Jacobs Reinforces Historic Water Operations and Maintenance Presence in Western US
Rhea-AI Summary
Jacobs (NYSE: J) has strengthened its water operations and maintenance (O&M) presence in the Western United States through multiple contract wins and renewals. The company secured new contracts with Soquel Creek Water District, West Basin Water District, and Lincoln-Sewer Management District 1 Wastewater Authority in California.
Additionally, Jacobs renewed existing O&M contracts across Oregon, Washington, Idaho, New Mexico, and California, representing over 144 years of combined collaboration. With $12 billion in annual revenue and approximately 45,000 employees, Jacobs manages more than 300 facilities and leverages digital solutions like Intelligent O&M, Aqua DNA, and Dragonfly to optimize operations.
The company's O&M business, which originated in Oregon 45 years ago, has grown to become one of the largest O&M solutions providers in the North American water market.
Positive
- Secured multiple new O&M contracts in California
- Renewed existing contracts across 5 western states spanning 144 years of collaboration
- Portfolio includes over 300 facilities under management
- Strong market position as one of the largest O&M solutions providers in North American water market
- Implementation of advanced digital solutions for operations optimization
Negative
- None.
News Market Reaction
On the day this news was published, J gained 1.64%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Supports continued delivery of resilient infrastructure and reliable water and wastewater service
Jacobs was recently awarded new water and wastewater O&M contracts with Soquel Creek Water District, West Basin Water District and Lincoln-Sewer Management District 1 Wastewater Authority in
"At Jacobs, we do not take for granted the importance of delivering an essential service like fresh drinking water, as well as protecting our sensitive environment through the collection and advanced treatment of wastewater," said Executive Vice President Greg Fischer. "Jacobs is uniquely positioned to provide O&M services that are directly supported by world-leading water engineering experience. This not only assures delivery of these crucial services but also extracts the maximum capacity from the utility's existing asset-base."
Forty-five years ago, Jacobs' O&M business originated in
"As utilities in the West are being challenged with climate change, tightening regulations and workforce shortages, we're utilizing our Digital OneWater suite of solutions like Intelligent O&M, Aqua DNA and Dragonfly to optimize operations, provide data-driven results for clients and enhance the lives of the communities we serve," said
At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in
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SOURCE Jacobs
