secwatch.observer — SEC 8-K summary
======================================

Issuer:     JACOBS SOLUTIONS INC. (J)
CIK:        0000052988
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000052988-23-000051
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/52988/000005298823000051/0000052988-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/52988/000005298823000051/j-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000052988-23-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer