A Year of Growth and Resilience: Jacobs Solutions Inc. Fiscal Year Q1 2025 Results

Financial Highlights

Backlog Grows by 18.9% Year-Over-Year with TTM Book-to-Bill Ratio of 1.3x

Repurchased $202 Million of our Shares During Q1

Board Authorizes $1.5 Billion for Company’s Largest Ever Share Repurchase Program

Increasing Dividend to $0.32/share, a 10% Increase Year-Over-Year

Raising FY 2025 Adjusted EPS Guidance Range

The Numbers

In the fiscal first quarter ended December 27, 2024, Jacobs Solutions Inc. reported some impressive numbers. Gross revenue of $2.9 billion grew by 4.4% year-over-year, with adjusted net revenue up by 5.1%. The Infrastructure & Advanced Facilities segment also saw growth, with gross revenue increasing by 4.9% and adjusted net revenue up by 6.0% year-over-year.

Despite these positive numbers, the company reported a GAAP net loss of $17.1 million, down 113.3% year-over-year. However, adjusted EBITDA showed a significant improvement, reaching $282 million, up 23.6% year-over-year.

Jacobs Solutions Inc. recorded $145 million in mark-to-market losses on their investment in AMTM, leading to a decrease in GAAP net income EPS to ($0.10), down 109.7% year-over-year. Adjusted EPS also saw a decline to $1.33, down 8.3% from the previous year (despite a tax benefit of $0.49 per share in Q1 2024).

Impacts and Reflection

Bob Pragada, Chair and CEO of Jacobs Solutions Inc., commented that the company’s focus on the transformed portfolio is already showing positive results. The 18.9% year-over-year increase in backlog, coupled with the strategic share repurchase program and dividend increase, demonstrate the company’s commitment to growth and resilience in the face of challenges.

How Does This Affect You?

As a shareholder or potential investor, these financial results could indicate the company’s potential for future growth and profitability. The increased share repurchase program and dividend raise could be positive signals for the company’s financial health and stability.

Global Impact

On a larger scale, Jacobs Solutions Inc.’s financial results could also have an impact on the wider market and industry. The company’s growth and resilience could inspire confidence in the market and potentially lead to increased investment in the infrastructure and advanced facilities sectors.

Conclusion

In conclusion, Jacobs Solutions Inc.’s fiscal year Q1 2025 results paint a picture of growth, resilience, and strategic decision-making. Despite some challenges, the company’s focus on transformation and profitability bodes well for its future prospects and the potential impact on shareholders and the global market.