STOCK TITAN

Jacobs Solutions Inc. - J STOCK NEWS

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.

Rhea-AI Summary
Jacobs (J) selected to upgrade Miami-Dade County's wastewater treatment plants, utilizing Intelligent O&M to enhance system resilience and operational performance. The six-year agreement aims at modernizing infrastructure, reducing costs, and optimizing labor efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
none
-
Rhea-AI Summary
Jacobs (J) selected as Amtrak's Delivery Partner for the Frederick Douglass Tunnel program, a $6 billion infrastructure investment to modernize America's busiest passenger railroad. The program includes new tunnels, bridges, rail systems, and an ADA-accessible station, aiming to enhance reliability, speed, and safety on the Northeast Corridor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
Tags
none
-
Rhea-AI Summary
Jacobs (J) awarded a $570.5 million FEMA contract to support disaster recovery and hazard mitigation in the U.S. The indefinite delivery contract spans multiple regions and emphasizes sustainable practices. Jacobs and CDM Smith JV have a successful track record in supporting FEMA programs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
Tags
none
News
Rhea-AI Summary
Jacobs Solutions Inc. appoints Kevin Berryman as interim Chief Financial Officer, reaffirms fiscal year 2024 outlook. Berryman succeeds Claudia Jaramillo, with a search for a permanent CFO initiated. The company continues to deliver positive results and aims for optimized cost structure and margin expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.48%
Tags
none
-
Rhea-AI Summary
Piedmont Lithium appoints Dawne Hickton to its Board of Directors, bringing extensive manufacturing expertise and cross-industry experience to enhance strategic guidance. Hickton's background in aerospace, energy, and metals industries adds valuable insights to advance the company's business strategy in the global lithium market and drive shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
management
-
Rhea-AI Summary
Jacobs (J) has been chosen by United Utilities to optimize asset investment programs, supporting water infrastructure resilience in North West England. The $211 million agreement spans six years with a five-year extension option, focusing on program and asset optimization, value engineering, and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
none
Rhea-AI Summary
Jacobs (J) secures a $249M contract as a major subcontractor for MacDill Air Force Base support services, focusing on facilities optimization and sustainability infrastructure improvement. The project aims to enhance operational availability and sustainability through critical expertise and an intelligent asset management framework.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
none
-
Rhea-AI Summary
Jacobs and Mott MacDonald have been selected by Thames Water as technical partners to support the delivery of the water company's $5.9 billion future asset investment programs under the Strategic Resource Option framework. The partnership aims to enhance water supply resiliency in London and surrounding areas through three major water infrastructure projects. Jacobs and Mott MacDonald will provide technical, engineering, environmental, regulatory, and planning services for the development and delivery of these projects over an eight-year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
none
-
Rhea-AI Summary
Jacobs (J) appointed as Lead Design Consultant for urban development project in Al Madinah, Saudi Arabia, supporting Vision 2030. The project aims to enhance Madinah as a global destination with hotels, residential buildings, and hospitality offerings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
none
Rhea-AI Summary
Jacobs Solutions Inc. (NYSE: J) reported a 9.5% increase in revenue, reaching $4.2 billion in the first quarter of fiscal 2024. The company's cash flow from operations totaled $418 million, and it repurchased $100 million in shares. Jacobs also announced an 11.5% quarterly dividend increase and reiterates its fiscal 2024 adjusted EBITDA and adjusted EPS outlook. The company's backlog reached $29.6 billion, up 4.7% year-over-year, and gross profit in backlog increased by 6.1% year-over-year. The reported EPS increased by 28% year-over-year, and the adjusted EPS from continuing operations also increased by 28% year-over-year. Jacobs' CEO highlighted the strong performance and robust organic revenue growth in the People and Places Solutions business, while the CFO emphasized the commitment to consistent return of capital to shareholders. The company also provided an update on the planned separation transaction, expecting it to close in the second half of fiscal year 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.12%
Tags

FAQ

What is the current stock price of Jacobs Solutions (J)?

The current stock price of Jacobs Solutions (J) is $140.01 as of November 15, 2024.

What is the market cap of Jacobs Solutions (J)?

The market cap of Jacobs Solutions (J) is approximately 17.5B.

What services does Jacobs Solutions Inc. provide?

Jacobs Solutions offers engineering, design, procurement, construction, and maintenance services, along with cyber engineering and security solutions.

In which sectors does Jacobs Solutions operate?

Jacobs Solutions operates in sectors such as water, transportation, healthcare, technology, and chemicals.

How much revenue did Jacobs Solutions generate in fiscal 2023?

Jacobs Solutions generated $16.4 billion in revenue and $1.3 billion in adjusted operating income in fiscal 2023.

What is a significant recent project by Jacobs Solutions?

Jacobs Solutions was selected to design, build, operate, and maintain the Alkimos Seawater Desalination Plant in Perth, Australia.

How many employees work at Jacobs Solutions?

Jacobs Solutions employs approximately 60,000 workers.

What are some key collaborations of Jacobs Solutions?

Jacobs collaborates with the UK Atomic Energy Authority, National Nuclear Laboratory, and many others on significant engineering and technological projects.

What strategic move is Jacobs Solutions currently making?

Jacobs is in the process of separating and merging its Critical Mission Solutions and parts of its Divergent Solutions business with Amentum.

Where can I find more updates about Jacobs Solutions?

For the latest updates, visit Jacobs Solutions' official website or connect with them on Facebook, Instagram, LinkedIn, and X.

What recognition does Jacobs have in water treatment?

Jacobs consistently ranks top in water treatment and desalination on Engineering News Record’s list of top design firms.

What digital solutions does Jacobs provide for wastewater management?

Jacobs offers Aqua DNA, a digital solution that enhances wastewater system performance through real-time data and AI-driven insights.

Jacobs Solutions Inc.

NYSE:J

J Rankings

J Stock Data

17.49B
124.25M
1%
87.77%
1.09%
Engineering & Construction
Heavy Construction Other Than Bldg Const - Contractors
Link
United States of America
DALLAS