Jacobs Q4 revenue up 10.5% to $4.3B; announces spin-off/merger of CMS & C&I with Amentum

JACOBS SOLUTIONS INC.

2023-FY EPS reported $5.30 revenue$16,352,414,000

Q4 revenue $4.3B (+10.5% YoY); net earnings $150M; adjusted EPS $1.90; record annual revenue.
FY23 net earnings from cont ops $667M (+4%); adjusted EPS $7.20 (+4%); cash flow from ops $975M.
FY24 guidance: adj EBITDA $1.53B-$1.60B; adj EPS $7.70-$8.20 (midpoint up 10%).
Definitive agreement to spin-off CMS and C&I & combine with Amentum in Reverse Morris Trust; $1.0B cash dividend to Jacobs.
Jacobs shareholders to own up to 63% of combined co; transaction expected H2 FY2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

JACOBS SOLUTIONS INC. reported the fiscal fourth quarter and fiscal year ended September 29, 2023 results: revenue $4.3 billion, net income $150 million, EPS $1.25. Guidance initiated.

Period: the fiscal fourth quarter and fiscal year ended September 29, 2023
Revenue: $4.3 billion
Net income: $150 million
EPS: $1.25
Guidance: initiated
Result: reported results

Exact text from the filing

Inc. (NYSE: J) today announced its financial results for the fiscal fourth quarter and fiscal year ended September 29, 2023. Q4 2023 Financial Highlights: • Revenue o f $4.3 billion grew 10.5% year-over-year; adjusted net revenue 1 up 7.3% in constant currency 1 • Net earnings of $150 million and EPS from continuing operations of $1.25 • Adjusted EPS 1 from

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accession 0000052988-23-000082

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