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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 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.
Jacobs (NYSE:J) has been selected, along with General Electric and Westinghouse, for the preliminary phase of life extension work at the Sizewell B nuclear power station in the U.K. This initiative is part of a Long-Term Operation program aimed at extending the plant's lifespan by 20 years to 2055.
The first phase, estimated at $14 million, focuses on scoping and cost-benefit analysis to support a final investment decision by 2024. Sizewell B is a key asset in the U.K.'s energy infrastructure, contributing to significant zero carbon electricity generation.
Jacobs (NYSE:J) has been appointed by Singapore's PUB, the National Water Agency, to develop new greasy waste and food waste treatment facilities at the Changi Water Reclamation Plant. These facilities aim to enhance Singapore's waste treatment capabilities by co-digesting various waste types, thus maximizing biogas yield for electricity generation and reducing carbon emissions. The project is expected to double the greasy waste treatment capacity by 2025, with the GWTF treating 12,000 cubic meters of waste monthly. This initiative is part of Jacobs' commitment to sustainable engineering solutions.
Electreon, a leader in wireless EV charging, reported a significant breakthrough year in 2021, expanding its commercial projects in the US, Europe, and Israel. The company achieved a cash balance of 124 million ILS ($39 million) and increased its staff by 130%. Electreon secured its largest wireless EV charging contract with the Dan Bus Company in Israel, introducing its Charging-as-a-Service model. The company focused heavily on R&D, investing 14 million ILS ($4.4 million) to prepare for upcoming projects, amidst a growing demand for Electric Road Systems (ERS).
Jacobs (NYSE:J) has entered a three-year agreement with Intelinair to enhance agricultural technology. This partnership, effective from 2022 to 2024, aims to integrate Jacobs' advanced aerial imagery and multispectral sensor systems with Intelinair's AI-driven AGMRI platform. The collaboration will provide comprehensive crop insights, supporting sustainability efforts and market expansion. Jacobs has doubled its service capacity since 2021, further emphasizing its commitment to digital solutions in agriculture. Financial specifics of the agreement remain undisclosed.
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