Jacobs Q3 revenue up 9.4% to $4.2B; reiterates FY2023 guidance; CMS spin-off progressing

JACOBS SOLUTIONS INC.

2023-Q3 EPS reported $4.06 revenue$12,063,702,000

GAAP EPS $1.29 (-15.1% YoY); adjusted EPS $1.82 (-2.2% YoY); last year had $0.08 gain from investment.
People and Places Solutions operating profit grew 13% YoY; total backlog $28.9B (+2.9% YoY).
Cash from operations $321M; reiterated FY2023 adjusted EBITDA $1.42-1.47B and adjusted EPS $7.25-7.45.
Advancing CMS separation; evaluating outside interest; spin-off expected fiscal 2024 subject to conditions.
Kevin Berryman hands CFO role to Claudia next week; becomes special advisor to CEO.

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 third quarter ended June 30, 2023 results: revenue $4.2 billion, EPS EPS of $1.29. Guidance reaffirmed.

Period: the fiscal third quarter ended June 30, 2023
Revenue: $4.2 billion
EPS: EPS of $1.29
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Business DALLAS, TEXAS - Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal third quarter ended June 30, 2023. Q3 2023 Highlights: ▪ Revenue of $4.2 billion up 9.4% y/y; adjusted net revenue 1 increased 7.5% y/y and up 7.9% in constant currency 1 ▪ Backlog 1 of $28.9 billion, up 2.9% y/y; g ross margin in backlog 1 up 7.1% y/y ▪ EPS

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accession 0000052988-23-000051

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