Jacobs Q3 2023 Earnings Report
Key Takeaways
Jacobs Solutions Inc. reported a 9.4% year-over-year increase in revenue, reaching $4.2 billion for the fiscal third quarter ended June 30, 2023. The company is advancing its plans for the separation of the Critical Mission Solutions business and reiterates its fiscal year 2023 outlook.
Revenue increased by 9.4% year-over-year, or 10% in constant currency.
Backlog reached $28.9 billion, a 2.9% year-over-year increase, with gross margin in backlog up 7.1%.
EPS was $1.29, a 15.1% decrease year-over-year, while adjusted EPS from continuing operations was $1.82, a 2.2% decrease year-over-year.
Company reiterates 100% cash flow conversion target and fiscal year 2023 outlook range.
Jacobs
Jacobs
Jacobs Revenue by Segment
Forward Guidance
The company has reiterated its outlook for fiscal year 2023 adjusted EBITDA to a range of $1,420 million to $1,470 million and adjusted EPS of $7.25 to $7.45.