Jacobs Solutions Inc. - J STOCK NEWS

Jacobs (NYSE:J) has been chosen by Moltex Energy to aid in the development of the Stable Salt Reactor, a new nuclear power facility. Jacobs will construct a specialized experimental facility for thermal transfer testing at its Birchwood Park research center in the U.K. This reactor aims to produce low-cost electricity by utilizing processed spent fuel pellets, which would otherwise constitute radioactive waste. Moltex has secured over $6 million in funding from the Advanced Research Projects Agency-Energy to support this initiative.

Jacobs Engineering Group reported Q3 2020 financial results with gross revenue of $3.3 billion, a 2.9% increase year-over-year. Net revenue decreased by 4% to $2.7 billion. The company achieved an EPS of $1.73, up from $0.65 in Q3 2019. Adjusted EPS was $1.26, down from $1.40, reflecting a $28 million decline in adjusted net earnings. Backlog increased by $1.2 billion to $23.7 billion. Jacobs revised its FY 2020 outlook, expecting adjusted EBITDA of $1 billion to $1.05 billion and adjusted EPS of $5.05 to $5.30.

Jacobs' ion platform leverages IIoT technology to facilitate safe on-site work environments amid COVID-19. This automated solution supports contact tracing and monitors social distancing for a global client, significantly improving operational safety. The platform integrates various technologies into a Software as a Service model, enhancing personnel accountability and security. Jacobs reported $13 billion in revenue and employs over 55,000. This innovation positions Jacobs as a leader in construction and manufacturing solutions during unprecedented times.

Jacobs (NYSE:J) has secured a contract from the U.S. Air Force Life Cycle Management Center valued at up to $455M for the operations, maintenance, and sustainment (OM&S) of critical systems at the NORAD Cheyenne Mountain Complex. The contract, effective from June 25, 2020, spans six years and supports Command and Control systems across multiple Air Force bases. Jacobs emphasizes its commitment to enhancing U.S. Air Force capabilities in facing threats and maintaining space situational awareness. The company reported $13 billion in revenue and employs over 55,000 people.

Jacobs (NYSE:J) announced new leadership roles for Ken Gilmartin and Patrick Hill in its People & Places Solutions (P&PS) line of business, effective August 1, 2020. Gilmartin will lead the Americas and global Advanced Facilities from Philadelphia, while Hill will oversee operations in Europe, Middle East, Africa, Asia, Australia, and New Zealand from London. Both executives will join Jacobs' leadership team and are expected to enhance P&PS’ strategy and client solutions, which include facilities for life-saving therapies, clean water, and smart environments.

Jacobs (NYSE:J) has partnered with Australian rail group John Holland to provide design and construction services for the More Trains, More Services project in Sydney, valued at approximately $195 million AUD. This initiative aims to upgrade critical infrastructure along the T4 Illawarra, T8 Airport, and South Coast lines, enhancing reliability and service frequency for commuters. Construction is expected to begin mid-2020, ahead of improvements slated for late 2022. The project is part of the New South Wales Government's modernization program over the next decade.

On July 20, 2020, Jacobs (NYSE:J) announced the development of a new COVID-19 modeling software utilizing probabilistic techniques and various datasets to aid clients in assessing virus propagation and implementing safety measures. This model supports decision-making for public transportation and capital projects, allowing clients to explore different scenarios. It has been reviewed by the University of Cambridge and is already assisting Network Rail High Speed in the U.K. The company's revenue stands at $13 billion with over 55,000 employees.

Jacobs (NYSE:J) is set to announce its fiscal third quarter 2020 earnings results before market open on August 3, 2020. A conference call will follow at 12:00 p.m. ET, during which management will discuss the company's performance and operational trends. Jacobs reported $13 billion in revenue and employs over 55,000 staff, providing a wide range of professional services for various sectors. Investors and interested parties can access the call via a webcast.

Jacobs (NYSE:J) has been selected by Hanwha Energy Corporation to provide owner's engineer services for a new 100 MWac solar photovoltaic power plant in Pekan, Malaysia. This project, expected to commence operations in 2021, is part of Malaysia's initiative to diversify its energy sources, aiming to boost renewable energy from 2% to 20% by 2030. Jacobs has previously contributed to phases I and II of Malaysia's Large-Scale Solar program, further solidifying its role in advancing sustainable energy in the region.