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. (NYSE: J) regularly issues news covering its work in water and environmental systems, life sciences and advanced manufacturing, and critical infrastructure. Company announcements highlight contract awards, program milestones, strategic transactions, financial results and board-level decisions that shape its role as a global professional services and solutions provider.
Recent news has featured new engineering and program management contracts for water and wastewater infrastructure in U.S. cities, including projects to expand treatment capacity, rehabilitate groundwater wells, upgrade stormwater systems and support regional growth. Jacobs also reports on transportation programs such as the Logan and Gold Coast Faster Rail Project in Queensland, Australia, where it serves as Project Independent Certifier for major rail upgrades.
In advanced facilities and digital infrastructure, Jacobs’ news flow includes appointments as engineering, procurement and construction management lead for large-scale AI and high-performance computing data centers, as well as owner’s representative roles for quantum computing facilities in North America and Australia. These updates illustrate how the company applies its engineering, program management and digital capabilities to emerging technology markets.
Investors and followers of J can also expect regular news on earnings releases, financial performance, dividends, strategic initiatives with PA Consulting, and governance developments such as director appointments. Together, these items provide insight into Jacobs’ operating trends, market focus and long-term strategy. For those tracking the stock or the company’s role in infrastructure, water, energy, transportation and advanced manufacturing, the news page offers an ongoing view of key developments and project activity.
Jacobs Engineering Group reported Q3 2020 financial results with gross revenue of $3.3 billion, a 2.9% increase year-over-year. Net revenue decreased by 4% to $2.7 billion. The company achieved an EPS of $1.73, up from $0.65 in Q3 2019. Adjusted EPS was $1.26, down from $1.40, reflecting a $28 million decline in adjusted net earnings. Backlog increased by $1.2 billion to $23.7 billion. Jacobs revised its FY 2020 outlook, expecting adjusted EBITDA of $1 billion to $1.05 billion and adjusted EPS of $5.05 to $5.30.
Jacobs' ion platform leverages IIoT technology to facilitate safe on-site work environments amid COVID-19. This automated solution supports contact tracing and monitors social distancing for a global client, significantly improving operational safety. The platform integrates various technologies into a Software as a Service model, enhancing personnel accountability and security. Jacobs reported $13 billion in revenue and employs over 55,000. This innovation positions Jacobs as a leader in construction and manufacturing solutions during unprecedented times.
Jacobs (NYSE:J) has secured a contract from the U.S. Air Force Life Cycle Management Center valued at up to $455M for the operations, maintenance, and sustainment (OM&S) of critical systems at the NORAD Cheyenne Mountain Complex. The contract, effective from June 25, 2020, spans six years and supports Command and Control systems across multiple Air Force bases. Jacobs emphasizes its commitment to enhancing U.S. Air Force capabilities in facing threats and maintaining space situational awareness. The company reported $13 billion in revenue and employs over 55,000 people.
Jacobs (NYSE:J) announced new leadership roles for Ken Gilmartin and Patrick Hill in its People & Places Solutions (P&PS) line of business, effective August 1, 2020. Gilmartin will lead the Americas and global Advanced Facilities from Philadelphia, while Hill will oversee operations in Europe, Middle East, Africa, Asia, Australia, and New Zealand from London. Both executives will join Jacobs' leadership team and are expected to enhance P&PS’ strategy and client solutions, which include facilities for life-saving therapies, clean water, and smart environments.
Jacobs (NYSE:J) has partnered with Australian rail group John Holland to provide design and construction services for the More Trains, More Services project in Sydney, valued at approximately $195 million AUD. This initiative aims to upgrade critical infrastructure along the T4 Illawarra, T8 Airport, and South Coast lines, enhancing reliability and service frequency for commuters. Construction is expected to begin mid-2020, ahead of improvements slated for late 2022. The project is part of the New South Wales Government's modernization program over the next decade.
On July 20, 2020, Jacobs (NYSE:J) announced the development of a new COVID-19 modeling software utilizing probabilistic techniques and various datasets to aid clients in assessing virus propagation and implementing safety measures. This model supports decision-making for public transportation and capital projects, allowing clients to explore different scenarios. It has been reviewed by the University of Cambridge and is already assisting Network Rail High Speed in the U.K. The company's revenue stands at $13 billion with over 55,000 employees.
Jacobs (NYSE:J) is set to announce its fiscal third quarter 2020 earnings results before market open on August 3, 2020. A conference call will follow at 12:00 p.m. ET, during which management will discuss the company's performance and operational trends. Jacobs reported $13 billion in revenue and employs over 55,000 staff, providing a wide range of professional services for various sectors. Investors and interested parties can access the call via a webcast.
Jacobs (NYSE:J) has been selected by Hanwha Energy Corporation to provide owner's engineer services for a new 100 MWac solar photovoltaic power plant in Pekan, Malaysia. This project, expected to commence operations in 2021, is part of Malaysia's initiative to diversify its energy sources, aiming to boost renewable energy from 2% to 20% by 2030. Jacobs has previously contributed to phases I and II of Malaysia's Large-Scale Solar program, further solidifying its role in advancing sustainable energy in the region.
On July 8, 2020, Jacobs (NYSE:J) announced a significant milestone in collaboration with NASA's Exploration Ground Systems Program at Kennedy Space Center. The motor segments of the Solid Rocket Boosters (SRB) arrived at KSC on June 15, 2020, pivotal for NASA's Artemis I mission, aimed at human deep space exploration. Jacobs, serving as NASA's largest services contractor, will handle final inspections and integration of the SRB components. Each SRB segment will deliver 3,600,000 pounds of thrust, contributing to the SLS rocket's power. Jacobs reported $13 billion in revenue and was recognized as KSC's Large Business Prime Contractor of the Year for 2019.
Jacobs (NYSE:J) has been selected to manage the rehabilitation of the Koramangala & Challaghatta Valley Used Water Treatment Plant in India for the Bangalore Water Supply and Sewerage Board. This project aims to enhance the facility's capacity to treat 248 million litres of water per day, including the establishment of a new biosolids management facility. Completion is expected by 2022, providing treated water for irrigation in water-stressed regions. The initiative supports BWSSB's vision for a circular water economy in Bangalore.