Jacobs Engr Group Inc Stock Price, News & Analysis

Jacobs (NYSE: J) has been selected by the Boise Airport to support its multi-year capital expansion plan, responding to an 81% increase in passenger demand over the past decade. The project includes the construction of Concourse A, renovation of Concourse B, and potential terminal facility improvements.

As the owner's representative, Jacobs will oversee planning, design, and initial operations. The design phase for both concourses will begin in 2025. The expansion aims to accommodate growing demand in Idaho's capital, which currently connects to 27 non-stop destinations.

Jacobs, ranked No. 2 in Transportation by Engineering News-Record, brings expertise from major projects including Denver International Airport, Hartsfield-Jackson Atlanta International Airport, and the Manchester Airport Transformation Program. The company reports approximately $12 billion in annual revenue with a workforce of almost 45,000.

Amentum Holdings (NYSE: AMTM) has announced a secondary public offering of 19,464,174 shares of its common stock. The company itself is not selling any shares and will not receive proceeds from the offering. Jacobs Solutions Inc. subsidiary will exchange these shares for debt held by a BofA Securities affiliate (the Selling Shareholder), who will then sell the shares to underwriters.

After the offering's completion, Jacobs will no longer hold Amentum shares, except for potential 9,732,087 shares held in escrow pending performance milestones related to the merger of Jacobs' Critical Mission Solutions and Cyber & Intelligence businesses with Amentum. BofA Securities, J.P. Morgan, Morgan Stanley, BNP Paribas and TD Cowen are serving as joint book-running managers for the offering.

Jacobs (NYSE: J) has secured a significant $13.4 million operational technology (OT) cybersecurity contract with Hampton Roads Sanitation District (HRSD). The contract will provide end-to-end cybersecurity services for industrial control systems and physical infrastructure, supporting wastewater treatment services for 1.9 million people in southeast Virginia and the Eastern Shore.

The agreement, one of the largest OT cybersecurity services contracts awarded by a US wastewater utility, includes cybersecurity assessments for over 30 square miles of wastewater infrastructure, design and integration of cybersecurity controls, and continuous monitoring operations. The contract comes amid a surge in cybersecurity threats to critical infrastructure, particularly in the water sector, over the past 18 months.

Jacobs' expertise in this field is demonstrated by their service to more than 40 water utilities across the U.S. in fiscal year 2024. The company currently generates approximately $12 billion in annual revenue and employs a team of almost 45,000 people.

Jacobs (NYSE: J) has achieved notable recognition in sustainability rankings, securing a spot in the Dow Jones Sustainability World Index for the third consecutive year and the North America Index for the fifth year running. The company also received multiple sustainability accolades, including a Gold Medal from EcoVadis and an AA rating from MSCI ESG.

With approximately $12 billion in annual revenue and a workforce of nearly 45,000, Jacobs recently launched its Evolve tool to integrate sustainability across all projects. This tool aligns with the company's commitment to having 100% of solutions connected to UN Sustainable Development Goals, measuring environmental and economic impact while linking to business financials.

Jacobs stands among only 321 organizations globally selected for the Dow Jones Sustainability World Index out of over 13,000 invited companies, reinforcing its position as a leading sustainability and infrastructure solutions provider.

Jacobs (NYSE: J) has been selected as the Construction Manager as Advisor (CMa) for the Long-Baseline Neutrino Facility (LBNF) Near Site Conventional Facilities project at Fermilab in Batavia, Illinois. The company will provide project and construction management and safety oversight for facilities housing the Deep Underground Neutrino Experiment (DUNE) Near Detector.

This selection builds on Jacobs' decade-long relationship with Fermilab and showcases the company's expertise in complex underground infrastructure projects. The DUNE program is a major international scientific collaboration involving more than 1,400 scientists and engineers worldwide studying neutrinos with detectors in Illinois and South Dakota.

The total project cost exceeds $1 billion, with construction expected to begin in 2025. Jacobs brings significant experience from previous complex projects including the Grand Central Madison program and Thames Tideway Tunnel.

Jacobs currently generates approximately $12 billion in annual revenue and employs a team of almost 45,000 people delivering services across multiple sectors including advanced manufacturing, energy, environmental, and transportation.

Jacobs (NYSE: J) unveiled its 'Challenge Accepted' growth strategy at its 2025 Investor Day, targeting 6-8% organic adjusted net revenue growth from FY25-29. The company is aligning its focus on three key markets: Water and Environmental ($220B serviceable addressable market), Life Sciences and Advanced Manufacturing ($120B SAM), and Critical Infrastructure ($390B SAM).

The company set ambitious financial targets including a 16%+ Adjusted EBITDA margin and 10%+ FCF margin by FY29. Jacobs reaffirmed its fiscal 2025 outlook for mid-to-high single-digit adjusted net revenue growth, with adjusted EBITDA margin of 13.8-14.0% and free cash flow conversion exceeding 100% of net income. The company also announced a new $1.5 billion share repurchase authorization and increased quarterly dividend.

Jacobs (NYSE: J) has been selected as Program Manager and Owners Engineer for Xcel Energy to support the delivery of a multi-billion-dollar program of projects across eight Western and Midwestern states. The partnership will focus on implementing Xcel Energy's $45 billion investment plan announced in October 2024, aimed at making their grid cleaner, stronger, and more efficient.

Jacobs will establish a Central Program Office and Major Projects Group, executing a portfolio of projects, developing project selection recommendations, and standardizing delivery standards for transmission, distribution, and generation projects. The program builds on Jacobs' existing relationship with Xcel Energy and leverages their experience across the U.S., U.K., and Asia-Pacific.

This selection adds to Jacobs' recent program management wins, including the California hydrogen hub ARCHES project and MTerra Solar in the Philippines. Notably, Jacobs was ranked No.1 for the fourth consecutive year in Engineering News-Record's global Top 50 Program Management Firms.

Jacobs (NYSE: J) has been selected by the City of Boynton Beach, South Florida, to design upgrades for two water treatment plants aimed at removing PFAS from groundwater supplies. The facilities, with a combined capacity of 30 million gallons per day, serve over 112,000 people and require modernization to comply with new federal drinking water regulations.

The project scope includes evaluating existing facilities, developing a comprehensive facilities plan, designing improvements, and providing construction management services. The city has secured funding through Florida's Drinking Water State Revolving Fund Program. Jacobs, with approximately $12 billion in annual revenue and nearly 45,000 employees, brings extensive experience in PFAS treatment, having delivered solutions for various clients including the Cities of Woodbury and North Bay, and defense departments of the US and Australia.

Jacobs Solutions (NYSE: J) reported fiscal Q1 2025 results with gross revenue growing 4.4% year-over-year to $2.9 billion and adjusted net revenue up 5.1%. The company recorded a GAAP net loss of $17.1 million, primarily due to $145 million in mark-to-market losses on AMTM investment. Infrastructure & Advanced Facilities segment showed strong performance with 4.9% revenue growth.

Notable highlights include an 18.9% increase in backlog to $21.8 billion and a trailing twelve-month book-to-bill ratio of 1.3x. The company repurchased $202 million of shares during Q1 and authorized a new $1.5 billion share repurchase program. The quarterly dividend was increased by 10% to $0.32 per share.

Jacobs raised its FY2025 adjusted EPS guidance range from $5.80-$6.20 to $5.85-$6.20, while maintaining expectations for mid-to-high single-digit adjusted net revenue growth and adjusted EBITDA margin of 13.8-14.0%.