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 Engineering Group reported Q4 2021 revenue of $3.6 billion, a 1.9% year-over-year increase. However, net earnings fell 36% to $45 million, with EPS from continuing operations at $0.34. Adjusted EPS decreased 3% to $1.58. For the fiscal year, revenue rose 3.9% to $14.1 billion, with net earnings up 32% to $467 million and EPS at $3.12. Backlog increased by $2.8 billion to $26.6 billion. The company anticipates FY 2022 adjusted EBITDA between $1.37 billion and $1.45 billion, and adjusted EPS between $6.85 and $7.45.
Jacobs (NYSE:J) has formed a minority investment agreement and strategic relationship with Microgrid Labs Inc, a Colorado-based company specializing in commercial fleet electrification. This partnership aims to enhance Jacobs' offerings in vehicle electrification, aligning with their sustainability goals. Microgrid Labs' EVOPT platform offers solutions for optimizing electric vehicle fleets and infrastructure. The electric vehicle market is projected to reach $140 billion by 2027, emphasizing the importance of this investment.
Jacobs, listed under ticker J, has secured a third consecutive architecture and engineering support services contract with the U.S. Department of State's Bureau of Overseas Buildings Operations. This Indefinite Delivery/Indefinite Quantity (IDIQ) contract is valued at up to $250 million over five years, reinforcing Jacobs' long-standing partnership with the OBO. With over 35 years of experience, Jacobs aims to improve processes, conduct facility surveys, and provide project-specific support, leveraging their global presence and expertise.
Jacobs (NYSE:J) has secured two contracts to aid the Czech nuclear sector in radioactive waste management. The national utility, ČEZ, has chosen Jacobs' SIAL® geopolymer technology to solidify 250 metric tons of radioactive sludge at the Dukovany Nuclear Power Plant, with a five-year completion timeline. Additionally, Jacobs is appointed to provide safety assessments for a planned deep geological repository by SÚRAO, following a government shortlist for site selection by 2030. These contracts enhance Jacobs’ standing in global waste management, contributing to safer environmental practices.
Jacobs (NYSE:J) has elected Priya Abani, CEO of AliveCor, to its Board of Directors as of Nov 10, 2021. With over 20 years of experience in technology and business innovation, Abani has a proven track record in enhancing customer experience and accelerating revenue growth. Steve Demetriou, Jacobs' CEO, stated that Abani's expertise aligns with the company's focus on climate response and data-driven solutions. The Jacobs Board, now comprising 12 members, emphasizes diversity, with 58% being female and ethnically diverse, aiming to address critical global challenges.
Jacobs (NYSE:J) has made a strategic investment in HawkEye 360, a leader in radio frequency geoanalytics, strengthening its digital intelligence capabilities. This collaboration involves enhancing Jacobs' technology suite with HawkEye 360's RF spectrum analytics. The investment signifies Jacobs' commitment to national security and infrastructure solutions. HawkEye 360's RF satellite technology provides critical data for geospatial intelligence. Recent achievements include a $302 million contract with the National Geospatial-Intelligence Agency.
Jacobs (NYSE:J) has secured a $300 million architectural and engineering services contract with NASA under the Southeast Region Architect and Engineering (SERAE) program. This five-year, indefinite delivery/indefinite quantity (IDIQ) contract involves a range of services across multiple NASA sites, including the Kennedy Space Center and Johnson Space Center. Jacobs aims to leverage its extensive experience and long-standing relationship with NASA to deliver innovative solutions. The company recorded $14 billion in revenue and employs about 55,000 professionals, affirming its position as a leader in aerospace services.
Jacobs (NYSE:J) has announced its definitive agreement to acquire BlackLynx, specializing in high-performance software solutions. The acquisition, which aims to enhance Jacobs' cyber and digital solutions portfolio, will enable deeper capabilities in edge computing and real-time insights for national security. With this acquisition, Jacobs will strengthen its presence across 14 of the 18 U.S. Intelligence Community agencies, aligning BlackLynx’s technology with Jacobs' Cyber & Intelligence business unit. The financial details of the agreement were not disclosed.
Jacobs (NYSE:J) is set to release its fiscal fourth quarter and full year 2021 earnings results on November 23, 2021, before market opening. A conference call will follow at 10:00 a.m. ET, where management will discuss the results and operational trends. With an annual revenue of $14 billion and a workforce of approximately 55,000, Jacobs provides comprehensive professional services across various sectors. Interested parties can access the call through a webcast on the Jacobs website.
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