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Sep 29, 2023
Jacobs Q4 2023 Earnings Report
Jacobs' Q4 2023 earnings increased year-over-year, driven by double-digit revenue growth and strategic initiatives.
Key Takeaways
Jacobs reported strong Q4 2023 results, with revenue up 10.5% year-over-year and adjusted net revenue up 7.3% in constant currency. The company announced a definitive agreement to spin-off and combine its Critical Mission Solutions (CMS) and Cyber & Intelligence businesses with Amentum. Jacobs is initiating a cost optimization plan, targeting margin expansion.
Revenue increased by 10.5% year-over-year, reaching $4.3 billion.
Adjusted EPS from continuing operations was $1.90.
Backlog grew by $1.2 billion to $29.1 billion, a 4% increase year-over-year.
Announced spin-off and merger of Critical Mission Solutions and Cyber & Intelligence businesses.
Revenue by Segment
Forward Guidance
The Company’s outlook for fiscal 2024 adjusted EBITDA is $1,530M to $1,600M and adjusted EPS of $7.70 to $8.20, up 9% and 10% at the midpoints, respectively.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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