Jacobs Engr Group Inc Stock Price, News & Analysis

The Board of Directors of Jacobs (NYSE:J) has approved a new $1 billion share repurchase program and declared a quarterly cash dividend of $0.26 per share, reflecting a 13% increase from the previous $0.23. The dividend is set to be paid on March 24, 2023, to shareholders on record as of February 24, 2023. CFO Kevin Berryman emphasized Jacobs' alignment with growth trends and its capacity to generate cash, supporting both share buybacks and dividend increases. The repurchase program will be active until January 25, 2026 and may be executed through various market methods, subject to conditions.

On January 24, 2023, Bob Pragada was appointed as the Chief Executive Officer of Jacobs (NYSE:J), succeeding the previous leadership. Pragada, a veteran with over 30 years of business leadership, has been with Jacobs for 17 years and held various senior roles, including President and COO. He aims to enhance Jacobs' focus on climate response, data solutions, and consulting services while aligning the company’s portfolio with high-growth sectors like water infrastructure and life sciences. Jacobs reported approximately $15 billion in annual revenue, and Pragada’s leadership is expected to drive profitable growth and innovation.

Jacobs (NYSE:J) is set to announce its fiscal first quarter 2023 earnings results on February 7, 2022, before the market opens. The company will hold a conference call at 10:00 a.m. ET to discuss the results and operational trends. Jacobs, with approximately $15 billion in annual revenue and a workforce of over 60,000, offers a wide range of professional services to both government and private sectors. Interested parties can access the conference call via a webcast on the company's website.

Jacobs (NYSE:J) has been awarded a four-year Capital Program Delivery Partner Contract by Transport for London (TfL), in collaboration with Gardiner and Theobald. This contract aims to enhance public transport through project management and construction services, focusing on improvements like station upgrades and road enhancements. Immediate mobilization is planned, leveraging Jacobs' extensive expertise gained from past projects, including the Elizabeth Line. With $15 billion in annual revenue and approximately 60,000 employees, Jacobs is committed to contributing to sustainable urban development and improving public transport accessibility.

Jacobs, in a consortium with Westinghouse Electric Spain and the Lithuanian Energy Institute, has been selected to oversee the dismantling and waste management at Lithuania's Ignalina Nuclear Power Plant. This project marks a significant step in decommissioning Soviet-era reactors, paving the way for methodologies applicable to U.K. nuclear plants. Jacobs' strategy includes expanding its decommissioning services in Europe, building on experience from complex sites like Sellafield and Fukushima. The Ignalina plant was closed in 2002, previously supplying 88% of Lithuania's electricity.

Jacobs (NYSE:J) has partnered with Atkins and PwC to assist National Highways in formulating England's third road investment strategy (RIS3) for 2025-2030. The joint venture will develop comprehensive business and delivery plans aimed at enhancing road safety, capacity, and user experience while ensuring net-zero road maintenance and construction by 2040. The project aims to inform the Department for Transport's investment decision, anticipated in late 2024, thus shaping key infrastructure for economic growth in England.

Jacobs (NYSE:J) has secured a $99.8 million contract for Underwater Launch Test Capability services from the Naval Surface Warfare Center in Crane, Indiana. This contract includes the integration and activation of specialized test equipment and support for launch test operations. The partnership enhances Jacobs' ongoing collaboration with NSWC Crane, which began in 2019, and focuses on interoperability between various hardware and software systems. Jacobs reported approximately $15 billion in annual revenue, emphasizing its commitment to advanced engineering solutions for the military sector.

Jacobs (NYSE:J) has secured a $99 million indefinite delivery indefinite quantity (IDIQ) architecture and engineering services contract with the United States Air Force for its bases in Japan. The contract involves a five-year base period with an option for an additional two years and covers design, construction management, and other professional services. Jacobs aims to leverage its extensive experience of over 30 years with the USAF in Japan, collaborating with local sub-consultants for compliance on hazardous materials and investigations.