Jacobs Engr Group Inc Stock Price, News & Analysis

Jacobs (NYSE:J) has been awarded a four-year contract, potentially extendable by two years, to design and engineer maintenance systems for ITER, the world’s largest fusion power project in France. This contract involves work on up to 25 diagnostic ports essential for the ITER experimental machine, leveraging Jacobs' expertise in remote handling and diagnostics. Senior VP Karen Wiemelt emphasized Jacobs' commitment to sustainability and technological innovation in supporting this crucial climate initiative. The ITER project, backed by over 30 nations, aims to achieve a self-sustaining fusion reaction, contributing to the development of emission-free energy sources.

Jacobs (NYSE: J) is set to announce its fiscal second quarter 2023 earnings results on May 9, 2023, before the market opens. A conference call will follow at 10:00 a.m. ET, where management will present the company's performance and operational trends. Jacobs reported approximately $15 billion in annual revenue and has a workforce exceeding 60,000. The event will be accessible via a webcast on the company's website, providing insights into its financial standing and future outlook.

Jacobs (NYSE:J) has been selected by Fulton County Schools (FCS) in Atlanta, Georgia, to manage the $648 million Education Special Purpose Local Option Sales Tax (ESPLOST) Capital Improvement Program. This 66-month contract entails modernizing infrastructure, constructing five new schools, and renovating 18 existing schools and two non-instructional facilities. Jacobs has previously managed over $1 billion in projects for FCS since 2012. With its commitment to enhancing educational environments, Jacobs aims to deliver nearly 300 projects that improve safety, technology, and efficiency within FCS facilities.

Cirba Solutions has announced a strategic partnership with Jacobs to expand battery material processing facilities across North America. This initiative aims to enhance electric vehicle (EV) battery recycling capacity as the demand for EVs is projected to reach 52% of total US car sales by 2030. The collaboration includes a $200 million expansion at Cirba’s Lancaster, Ohio site, supported by over $82 million in Department of Energy grants. With plans for 13 operational facilities by 2030, Cirba Solutions aims to ensure that more than 40% of nickel and cobalt supply comes from recycled sources by 2050, promoting sustainability in the battery supply chain.

Jacobs (NYSE:J) has been chosen by LA Sanitation and Environment and the Los Angeles Department of Water and Power as the contractor for the Donald C. Tillman Advanced Water Purification Facility. This significant project aims to enhance LA's water management by treating tertiary effluent to produce purified water, ultimately supplying up to 200,000 customers. With an estimated cost of $500 million, it will save the city $81 million through WIFIA funding. The facility will utilize advanced techniques, aiming to process over 15 million gallons of water daily, addressing the region's water shortages and drought resilience.