AI English summary of an SEC filing — figures as filed
Jacobs Solutions JJacobs said revenue for fiscal 2024 Q2 (quarter ended March 29, 2024) rose to $4,269,093 thousand, up 4.7% from a year earlier from $4,078,332 thousand. Adjusted net revenue was $3,476,110 thousand.
Key points
AI summaryJacobs said revenue for fiscal 2024 Q2 (quarter ended March 29, 2024) rose to $4,269,093 thousand, up 4.7% from a year earlier from $4,078,332 thousand. Adjusted net revenue was $3,476,110 thousand.
The company said GAAP diluted earnings per share from continuing operations for Q2 were $1.29, down from $1.70 a year earlier, and adjusted EPS from continuing operations was $1.91, down from $2.06 a year earlier. It cited a discrete tax benefit of $0.32 per share in the prior-year period as the driver of both declines.
Jacobs said operating cash flow for the 6 months ended March 29, 2024 was $376 million, and that it repurchased shares for $95 million in Q2. It continues to expect reported free cash flow conversion for the full year to be above 100%.
The company said it has received all approvals under competition and foreign direct investment laws for the Reverse Morris Trust transaction to combine its CMS and portions of Divergent Solutions with Amentum, and expects the deal to close in the second half of the fourth quarter of fiscal 2024 Q4. It also said it narrowed its fiscal-year adjusted EBITDA outlook to $1,540M to $1,585M and its adjusted EPS outlook to $7.80 to $8.10.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.
Fiscal 2024 Q2 Revenue $4,269,093 thousand
Jacobs said revenue for fiscal 2024 Q2 (quarter ended March 29, 2024) rose to $4,269,093 thousand, up 4.7% from a year earlier from $4,078,332 thousand. Adjusted net revenue was $3,476,110 thousand.
Source · Based on the filing body and exhibits
Q2 GAAP EPS $1.29 and Adjusted EPS $1.91
The company said GAAP diluted earnings per share from continuing operations for Q2 were $1.29, down from $1.70 a year earlier, and adjusted EPS from continuing operations was $1.91, down from $2.06 a year earlier. It cited a discrete tax benefit of $0.32 per share in the prior-year period as the driver of both declines.
Source · Based on the filing body and exhibits
6-Month Operating Cash Flow and Q2 Share Repurchases
Jacobs said operating cash flow for the 6 months ended March 29, 2024 was $376 million, and that it repurchased shares for $95 million in Q2. It continues to expect reported free cash flow conversion for the full year to be above 100%.
Source · Based on the filing body and exhibits
Progress on Amentum Separation and Full-Year Outlook
The company said it has received all approvals under competition and foreign direct investment laws for the Reverse Morris Trust transaction to combine its CMS and portions of Divergent Solutions with Amentum, and expects the deal to close in the second half of the fourth quarter of fiscal 2024 Q4. It also said it narrowed its fiscal-year adjusted EBITDA outlook to $1,540M to $1,585M and its adjusted EPS outlook to $7.80 to $8.10.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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