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Mar 29, 2024
Jacobs Q2 2024 Earnings Report
Jacobs reported a solid performance in Q2, bolstered by People & Places Solutions, and focused on streamlining the business with cost optimization.
Key Takeaways
Jacobs Solutions Inc. announced its financial results for the fiscal second quarter ended March 29, 2024. Revenue was up 4.7% year-over-year, with People and Places Solutions revenue up 7.5% year-over-year. EPS was $1.29, and adjusted EPS from continuing operations was $1.91. The company narrowed its outlook for fiscal 2024 adjusted EBITDA to a range of $1,540M to $1,585M and adjusted EPS of $7.80 to $8.10.
Revenue of $4.3 billion, up 4.7% year-over-year.
People & Places Solutions (P&PS) revenue up 7.5% year-over-year.
Backlog of $29.4 billion, up 1.5% year-over-year.
EPS of $1.29, down 24% year-over-year; adjusted EPS from continuing operations of $1.91, down 7% year-over-year.
Revenue by Segment
Forward Guidance
The Company has narrowed its outlook for fiscal 2024 adjusted EBITDA to a range of $1,540M to $1,585M and adjusted EPS of $7.80 to $8.10, up 9% and 10% year-over-year at the midpoints, respectively.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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