Welcome to our dedicated page for Jacobs Solutions news (Ticker: J), a resource for investors and traders seeking the latest updates and insights on Jacobs Solutions stock.
Jacobs Solutions Inc. (NYSE: J) is a global leader in providing comprehensive engineering, design, procurement, construction, and maintenance services. With a workforce of approximately 60,000 employees, Jacobs Solutions operates across diverse sectors, including water, transportation, healthcare, technology, and chemicals. The firm also excels in delivering cutting-edge cyber engineering and security solutions to industrial, commercial, and government clients worldwide.
In fiscal 2023, Jacobs Solutions reported robust financial performance, generating $16.4 billion in revenue and $1.3 billion in adjusted operating income. The company's expertise extends to areas such as water treatment and desalination, where it consistently ranks at the top of Engineering News Record's list of design firms.
One of the company's recent significant achievements is its selection by Water Corporation in Western Australia to design, build, operate, and maintain the Alkimos Seawater Desalination Plant in Perth. This project, in alliance with ACCIONA and Water Corporation, aims to produce up to 26 billion gallons of drinking water annually, addressing water scarcity driven by climate change and population growth.
Jacobs Solutions is also heavily involved in other high-profile projects, including a collaboration with the UK Atomic Energy Authority on engineering design services for fusion energy research, and the development of a new nuclear power plant design for the UK's National Nuclear Laboratory. Moreover, the company is managing a large-scale wastewater treatment plant expansion in Hamilton, Ontario, and enhancing Omaha's wastewater collection network with its Aqua DNA digital solution.
In terms of strategic development, Jacobs is progressing towards the separation and merger of its Critical Mission Solutions and portions of its Divergent Solutions business with Amentum, expected to close in the second half of fiscal 2024. This move is aimed at optimizing the company’s focus and creating more shareholder value.
For the latest updates, news, and developments about Jacobs Solutions Inc., visit their official website or follow them on Facebook, Instagram, LinkedIn, and X.
Jacobs (NYSE:J) has been selected by Tokyo Electric Power Company (TEPCO) to assist in the decommissioning of the Fukushima Daiichi nuclear power plant, under a five-year framework agreement. This collaboration aims to address challenges stemming from the 2011 nuclear disaster, focusing on water treatment, fuel retrieval, and site improvements. Jacobs will leverage its extensive experience from U.S. and U.K. nuclear sites and work closely with TEPCO to enhance its in-house capabilities. The agreement reinforces Jacobs' commitment to advancing cleanup efforts at one of the world's most complex nuclear sites.
Jacobs (NYSE:J) has secured a five-year contract renewal with Atlanta Airlines Terminal Company for facility maintenance at Hartsfield-Jackson Atlanta International Airport, valued at over $60 million. This agreement builds on an existing partnership, emphasizing efficiency through innovative tech and delivery models. Jacobs will utilize the ion© platform for improved data visibility and forecasting. With over 135 staff assigned, operational efficiency and stakeholder experience are expected to enhance significantly. Jacobs has delivered services at the airport for over a decade, achieving notable ISO certifications.
Jacobs (NYSE:J) and Morrison Energy Services have secured three contracts with National Grid for substations in Pembroke, Lackenby, and Bramley. The projects will enhance energy infrastructure under a six-year framework aimed at transitioning to sustainable energy in the U.K. Key initiatives include connecting Pembroke to the Greenlink interconnector and integrating the Dogger Bank C windfarm into the grid, facilitating 1.2GW of clean energy. The collaboration emphasizes Jacobs' and Morrison's commitment to supporting the U.K.'s renewable energy goals.
Jacobs has secured the ATOM-5 contract from NASA Ames Research Center, extending its 23-year collaboration. This $220 million, five-year contract, starting June 2, 2022, focuses on aerospace testing, facility operations, and IT support. Jacobs aims to enhance aeronautics and space technology, supporting NASA's Exploration Systems Development and the Space Launch System. With over 60 years in partnership with NASA, Jacobs' expertise in aerospace capabilities positions it for continued innovation in the sector.
Jacobs Engineering Group (NYSE: J) reported Q2 2022 financial results with revenue of $3.8 billion, up 8.1% year-over-year, and net revenue increasing 10.1%. Backlog rose by 8.7% to $27.8 billion. EPS from continuing operations stood at $0.68, while adjusted EPS was $1.72, a 4% increase. The company confirmed its full-year adjusted EBITDA forecast at $1,385 million to $1,435 million and adjusted EPS at $6.95 to $7.35.
This performance is driven by strong demand across sectors, with a focus on Climate Response and Data Solutions.
The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend of $0.23 per share, payable on June 24, 2022, for shareholders of record as of May 27, 2022. Jacobs reported $14 billion in revenue and employs approximately 55,000 people, providing a range of professional services to both government and private sectors. This dividend reflects Jacobs' commitment to returning value to shareholders while maintaining a strong financial position.
Jacobs (NYSE: J) is set to announce its fiscal second quarter 2022 earnings results on May 3, 2022, before market opening. A conference call will follow at 10:00 a.m. ET, providing insights into the company's performance and operational trends. Jacobs, with a revenue of $14 billion and around 55,000 employees, offers a wide range of services in consulting, technical, scientific, and project delivery for governmental and private sectors. Interested investors can access the call via a webcast on the Jacobs website.
Jacobs (NYSE:J) has been chosen by PUB, Singapore's National Water Agency, to design and oversee the Changi NEWater Factory 3 (CNF3), a state-of-the-art water reclamation plant set to enhance Singapore's water security. CNF3 will feature innovative Membrane Bioreactor (MBR) technology and ROTEC's reverse osmosis flow reversal (FR-RO) technology, boosting NEWater recovery rates from 75% to 90%. The plant's construction is slated for 2022 completion, further solidifying Jacobs' commitment to sustainable water solutions. This aligns with Jacobs' previous projects, including the Changi WRP Phase 1.
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