Jacobs Engr Group Inc Stock Price, News & Analysis

Jacobs has been appointed by Pulau Indah Power Plant Sdn Bhd to provide owner's engineer services for a 1,200 MW Combined Cycle Power Plant in Klang, Malaysia. This follows another contract for a 100 MW solar plant in Pekan, highlighting Jacobs' role in advancing low-carbon energy in Southeast Asia. The new plant aims to enhance power supply, attract industrial investments, and create jobs. Commercial operations are expected to start in January 2024, with Tenaga Nasional Berhad purchasing the power generated. The project utilizes advanced HA turbine technology for efficiency and lower emissions.

Jacobs (NYSE:J) has announced the acquisition of a 65% stake in PA Consulting, valuing the firm at £1.825 billion ($2.4 billion). The remaining 35% will remain with PA employees. This partnership aims to combine Jacobs' technological expertise with PA's consulting knowledge to address complex challenges in various sectors, including health and life sciences. The deal, expected to close by the end of Jacobs' fiscal Q2 2021, includes a £650 million ($845 million) term loan and a revolving credit facility of up to £100 million ($130 million) to support PA's growth.

Jacobs (NYSE:J) has appointed retired Army Lieutenant General Bruce T. Crawford as Senior Vice President of Strategic Development within its Critical Mission Solutions (CMS) line of business. Armed with over 34 years of experience in national security and information technology, Crawford aims to drive growth and innovation at Jacobs. He previously served as a key advisor to high-ranking Army officials. Jacobs reports approximately $14 billion in revenue and employs over 55,000 personnel, providing a wide range of professional services.

Jacobs has formed a strategic alliance with Biomimicry 3.8 (B3.8) to promote sustainable design practices. This collaboration introduces Positive Performance, an innovative assessment methodology aimed at helping clients enhance ecological health and community well-being. By leveraging nature-inspired solutions, Jacobs intends to lead in sustainability and regeneration. They are already collaborating on projects with notable organizations like Ford Motor Company and University of California at Davis Healthcare. Jacobs reported approximately $14 billion in revenue, demonstrating its significant market presence.

Jacobs (NYSE:J) has announced the acquisition of The Buffalo Group, enhancing its portfolio in cyber and intelligence solutions for government services. The Buffalo Group, based in Reston, VA, specializes in advanced analytics and technology capabilities in multi-domain environments, including cyber and space. Jacobs' CEO, Steve Demetriou, noted that this acquisition strengthens their national security solutions. The transaction's financial terms remain undisclosed, but it aims to create new opportunities within the Intelligence Community and U.S. Army operations.

Jacobs Engineering Group (NYSE: J) reported a strong performance for Q4 and fiscal year 2020. Q4 revenue reached $3.5 billion, a 3.7% increase year-over-year, with adjusted EPS of $1.63. The fiscal year revenue grew 6.5% to $13.6 billion, net earnings from continuing operations at $354 million, and adjusted EBITDA rose to $1.05 billion. Backlog increased by $1.2 billion to $23.8 billion. The company anticipates adjusted EPS of $5.20 to $6.00 for fiscal 2021, driven by the Focus 2023 initiative, expected to yield over $200 million in benefits.

Jacobs has launched a new cloud-based platform, Pavy, designed to enhance airfield asset management. Following successful trials worldwide, the platform aims to assist airport operators in making strategic, cost-effective decisions about airfield pavements, especially crucial in light of COVID-19. Developed from principles established at Heathrow Airport, Pavy enables airports to better plan pavement investments and optimize capital expenditures over five years, thereby improving funding requests and balancing costs with performance.

Jacobs (NYSE:J) has been appointed to Melbourne Water's Engineering Services Panel, becoming one of only two consultants selected. Over an initial three-year term, potentially extendable up to seven years, Jacobs will provide engineering consulting services, including strategic planning and feasibility studies. This partnership aims to enhance project outcomes and address urban challenges such as population growth and climate change. Jacobs, with $13 billion in revenue and over 55,000 employees, seeks to improve water resilience and community livability for Melburnians.