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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 Solutions Inc. (NYSE: J) reported a revenue increase of 4.7% year-over-year in the fiscal second quarter of 2024, with People and Places Solutions revenue up 7.5%. Operating profit decreased by 3%, while adjusted operating profit rose by 10%. The company repurchased $95 million in shares during the quarter and narrowed its fiscal 2024 adjusted EBITDA and adjusted EPS range. The backlog increased by 1.5% year-over-year, reaching $29.4 billion. Jacobs' CEO highlighted strong performance, particularly in the People & Places Solutions segment, emphasizing the company's commitment to cost optimization and driving sustainable growth. The company remains focused on streamlining its business to create value for its shareholders, clients, and communities. The financial outlook for fiscal 2024 shows growth in adjusted EBITDA and adjusted EPS at the midpoints, up by 9% and 10% respectively. The planned separation transaction with Amentum is progressing well, with expected completion in the second half of the fourth quarter of fiscal year 2024
Jacobs (NYSE:J) announced a quarterly cash dividend of $0.29 per share of common stock, payable on June 21, 2024, to shareholders of record as of May 24, 2024.
Jacobs (NYSE:J) has been chosen by Brightline West for the final design of the Nevada rail segment, a important link between Las Vegas and Los Angeles, promising to reduce emissions and enhance safety. The high-speed rail project aims to connect the two cities in just 2 hours and 10 minutes, removing over 400,000 tons of CO2 emissions annually and generating $10 billion in economic impact.
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