Jacobs Solutions said revenues for Q2 of fiscal 2025 were $2.91 billion, an increase of $63.2 million or 2.2% from $2.85 billion in the corresponding period last year, and revenues for the 6 months were $5.84 billion, an increase of 3.3%.

1. 01

   Jacobs Solutions said revenues for Q2 of fiscal 2025 were $2.91 billion, an increase of $63.2 million or 2.2% from $2.85 billion in the corresponding period last year, and revenues for the 6 months were $5.84 billion, an increase of 3.3%.

2. 02

   The company said it recognized mark-to-market losses and other related expenses associated with its investment in Amentum stock of $109.5 million and $254.7 million for the 3 and 6 months, respectively, as well as a loss on extinguishment of debt of $20.5 million associated with the Equity-for-Debt Transaction.

3. 03

   Jacobs Solutions said net cash provided by operating activities for the 6 months ended March 28, 2025 was $11.0 million, which was $364.5 million lower than $375.5 million for the corresponding period including discontinued operations. The company cited increases in cash used by net working capital, including accounts receivable, and cash paid for income taxes of $85.0 million as factors for the decrease on a continuing operations basis.

4. 04

   The company said JEGI entered into a 2025 Term Loan Facility of $200.0 million and £410.0 million on March 27, 2025 to repay the principal amount of $531.6 million under the 2021 Term Loan Facility. It also exchanged approximately 19.5 million shares of Amentum stock and a GBP 2021 Term Loan of $311.5 million.

Key figures

Quarter ended March 28, 2025

Revenue

$2.9B

Operating income

$209M

Net income

$6M

EPS

$0.06

Gross profit

$738M

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.