JACOBS SOLUTIONS INC. reported fiscal second quarter ended March 27, 2026 results: revenue $3.7 billion, net income ($43.0) million, EPS ($0.32). Guidance raised.
“Q2 2026 Highlights 1 : • Gross revenue of $3.7 billion up 27.0% y/y; adjusted net revenue 2 of $2.3 billion up 8.8% y/y • GAAP net earnings of ($43.0) million, impacted by PA acquisition transaction (vs. net earnings of $11.2 million in Q2 2025); adjusted EBITDA 2 of $327.2 million increased 14.2% y/y • GAAP EPS of ($0.32), impacted by PA acquisition transaction (vs. EPS of $0.10 in Q2 2025); adjusted EPS 2 of $1.75 increased 22.4% y/y”
Diane Bryant resigned as Director at JACOBS SOLUTIONS INC..
“On April 26, 2026, Diane Bryant resigned as a member of the Board of Directors of Jacobs Solutions Inc. (the “Company”).”
Debt Financings
JACOBS SOLUTIONS INC. incurred revolving credit of $1,500 million revolving facility with Bank of America, N.A., BNP Paribas, Wells Fargo Bank, National Association, The Toronto-Dominion Bank, New York Branch, HSBC Bank USA, National Association, U.S. Bank National Association, JPMorgan Chase Bank, N.A. at SOFR, SONIA, EURIBOR, CDOR, STIBOR, BBSY, SORA rate loans with margin between 0. maturing March 16, 2031.
“they received or will receive customary fees and expenses. The Revolving Credit Agreement provides to the Company and the other borrowers party thereto from time to time with a $1,500 million revolving facility, which can be borrowed in U.S. dollars, British Sterling, Euros, Canadian dollars, Australian dollars, Swedish Krona, Singapore dollars and other agreed upon”
Material Agreements
JACOBS SOLUTIONS INC. entered into Revolving Credit Agreement with Bank of America, N.A., as administrative agent, Bank of America, N.A., BNP Paribas and Wells Fargo Bank, National Association, as co-syndication agents, The Toronto-Dominion Bank, New York Branch, HSBC Bank USA, National Association, U.S. Bank National Association and JPMorgan Chase Bank, N.A., as c valued at $1,500 million revolving facility maturing March 16, 2031 (effective 2026-03-16).
“On March 16, 2026, Jacobs Solutions Inc. (the “Company”), Jacobs Engineering Group Inc. ( “JEGI”) and certain of the Company’s wholly owned subsidiaries, as borrowers, entered into a credit agreement (the “Revolving Credit Agreement”) with the lenders party thereto, Bank of America, N.A., as administrative agent, Bank of America, N.A., BNP Paribas and Wells Fargo Bank, National Association, as co-syndication agents, The Toronto-Dominion Bank, New York Branch, HSBC Bank USA, National Association, U.S. Bank National Association and JPMorgan Chase Bank, N.A., as co-documentation agents, and BofA Securities, Inc., BNP Paribas Securities Corp. and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners.”
Debt Financings
JACOBS SOLUTIONS INC. incurred senior notes of $800,000,000 aggregate principal amount of its 4.750% Senior Notes due 2031 and $500,000,000 aggregate principal amount with UT_BOND_HOLDERS at 4.750% per annum for 2031 Notes, 5.375% per annum for 2036 Notes maturing March 3, 2031 for 2031 Notes, March 3, 2036 for 2036 Notes.
“On March 3, 2026, Jacobs Solutions Inc. (the “Company”) completed the previously announced offering (the “Offering”) of $800,000,000 aggregate principal amount of its 4.750% Senior Notes due 2031 (the “2031 Notes”) and $500,000,000 aggregate principal amount of its 5.375% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”).”
Material Agreements
JACOBS SOLUTIONS INC. entered into Third Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $800,000,000 aggregate principal amount of its 4.750% Senior Notes due 2031 and $500,000,000 aggrega (effective 2026-03-03).
“On March 3, 2026, Jacobs Solutions Inc. (the “Company”) completed the previously announced offering (the “Offering”) of $800,000,000 aggregate principal amount of its 4.750% Senior Notes due 2031 (the “2031 Notes”) and $500,000,000 aggregate principal amount of its 5.375% Senior Notes due 2036 (the “2036 Notes””
Material Agreements
JACOBS SOLUTIONS INC. entered into Implementation Deed with PA Consulting Group Limited valued at approximately £3.05 billion (effective 2026-01-02).
“On January 2, 2026, Jacobs Solutions Inc., a Delaware corporation (the “Company”), entered into an Implementation Deed (the “Implementation Deed”) with Jacobs UK Holdings Limited, a company incorporated in England and Wales and a subsidiary of the Company (the “Purchaser”), PA Consulting Group Limited, a company incorporated in England and Wales (“PA Consulting”), and the several persons whose names are set out in Schedule 1 thereto as stakeholder representatives.”
