earnings
confidence high
sentiment positive
materiality 0.80
Jacobs Q1 FY2024 revenue $4.2B +9.5% YoY; adjusted EPS $2.02 +28%; dividend raised 11.5%
JACOBS SOLUTIONS INC.
2024-Q1 EPS reported
$1.37
revenue$4,159,225,000
- Revenue $4.2B, up 9.5% YoY; adjusted net revenue up 7.0% YoY.
- Reported EPS $1.37 (+28% YoY); adjusted EPS $2.02 (+28% YoY) including $0.49 deferred tax benefit.
- Cash from operations $418M; $100M share repurchases; quarterly dividend increased 11.5%.
- Backlog $29.6B (+4.7% YoY); FY2024 guidance reaffirmed: adj. EBITDA $1.53B-$1.6B, adj. EPS $7.70-$8.20.
- Separation of CMS/C&I with Amentum expected to close H2 FY2024; progress continuing.