Jacobs Q1 revenue $3.8B (+12.4% y/y); adj EPS $1.67 (+7% y/y); reiterates FY23 guidance

JACOBS SOLUTIONS INC.

2023-Q1 EPS reported $1.06 revenue$3,798,668,000

Revenue $3.8B (+12.4% y/y); net revenue +7.7% y/y (+12% constant currency).
Adjusted EPS from continuing ops $1.67 (+7% y/y); GAAP EPS $1.07 (+4% y/y).
Cash from operations $302M in Q1; reiterates 100% FY underlying cash conversion target.
People & Places Solutions operating profit up 20% YoY; backlog $28.3B with gross margin up 100 bps y/y.
Reaffirms FY2023 adjusted EBITDA $1.4-1.48B and adjusted EPS $7.20-$7.50.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

JACOBS SOLUTIONS INC. reported the fiscal first quarter ended December 30, 2022 results: revenue $3.8 billion, EPS $1.07. Guidance reaffirmed.

Period: the fiscal first quarter ended December 30, 2022
Revenue: $3.8 billion
EPS: $1.07
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Q1 2023 Highlights: ▪ Revenue of $3.8 billion up 12.4% y/y; net revenue increased 7.7% y/y and up 12% in constant currency 1 ▪ Backlog of $28.3 billion, up 1% y/y; gross margin in backlog up over 100 bps y/y 1 ▪ EPS from continuing operations of $1.07, up 4% y/y ▪ Adjusted EPS from continuing operations of $1.67, up 7% y/y ▪ Cash provided by operations of $302 million; continue to expect 100% fiscal year underlying cash conversion 2

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accession 0000052988-23-000010

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