earnings
confidence high
sentiment positive
materiality 0.70
Jacobs Solutions Q3 adjusted EPS $1.96, up 11% y/y; P&PS backlog record $19.3B
JACOBS SOLUTIONS INC.
2024-Q3 EPS reported
$3.82
revenue$12,659,898,000
- Adjusted EPS $1.96, up 11% y/y; GAAP EPS $1.17 (down 9% y/y); operating cash flow $483M; $151M share buybacks in Q3.
- P&PS backlog record $19.3B, up 10.2% y/y; book-to-bill 1.53x; gross profit in backlog up 9% y/y.
- Fiscal 2024 adjusted EPS guidance narrowed to $7.85-$8.05 (mid-point 10% growth); adjusted EBITDA unchanged $1.54B-$1.585B.
- Planned spin-off of CMS with Amentum expected to close in H2 September 2024; all competition and FDI clearances received.