secwatch.observer — SEC 8-K summary
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Issuer:     JACOBS SOLUTIONS INC. (J)
CIK:        0000052988
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000052988-24-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Jacobs Q2 revenue $4.3B (+4.7% YoY); adjusted EPS $1.91, narrows FY2024 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/52988/000005298824000030/0000052988-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/52988/000005298824000030/j-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000052988-24-000030

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