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Jacobs Solutions logoJacobs Solutions J

The company reported revenue of $4,231,580 thousand, GAAP diluted EPS from continuing operations of $1.17 and adjusted EPS from continuing operations of $1.96 for the quarter ended June 28, 2024. For the prior-year quarter, the figures were $4,186,702 thousand, $1.29 and $1.76, respectively.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company reported revenue of $4,231,580 thousand, GAAP diluted EPS from continuing operations of $1.17 and adjusted EPS from continuing operations of $1.96 for the quarter ended June 28, 2024. For the prior-year quarter, the figures were $4,186,702 thousand, $1.29 and $1.76, respectively.

  2. Jacobs said backlog as of June 28, 2024 was $30.6 billion, up 6% from a year earlier. It said People & Places Solutions record backlog rose 10.2% to $19.3 billion, with a book-to-bill ratio of 1.53x.

  3. The company said cash flow from operating activities for the quarter was $483 million, and common stock repurchases in the quarter were $(150,919) thousand in the cash flow statement. Net cash provided by operating activities for the nine months was $858,141 thousand.

  4. The company said it expects the separation transaction combining Critical Mission Solutions and other businesses with Amentum to close in the second half of September 2024. It also said it narrowed its full-year adjusted EPS outlook to $7.85 to $8.05.

Summary

AI-written

Analysis 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 Q3 Results

The company reported revenue of $4,231,580 thousand, GAAP diluted EPS from continuing operations of $1.17 and adjusted EPS from continuing operations of $1.96 for the quarter ended June 28, 2024. For the prior-year quarter, the figures were $4,186,702 thousand, $1.29 and $1.76, respectively.

Source · Based on the filing body and exhibits

Backlog at $30.6 billion, Record P&PS

Jacobs said backlog as of June 28, 2024 was $30.6 billion, up 6% from a year earlier. It said People & Places Solutions record backlog rose 10.2% to $19.3 billion, with a book-to-bill ratio of 1.53x.

Source · Based on the filing body and exhibits

Cash Flow and Share Repurchases

The company said cash flow from operating activities for the quarter was $483 million, and common stock repurchases in the quarter were $(150,919) thousand in the cash flow statement. Net cash provided by operating activities for the nine months was $858,141 thousand.

Source · Based on the filing body and exhibits

Amentum Separation and 2024 Outlook

The company said it expects the separation transaction combining Critical Mission Solutions and other businesses with Amentum to close in the second half of September 2024. It also said it narrowed its full-year adjusted EPS outlook to $7.85 to $8.05.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.