The company said revenue for fiscal 2024 Q2 rose $4.27 billion, or 4.7%, to $190.8 million, and revenue for the 6 months ended March 29 rose $8.43 billion, or 7.0%, to $551.3 million.

1. 01

   The company said revenue for fiscal 2024 Q2 rose $4.27 billion, or 4.7%, to $190.8 million, and revenue for the 6 months ended March 29 rose $8.43 billion, or 7.0%, to $551.3 million.

2. 02

   The company said its Q2 gross profit rose $14.3 million (1.6%) to $904.6 million, but its gross profit margin was 21.2%, lower than 21.8% a year earlier, and its 6-month gross profit margin was also lower than the prior year's 21.6%, at 20.8%.

3. 03

   The company said net cash provided by operating activities for the 6 months was $375.5 million, $58.8 million less than $434.3 million a year earlier, and that net cash used in financing activities of $230.8 million included share repurchases of $195.5 million and dividends of $70.1 million.

4. 04

   The company said that once the Separation Transaction is completed, Jacobs Solutions and its stockholders expect to hold up to 63% of the common stock of the combined company and to receive $1 billion in cash at closing, which it plans to use to repay existing debt.

Key figures

Quarter ended March 29, 2024

Revenue

$4.3B

Operating income

$281M

Net income

$162M

EPS

$1.28

Gross profit

$905M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.