Welcome to our dedicated page for Jacobs Solutions news (Ticker: $J), a resource for investors and traders seeking the latest updates and insights on Jacobs Solutions stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Jacobs Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Jacobs Solutions's position in the market.
Jacobs Solutions Inc. (NYSE: J) reported a revenue increase of 4.7% year-over-year in the fiscal second quarter of 2024, with People and Places Solutions revenue up 7.5%. Operating profit decreased by 3%, while adjusted operating profit rose by 10%. The company repurchased $95 million in shares during the quarter and narrowed its fiscal 2024 adjusted EBITDA and adjusted EPS range. The backlog increased by 1.5% year-over-year, reaching $29.4 billion. Jacobs' CEO highlighted strong performance, particularly in the People & Places Solutions segment, emphasizing the company's commitment to cost optimization and driving sustainable growth. The company remains focused on streamlining its business to create value for its shareholders, clients, and communities. The financial outlook for fiscal 2024 shows growth in adjusted EBITDA and adjusted EPS at the midpoints, up by 9% and 10% respectively. The planned separation transaction with Amentum is progressing well, with expected completion in the second half of the fourth quarter of fiscal year 2024
Jacobs (NYSE:J) announced a quarterly cash dividend of $0.29 per share of common stock, payable on June 21, 2024, to shareholders of record as of May 24, 2024.
Jacobs (NYSE:J) has been chosen by Brightline West for the final design of the Nevada rail segment, a important link between Las Vegas and Los Angeles, promising to reduce emissions and enhance safety. The high-speed rail project aims to connect the two cities in just 2 hours and 10 minutes, removing over 400,000 tons of CO2 emissions annually and generating $10 billion in economic impact.
