Jacobs Solutions Inc. - J STOCK NEWS

C5 Acquisition Corporation announces that starting February 28, 2022, holders of its IPO units can trade Class A common stock and public warrants separately. The stock will trade under the symbols "CXAC" for common shares and "CXAC WS" for warrants, with unchanged units trading as "CXAC.U". This follows the SEC's effective declaration of their registration statement on January 6, 2022. The company aims to focus on mergers in national security sectors including Space, Cybersecurity, and Energy Transition.

Jacobs has been appointed as the Subsurface Project Management Consultant by PT Geo Dipa Energi to expand the Dieng and Patuha geothermal power plants in Java, Indonesia. The project aims to double the output from 110 MW to 220 MW, supporting Indonesia's renewable energy transition. Jacobs will conduct a geoscientific study and provide expertise on geothermal resource utilization. This initiative, financed by the Asian Development Bank, promises job creation, reduced carbon emissions by 700,000 tons annually, and enhanced local energy access.

Mace and Jacobs have been appointed as the Program Management Consultant for the regeneration of The Ellinikon in Greece, one of Europe's largest urban redevelopment projects. This initiative will create a 2 million square meter Metropolitan Park and is expected to attract 1 million tourists annually. The project aims to generate approximately 10,000 construction jobs and 75,000 long-term jobs. The joint venture will leverage the firms' extensive experience from past iconic projects such as the London 2012 Olympics.

Jacobs (NYSE:J) is part of a consortium awarded a project by the Michigan Department of Transportation to implement the first inductive vehicle charging pilot in the U.S. The team, led by Electreon, will create a one-mile stretch of dynamic and stationary wireless EV charging technology in Detroit. This project aims to enhance the efficiency of electric vehicles and reduce CO2 emissions from the transportation sector, which is a top priority for Jacobs. With $14 billion in revenue and approximately 55,000 employees, Jacobs focuses on solutions to address climate change and urban mobility challenges.

Jacobs Engineering Group Inc. (NYSE: J) reported its Q1 2022 financial results, with revenue steady at $3.4 billion and net revenue rising 6.4% year-over-year to $2.9 billion. Backlog surged 12% to $28.0 billion. Cash flow from operations was strong at $322 million, supporting fiscal guidance for adjusted EBITDA of $1.37 billion to $1.45 billion and adjusted EPS of $6.85 to $7.45. The adjusted EPS from continuing operations increased to $1.56, up 11%, despite a 47% decline in GAAP EPS due to real estate footprint reduction charges. The company anticipates accelerating revenue growth and transformative expansions through strategic acquisitions.

On February 7, 2022, Jacobs announced the acquisition of StreetLight Data, Inc., enhancing its digital solutions portfolio and focus on ESG. StreetLight specializes in mobility analytics, employing machine learning to process location data for multimodal travel pattern analysis. This strategic acquisition is expected to boost Jacobs' software business, delivering recurring revenue and value for clients. Jacobs aims to address transportation complexities and societal challenges through enhanced data solutions, aligning with its commitment to sustainability.

Jacobs (NYSE:J) has secured a four-month feasibility study contract with RWE to explore the production and supply of green hydrogen at Pembroke Power Station in South Wales, U.K. The study aims to assess the installation of a 100MW electrolyzer, contributing to low-emission energy generation. This project aligns with Jacobs' commitment to environmental initiatives and their long-standing partnership with RWE, which began 20 years ago. The green hydrogen initiative could expand significantly and support decarbonization efforts in heavy industry in South Wales, potentially linking to offshore wind projects.

The Board of Directors of Jacobs (NYSE:J) has announced a quarterly cash dividend increase to $0.23 per share, marking a 10% rise from the previous $0.21. This dividend is set to be paid on March 25, 2022, to shareholders recorded by February 25, 2022. Jacobs reported $14 billion in revenue and employs around 55,000 professionals, providing a wide array of services across sectors.