Jacobs Q3 2024 Earnings Report
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.
Jacobs
Jacobs
Jacobs 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