JEC - JEC STOCK NEWS

Jacobs (NYSE:J) has been selected by Dounreay Site Restoration Ltd to lead the integrated design management team for a significant nuclear clean-up project in Scotland. The contract is valued at $10.4 million over 6.5 years, with potential for additional revenue. Jacobs will coordinate efforts to retrieve and repackage radioactive waste from the Dounreay shaft, extending 214.5 feet below ground, and its associated silo. This initiative aims to contribute to the safe disposal of legacy waste, moving forward with DSRL's clean-up objectives.

Jacobs has acquired a 65% stake in PA Consulting, a leading innovation firm, for an enterprise value of £1.825 billion ($2.5 billion). This strategic move aims to enhance Jacobs' innovation capabilities in addressing challenges like climate change and healthcare. The partnership received overwhelming approval from PA employees, with 99.9% voting in favor. PA Consultant's CEO emphasized the alignment of cultures and values between the two firms. The deal, finalized on March 2, 2021, was funded through cash and existing debt.

Jacobs (NYSE:J) has extended its 30-year partnership with the New York City Economic Development Corporation (NYCEDC) for an additional five years, valued at $20 million. The contract includes crucial maritime engineering consultative services related to inspection and maintenance management of city-owned maritime infrastructure. Jacobs is expected to enhance essential facilities, including cruise terminals and marine facilities for various city departments. With $14 billion in revenue and a workforce of approximately 55,000, Jacobs aims to support NYCEDC's waterfront infrastructure.

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.

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.