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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 released its fiscal Q1 2021 results, reporting revenue of $3.4 billion, unchanged year-over-year. Net earnings from continuing operations rose to $257 million with a GAAP EPS of $1.96, up 47% year-over-year. Adjusted EPS increased to $1.41, up 17%. The company’s backlog grew 11% to $25.1 billion, and cash flow from operations was robust at $112.6 million. Jacobs raised its adjusted EBITDA and EPS guidance for fiscal 2021, now forecasting adjusted EBITDA of $1,075 million to $1,155 million and adjusted EPS of $5.30 to $6.00.
The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend of $0.21 per share, marking an 11% increase from the previous $0.19. This dividend is scheduled for payment on March 26, 2021, to shareholders of record as of February 26, 2021. Jacobs reported $14 billion in revenue and employs approximately 55,000 people, offering a broad range of professional services to both government and private sectors.
Jacobs has been awarded a contract by U.S. Naval Facilities Engineering Command for base operating support services at Kings Bay, Georgia, effective June 1, 2021. The contract has a maximum potential value of $421 million over a one-year base period, with seven additional options. This expands Jacobs' collaboration with the U.S. Navy, enhancing infrastructure reliability through intelligent asset management solutions. Jacobs anticipates leveraging its expertise to boost operations and maintenance capabilities across various facility management areas.
Jacobs has introduced Travel Service Optimization to enhance home-to-school travel for children with special educational needs in England. This initiative addresses the £800 million spent annually by local authorities, aimed at improving social inclusion while optimizing transport efficiency. The software clusters travel groups for better ride sharing and improved user experience, potentially reducing carbon emissions. Jacobs aims for global applicability of this service, enhancing transportation for SEND children.
Jacobs (NYSE:J) has secured a five-year indefinite delivery/indefinite quantity contract with the Naval Facilities Engineering and Expeditionary Warfare Center for waterfront facilities inspection services outside the contiguous United States. This contract extends Jacobs' long-standing service since 1988 and emphasizes their expertise as the sole provider for maritime inspections OCONUS since 2012. Services include underwater inspections, engineering analysis, and environmental studies, aimed at enhancing the structural integrity of U.S. Navy facilities globally. Jacobs reports approximately $14 billion in revenue and employs over 55,000 professionals.
Jacobs (NYSE:J) will report its fiscal Q1 2021 earnings on Feb. 9, 2021, before market open. A conference call to discuss results and operational trends will occur at 10:00 a.m. ET. Interested parties can access the call via webcast or by dialing in. Jacobs operates with approximately $14 billion in revenue and employs over 55,000 people, providing a range of professional services across sectors.
Jacobs (NYSE:J) has been appointed as the designer of record for the $933 million West Lake Corridor extension of the South Shore commuter rail line in Indiana. This project aims to enhance access for Lake County residents to Chicago, significantly reducing travel time to 47 minutes. The initiative includes approximately eight new miles of track and four new stations, with estimated completion in 2024. Jacobs emphasizes the project's alignment with their values of improving accessibility and fostering economic growth, while also highlighting their extensive industry expertise with $14 billion in revenue.
On January 13, 2021, Jacobs (NYSE:J) announced the suspension of all political contributions following the violence at the U.S. Capitol. CEO Steve Demetriou emphasized that the peaceful transition of power is fundamental to democracy and expressed concern for the events that undermined democratic principles. Jacobs, with approximately $14 billion in revenue and a workforce of over 55,000, provides a range of professional services across various sectors, advocating for unity in Congress.
Jacobs (NYSE:J) has secured 13 positions on Transport for London’s (TfL) renewed Transport Planning & Impact Monitoring Services Framework. The framework, set to operate for a maximum of four years, allows TfL and London Borough Authorities to access strategic consultancy support in transport planning. Jacobs aims to assist in evaluating the environmental and economic impacts of projects while contributing to London's green economic recovery. With approximately $14 billion in revenue and over 55,000 employees, Jacobs provides a range of professional services across various sectors.
Jacobs (NYSE:J) and Stantec have been awarded a Program Control Services contract by Infrastructure Ontario and Metrolinx for four major transit projects in the Greater Toronto Area, valued at $28.5 billion. The projects include the Ontario Line, Scarborough Subway Extension, Yonge Street North Subway Extension, and Eglinton Crosstown West LRT extension. This initiative aims to enhance transit access, reduce travel times, and improve connectivity for millions. Jacobs expressed confidence in delivering reliable transit services and managing this complex program.
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