The company said revenue for fiscal 2024 Q3 rose $4.23 billion (1.1% higher), and gross profit rose $916.8 million (7.0% higher), with a gross profit margin of 21.7%. Cumulative revenue for the 9 months ended June 28 was $12.66 billion, up 4.9%.

1. 01

   The company said revenue for fiscal 2024 Q3 rose $4.23 billion (1.1% higher), and gross profit rose $916.8 million (7.0% higher), with a gross profit margin of 21.7%. Cumulative revenue for the 9 months ended June 28 was $12.66 billion, up 4.9%.

2. 02

   Jacobs said SG&A expenses rose 11.8% for Q3 to $656.3 million and 9.2% for the 9 months to $1.93 billion. The company said the increase was mainly driven by restructuring and other charges related to the Separation Transaction Q3 of $61.9 million and 9-month charges of $160.4 million.

3. 03

   The company said operating cash flow for the 9 months was $858.1 million, compared with $755.4 million a year earlier, a difference of $102.7 million. Net cash used in financing activities was $492.6 million, including share repurchases of $346.4 million and dividends of $106.4 million. Cash and cash equivalents as of the balance date were $1.21 billion.

4. 04

   Jacobs Solutions said that upon completion of the Separation Transaction, Jacobs and its stockholders would hold up to 63% of the common stock of the combined company, with the exact percentage depending on whether the fiscal 2024 operating profit target is achieved. The company said it expects to receive $1 billion in cash at closing and plans to use it to repay existing debt.

Key figures

Quarter ended June 28, 2024

Revenue

$4.2B

Operating income

$260M

Net income

$147M

EPS

$1.17

Gross profit

$917M

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.