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Jun 28, 2024
Jacobs Q3 2024 Earnings Report
Jacobs sustained its strong margin profile, made significant strides in portfolio optimization, and maintained strong bookings and backlog.
Key Takeaways
Jacobs reported strong Q3 2024 earnings with a record backlog in People & Places Solutions (P&PS). The company executed $151M of share buybacks during the quarter and is nearing completion of the planned spin-off of its Critical Mission Solutions and Cyber & Intelligence Businesses and merger with Amentum.
Cash flow from operations reached $483 million with expectations of greater than 100% fiscal year reported free cash flow conversion.
Adjusted EPS from continuing operations was $1.96, up 11% year-over-year.
Backlog totaled $30.6 billion, up 6% year-over-year, with a book-to-bill ratio of 1.29x.
Record P&PS backlog reached $19.3 billion, up 10.2% year-over-year, with a book-to-bill ratio of 1.53x.
Revenue by Segment
Forward Guidance
The company has narrowed its fiscal 2024 adjusted EPS outlook to a range of $7.85 to $8.05, representing 10% growth year-over-year at the mid-point and has not changed adjusted EBITDA range of $1,540M to $1,585M.
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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