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Jacobs
🇺🇸 NYSE:J
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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.

Total Revenue
$4.27B
Previous year: $4.08B
+4.7%
EPS
$1.91
Previous year: $1.81
+5.5%
Backlog
$29.4B
Previous year: $29B
+1.4%
Gross Profit
$852M
Previous year: $890M
-4.3%
Cash and Equivalents
$1.03B
Previous year: $1.22B
-15.4%
Free Cash Flow
-$70.6M
Previous year: $96.8M
-172.9%
Total Assets
$14.9B
Previous year: $15B
-0.7%

Jacobs

Jacobs

Jacobs 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

Company Overview

Full financial data and analysis

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