Stephen A. Arnette resigned as Executive Vice President and President of the Critical Mission Solutions Business at JACOBS SOLUTIONS INC..
“Additionally, effective as of September 27, 2024, Stephen A. Arnette resigned his position of Executive Vice President and President of the Critical Mission Solutions Business with Jacobs, to become the Chief Operating Officer of SpinCo.”
Christopher M.T. Thompson resigned as Director at JACOBS SOLUTIONS INC..
“each of Steven J. Demetriou, General Vincent K. Brooks, General Ralph E. Eberhart, Barbara L. Loughran and Christopher M.T. Thompson resigned as directors of Jacobs to join the board of directors of SpinCo.”
Barbara L. Loughran resigned as Director at JACOBS SOLUTIONS INC..
“each of Steven J. Demetriou, General Vincent K. Brooks, General Ralph E. Eberhart, Barbara L. Loughran and Christopher M.T. Thompson resigned as directors of Jacobs to join the board of directors of SpinCo.”
General Ralph E. Eberhart resigned as Director at JACOBS SOLUTIONS INC..
“each of Steven J. Demetriou, General Vincent K. Brooks, General Ralph E. Eberhart, Barbara L. Loughran and Christopher M.T. Thompson resigned as directors of Jacobs to join the board of directors of SpinCo.”
General Vincent K. Brooks resigned as Director at JACOBS SOLUTIONS INC..
“each of Steven J. Demetriou, General Vincent K. Brooks, General Ralph E. Eberhart, Barbara L. Loughran and Christopher M.T. Thompson resigned as directors of Jacobs to join the board of directors of SpinCo.”
Steven J. Demetriou resigned as Director at JACOBS SOLUTIONS INC..
“each of Steven J. Demetriou, General Vincent K. Brooks, General Ralph E. Eberhart, Barbara L. Loughran and Christopher M.T. Thompson resigned as directors of Jacobs to join the board of directors of SpinCo.”
Michael W. Collins was elected as Director at JACOBS SOLUTIONS INC..
“On September 3, 2024, the Board of Directors (the “Board”) of Jacobs Solutions Inc. (the “Company”) increased the size of the Board from 13 to 14 authorized directors and elected Michael W. Collins to fill the vacancy, effective as of September 23, 2024.”
Mary M. Jackson was elected as Director at JACOBS SOLUTIONS INC..
“On July 11, 2024, the Board of Directors (the “Board”) of Jacobs Solutions Inc. (the “Company”) elected Vice Admiral Mary M. Jackson to serve as a director of the Company until the annual meeting of shareholders in 2025.”
Venkatesh Nathamuni was appointed as Executive Vice President and Chief Financial Officer at JACOBS SOLUTIONS INC..
“Venkatesh Nathamuni has been appointed Executive Vice President and Chief Financial Officer of the Company, effective as of June 3, 2024”
Kevin Berryman was appointed as interim Chief Financial Officer at JACOBS SOLUTIONS INC..
“On April 1, 2024, the Company issued a press release announcing Claudia Jaramillo’s departure from the Company and Kevin Berryman’s appointment as the Company’s interim Chief Financial Officer.”
Claudia Jaramillo departed as Chief Financial Officer at JACOBS SOLUTIONS INC..
“On April 1, 2024, the Company issued a press release announcing Claudia Jaramillo’s departure from the Company and Kevin Berryman’s appointment as the Company’s interim Chief Financial Officer.”
Earnings Releases
JACOBS SOLUTIONS INC. reported fiscal 2024 results: EPS $7.80 to $8.10.
“The Company has narrowed its outlook for fiscal 2024 adjusted EBITDA to a range of $1,540M to $1,585M and adjusted EPS of $7.80 to $8.10, up 9% and 10% year-over-year at the midpoints, respectively.”
Earnings Releases
JACOBS SOLUTIONS INC. reported quarter ended March 29, 2024 results: revenue $4.3 billion, EPS $1.29.
“Revenue of $4.3 billion up 4.7% y/y; adjusted net revenue 1 increased 2.9% y/y”
Kevin Berryman was appointed as interim Chief Financial Officer at JACOBS SOLUTIONS INC..
“The Company also announced that Kevin Berryman, age 65, currently Special Advisor to the Company’s Chief Executive Officer, has succeeded Ms. Jaramillo as the Company’s interim Chief Financial Officer, effective as of March 29, 2024.”
Claudia Jaramillo departed as Executive Vice President, Chief Financial Officer at JACOBS SOLUTIONS INC..
“On April 1, 2024, Jacobs Solutions Inc. (the “Company”) announced the departure of Claudia Jaramillo, Executive Vice President, Chief Financial Officer, effective April 15, 2024 (the “Effective Date”).”
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