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

Issuer:     JACOBS SOLUTIONS INC. (J)
CIK:        0000052988
Form:       8-K
Filed at:   2023-11-21T23:59:59+00:00
Accession:  0000052988-23-000082
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/52988/000005298823000082/0000052988-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/52988/000005298823000082/j-20231121.htm
  HTML page:      https://secwatch.observer/filing/0000052988-23-000082

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