Jacobs Engr Group Inc Stock Price, News & Analysis

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.

Jacobs (NYSE:J) has been awarded contracts to provide engineering services for the Jacksonville Port Authority (JAXPORT), the largest container port in Florida, as it deepens its shipping channel to accommodate larger vessels. The project will enhance JAXPORT's cargo and cruise terminals over a three-year period, with potential renewals for two additional years. JAXPORT contributes significantly to the local economy, generating 138,000 jobs and over $31 billion annually in economic impact. Jacobs reported $13 billion in revenue and employs over 55,000 people globally.

Jacobs (NYSE:J) is set to release its fiscal fourth quarter 2020 earnings on November 24, 2020, before market opening. A conference call will be held at 10:00 a.m. ET to discuss the financial results and operating trends. Jacobs reported $13 billion in revenue and employs over 55,000 professionals, offering a diverse range of services in consulting and project delivery for both government and private sectors. Interested parties can access the conference via jacobs.com.

Jacobs (NYSE:J) has been selected to lead an international consortium for the INCEFA-SCALE program, aimed at extending the operational lifespan of nuclear power plants. This $8.1 million European Union-funded initiative will address gaps in environmental fatigue assessment of critical components in nuclear reactors. By utilizing extensive data mining and testing, the program seeks to enhance the understanding of component performance, potentially preventing unnecessary plant closures.

Jacobs (NYSE:J) has secured a position on Affinity Water's River Restoration Framework, valued at $4 million (GBP £3 million), to manage and design river restoration projects across 14 catchments in England from 2020 to 2025. This multidisciplinary effort aims to enhance environmental conditions, supporting regulatory compliance and sustainable water use. Jacobs' team of experts will focus on improving water quality and biodiversity while engaging with local communities. The initiative aligns with the company's broader goals of driving sustainable infrastructure solutions.