---
schema_version: "secwatch.filing_event.v1"
accession: "0000052988-23-000022"
form_type: "8-K"
ticker: "J"
cik: "0000052988"
company_name: "JACOBS SOLUTIONS INC."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:43:30.093459+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Jacobs reports Q2 earnings beat, announces plan to spin off CMS business into separate public company

## Summary
- Revenue $4.1B (+6.4% YoY); adjusted EPS $1.81 (+5% YoY); operating profit +74%.
- People and Places Solutions operating profit up 21% YoY; backlog $29B (+4%).
- FY2023 guidance narrowed: adjusted EBITDA $1.42-1.47B; adjusted EPS $7.25-7.45.
- Board approves spin-off of CMS (FY2022 revenue $4.4B) to create two public companies; tax-free to shareholders.
- Spin-off targeted for H2 FY2024; subject to IRS ruling, SEC filing, and final board approval.

## SEC filing metadata
- accession: 0000052988-23-000022
- form_type: 8-K
- ticker: J
- cik: 0000052988
- company_name: JACOBS SOLUTIONS INC.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/52988/000005298823000022/0000052988-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/52988/000005298823000022/j-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000052988-23-000022
- JSON: https://secwatch.observer/filing/0000052988-23-000022.json
- Plain text: https://secwatch.observer/filing/0000052988-23-000022.txt

## Key facts
- Earnings Releases
  JACOBS SOLUTIONS INC. reported the fiscal second quarter ended March 31, 2023 results: revenue $4.1 billion, EPS $1.70.
  - Period: the fiscal second quarter ended March 31, 2023
  - Revenue: $4.1 billion
  - EPS: $1.70
  - Result: reported results
  source text: Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal second quarter ended March 31, 2023. Q2 2023 Highlights: ▪ Revenue of $4.1 billion up 6.4% y/y
  evidence_url: https://www.sec.gov/Archives/edgar/data/52988/000005298823000022/0000052988-23-000022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.