Welcome to our dedicated page for Jacobs Engr Group news (Ticker: J), a resource for investors and traders seeking the latest updates and insights on Jacobs Engr Group stock.
Jacobs Solutions Inc. provides engineering, consulting, design, program management and lifecycle services for public- and private-sector infrastructure and industry clients. Company news commonly covers quarterly results, backlog and cash-return actions, as well as contract awards in transportation, water, energy, environmental, life sciences, advanced manufacturing, and cities and places markets.
Recurring updates also include mobility and transit design work, power transmission and distribution frameworks, flood resilience and AI-enabled infrastructure tools such as Flood IQ, and consulting assignments for cities, utilities and government agencies.
Jacobs (NYSE:J) and Morrison Energy Services have secured three contracts with National Grid for substations in Pembroke, Lackenby, and Bramley. The projects will enhance energy infrastructure under a six-year framework aimed at transitioning to sustainable energy in the U.K. Key initiatives include connecting Pembroke to the Greenlink interconnector and integrating the Dogger Bank C windfarm into the grid, facilitating 1.2GW of clean energy. The collaboration emphasizes Jacobs' and Morrison's commitment to supporting the U.K.'s renewable energy goals.
Jacobs has secured the ATOM-5 contract from NASA Ames Research Center, extending its 23-year collaboration. This $220 million, five-year contract, starting June 2, 2022, focuses on aerospace testing, facility operations, and IT support. Jacobs aims to enhance aeronautics and space technology, supporting NASA's Exploration Systems Development and the Space Launch System. With over 60 years in partnership with NASA, Jacobs' expertise in aerospace capabilities positions it for continued innovation in the sector.
Jacobs Engineering Group (NYSE: J) reported Q2 2022 financial results with revenue of $3.8 billion, up 8.1% year-over-year, and net revenue increasing 10.1%. Backlog rose by 8.7% to $27.8 billion. EPS from continuing operations stood at $0.68, while adjusted EPS was $1.72, a 4% increase. The company confirmed its full-year adjusted EBITDA forecast at $1,385 million to $1,435 million and adjusted EPS at $6.95 to $7.35.
This performance is driven by strong demand across sectors, with a focus on Climate Response and Data Solutions.
The Board of Directors of Jacobs (NYSE:J) has declared a quarterly cash dividend of $0.23 per share, payable on June 24, 2022, for shareholders of record as of May 27, 2022. Jacobs reported $14 billion in revenue and employs approximately 55,000 people, providing a range of professional services to both government and private sectors. This dividend reflects Jacobs' commitment to returning value to shareholders while maintaining a strong financial position.
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Jacobs (NYSE: J) is set to announce its fiscal second quarter 2022 earnings results on May 3, 2022, before market opening. A conference call will follow at 10:00 a.m. ET, providing insights into the company's performance and operational trends. Jacobs, with a revenue of $14 billion and around 55,000 employees, offers a wide range of services in consulting, technical, scientific, and project delivery for governmental and private sectors. Interested investors can access the call via a webcast on the Jacobs website.
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Jacobs (NYSE:J) has been chosen by PUB, Singapore's National Water Agency, to design and oversee the Changi NEWater Factory 3 (CNF3), a state-of-the-art water reclamation plant set to enhance Singapore's water security. CNF3 will feature innovative Membrane Bioreactor (MBR) technology and ROTEC's reverse osmosis flow reversal (FR-RO) technology, boosting NEWater recovery rates from 75% to 90%. The plant's construction is slated for 2022 completion, further solidifying Jacobs' commitment to sustainable water solutions. This aligns with Jacobs' previous projects, including the Changi WRP Phase 1.
Jacobs (NYSE:J) has been selected, along with General Electric and Westinghouse, for the preliminary phase of life extension work at the Sizewell B nuclear power station in the U.K. This initiative is part of a Long-Term Operation program aimed at extending the plant's lifespan by 20 years to 2055.
The first phase, estimated at $14 million, focuses on scoping and cost-benefit analysis to support a final investment decision by 2024. Sizewell B is a key asset in the U.K.'s energy infrastructure, contributing to significant zero carbon electricity generation.
Jacobs (NYSE:J) has been appointed by Singapore's PUB, the National Water Agency, to develop new greasy waste and food waste treatment facilities at the Changi Water Reclamation Plant. These facilities aim to enhance Singapore's waste treatment capabilities by co-digesting various waste types, thus maximizing biogas yield for electricity generation and reducing carbon emissions. The project is expected to double the greasy waste treatment capacity by 2025, with the GWTF treating 12,000 cubic meters of waste monthly. This initiative is part of Jacobs' commitment to sustainable engineering solutions.