has been appointed as a design consultant for Northern Ireland Water's Major Project Partnership Framework, which aims to manage a $1.5 billion capital program for water and wastewater projects. This framework will cover vital upgrades, including the Belfast Wastewater Treatment Works, and will last for four years with an option for extension. Jacobs aims to enhance essential water and sanitation services for approximately 840,000 households in Northern Ireland, leveraging its extensive experience in similar projects across the U.K.

Jacobs (NYSE:J) will provide design services for the Eastern New Mexico Water Utility Authority's rural water supply system, which aims to supply renewable surface water to 55,000 residents and Cannon Air Force Base. Estimated to cost $940 million, the project will replace groundwater withdrawals from the declining Ogallala Aquifer. Funding from the Infrastructure Investment and Jobs Act amounts to $160 million this year, accelerating the design and construction phases over the next five to eight years. Digital tools will enhance project efficiency.

Jacobs Solutions Inc. will begin trading on August 29, 2022, marking a shift to a new holding company structure. This rebranding aligns with the company's identity as a global technology solutions leader. The transition is tax-free for shareholders, who will see no change in their share ownership. Existing stockholders will automatically own shares in Jacobs Solutions Inc. at a 1:1 ratio. This move will not have material operational or financial impacts, and the stock will continue trading under the existing symbol J on the NYSE.

Jacobs (NYSE: J) has partnered with the Nevada Department of Transportation (NDOT) to develop a comprehensive electric vehicle (EV) infrastructure deployment plan. This initiative will allow NDOT to access federal funding for enhancing Nevada's EV charging networks, promoting sustainable transportation. Utilizing advanced analytics from Jacobs' subsidiary, StreetLight, the plan aims for equitable distribution of resources, fulfilling Justice40 requirements. The project aligns with federal mandates for EV infrastructure plans due by August 1, 2022, ensuring Nevada’s eligibility for significant funding opportunities.

Jacobs Engineering Group reported robust Q3 2022 results, with revenue of $3.8 billion, a year-over-year increase of 7.0%, and net revenue growth of 11% in constant currency. The company's backlog rose to $28.1 billion, reflecting a 10% annual increase. EPS from continuing operations reached $1.52, compared to $0.82 in Q3 2021. Jacobs secured a $3.9 billion contract with NASA, highlighting strong recurring revenue visibility. The company anticipates adjusted EPS of $1.75 to $1.85 for Q4 2022.

Jacobs (NYSE:J) will announce its fiscal Q3 2022 earnings on August 1, 2022, before market open. The company will conduct a conference call at 8:00 a.m. ET to discuss financial results and operational trends. Jacobs generated $14 billion in revenue and employs approximately 55,000 individuals, offering a wide range of services in consulting, technical, scientific, and project delivery for both government and private sectors.

Jacobs has been selected by New South Wales Health Infrastructure as the lead architect for the redevelopment of St George Hospital in Sydney, Australia. The project is estimated at $282 million (AU $411 million) and aims to enhance care for a growing multicultural population. Scheduled for completion in 2025, the new Integrated Ambulatory Care Precinct will consolidate various health services, improving clinical integration. Jacobs has previously managed over $2.45 billion in healthcare projects, showcasing its capability in delivering innovative healthcare solutions.

Jacobs has partnered with Mitie to deliver the new Integrated Asset Care (IAC) framework for Sellafield Ltd, valued at $310 million (£250 million) over five years. This initiative replaces the existing Operation Site Works (OSW) framework, aiming to enhance safety and efficiency at the UK's most complex nuclear site. The scope includes diverse engineering services and project implementation. Jacobs emphasizes the continuity of its OneAIM team, credited for their previous success. This strategic win reflects Jacobs' commitment to improving project delivery in vital infrastructures.

The Board of Directors of Jacobs has declared a quarterly cash dividend of $0.23 per share of common stock, set to be paid on Aug. 26, 2022, to shareholders on record as of July 29, 2022. Jacobs, with $14 billion in revenue and approximately 55,000 employees, provides a wide array of professional services across various sectors, including government and private markets. This dividend reflects the company's commitment to returning income to its shareholders.