Jacobs Solutions said revenues for Q1 of fiscal 2025 were $2.93 billion, an increase of $122.7 million or 4.4%, and gross profit was $721.3 million with a gross profit margin of 24.6%, compared to 23.7% in the corresponding period last year.

1. 01

   Jacobs Solutions said revenues for Q1 of fiscal 2025 were $2.93 billion, an increase of $122.7 million or 4.4%, and gross profit was $721.3 million with a gross profit margin of 24.6%, compared to 23.7% in the corresponding period last year.

2. 02

   The company reflected a mark-to-market loss of $145.2 million on its investment in Amentum stock in connection with the Separation Transaction, and said the effective tax rate from continuing operations was 107.5%, compared to (30.6)% in the corresponding period last year. It explained that unfavorable tax impacts from the non-deductibility of losses on the Amentum stock investment were $37.0 million.

3. 03

   Jacobs Solutions said operating profit for the I&AF segment for Q1 was $157.8 million, an increase of $28.9 million or 22.4%, and operating profit for the PA Consulting segment was $66.7 million, an increase of $12.3 million or 22.6%.

4. 04

   The company said net cash provided by operating activities for Q1 was $107.5 million, compared to $307.1 million from continuing operations in the corresponding period last year, and explained that long-term debt increased by $368.7 million due to additional borrowings under its revolving credit facility to fund operations.

Key figures

Quarter ended December 27, 2024

Revenue

$2.9B

Operating income

$208M

Net income

−$18M

EPS

−$0.11

Gross profit

$721M

Operating cash flow

$107M

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.