earnings
confidence high
sentiment positive
materiality 0.75
Jacobs Q2 revenue $4.3B (+4.7% YoY); adjusted EPS $1.91, narrows FY2024 outlook
JACOBS SOLUTIONS INC.
2024-Q2 EPS reported
$2.65
revenue$8,428,318,000
- Revenue $4.3B, up 4.7% YoY; P&PS revenue up 7.5% YoY; record P&PS adjusted operating margin 15.3%.
- Adjusted EPS $1.91, down 7% YoY due to $0.32 prior-year tax benefit; GAAP EPS $1.29, down 24%.
- Repurchased $95M in shares; six-month cash from ops $376M; expects >100% FY free cash conversion.
- Narrows FY2024 adjusted EBITDA to $1.54-1.585B and adjusted EPS to $7.80-8.10, up 9% and 10% at midpoints.
- Received all antitrust and FDI approvals for CMS/Amentum separation; expects close in late FY2024.