Jacobs Solutions 2Q Earnings Drop; Reaffirms Full-Year Outlook on Robust Bookings

Dow Jones

May 06, 2025

By Josee Rose

Jacobs Solutions fiscal second-quarter results fell but the company backed its full-year guidance.

The provider of engineering, technical, professional, and construction services said net income for the quarter ended March 28 dropped to $5.61 million, or 10 cents a share, from $162.1 million, or 73 cents a share, a year earlier.

Analysts polled by Factset had expected earnings of $1.23 a share.

On an adjusted basis, earnings were $1.43 a share, compared with analyst expectations of $1.39 a share.

Revenue rose to $2.91 billion, while analysts had expected revenue of $3 billion.

The quarter was hurt by higher expenses and included a loss on the extinguishment of debt, and the company said its bottom line was hurt from "an adverse interim ruling against a consolidated JV in which the company holds a 50% interest."

The backlog at the end of the quarter was $22.2 billion, up 20% from a year earlier.

Looking ahead, Jacobs Solutions reaffirmed its fiscal-year outlook. Chair and CEO Bob Pragada said in a statement the company expects "tailwinds in both segments from robust bookings as well as a healthy pipeline of opportunities across our end markets."

The company still expects adjusted earnings of $5.85 to $6.20 a share and adjusted revenue to grow mid-to-high single digits from fiscal 2024.

Analysts are expecting full-year adjusted earnings of $1.69 a share.

Write to Josee Rose at josee.rose@wsj.com

(END) Dow Jones Newswires

May 06, 2025 07:13 ET (11:13 GMT)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2533689544"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2533689544\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2533689544?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-06 19:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2533689544","market":"nz","top_or_hot":-1,"title":"Jacobs Solutions 2Q Earnings Drop; Reaffirms Full-Year Outlook on Robust Bookings","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Josee Rose \n</p>\n<pre>\n \n</pre>\n<p>\n  Jacobs Solutions fiscal second-quarter results fell but the company backed its full-year guidance. \n</p>\n<p>\n  The provider of engineering, technical, professional, and construction services said net income for the quarter ended March 28 dropped to $5.61 million, or 10 cents a share, from $162.1 million, or 73 cents a share, a year earlier. \n</p>\n<p>\n  Analysts polled by Factset had expected earnings of $1.23 a share. \n</p>\n<p>\n  On an adjusted basis, earnings were $1.43 a share, compared with analyst expectations of $1.39 a share. \n</p>\n<p>\n  Revenue rose to $2.91 billion, while analysts had expected revenue of $3 billion. \n</p>\n<p>\n  The quarter was hurt by higher expenses and included a loss on the extinguishment of debt, and the company said its bottom line was hurt from \"an adverse interim ruling against a consolidated JV in which the company holds a 50% interest.\" \n</p>\n<p>\n  The backlog at the end of the quarter was $22.2 billion, up 20% from a year earlier. \n</p>\n<p>\n  Looking ahead, Jacobs Solutions reaffirmed its fiscal-year outlook. Chair and CEO Bob Pragada said in a statement the company expects \"tailwinds in both segments from robust bookings as well as a healthy pipeline of opportunities across our end markets.\" \n</p>\n<p>\n  The company still expects adjusted earnings of $5.85 to $6.20 a share and adjusted revenue to grow mid-to-high single digits from fiscal 2024. \n</p>\n<p>\n  Analysts are expecting full-year adjusted earnings of $1.69 a share. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josee Rose at josee.rose@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 06, 2025 07:13 ET (11:13 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jacobs Solutions 2Q Earnings Drop; 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Chair and CEO Bob Pragada said in a statement the company expects \"tailwinds in both segments from robust bookings as well as a healthy pipeline of opportunities across our end markets.\" \n</p>\n<p>\n  The company still expects adjusted earnings of $5.85 to $6.20 a share and adjusted revenue to grow mid-to-high single digits from fiscal 2024. \n</p>\n<p>\n  Analysts are expecting full-year adjusted earnings of $1.69 a share. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josee Rose at josee.rose@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 06, 2025 07:13 ET (11:13 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"J","symbol_name":"雅各布工程","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533689544","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533689544","pubTimestamp":1746529980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Jacobs Solutions fiscal second-quarter results fell but the company backed its full-year guidance.The provider of engineering, technical, professional, and construction services said net income for the quarter ended March 28 dropped to $5.61 million, or 10 cents a share, from $162.1 million, or 73 cents a share, a year earlier.Analysts polled by Factset had expected earnings of $1.23 a share.On an adjusted basis, earnings were $1.43 a share, compared with analyst expectations of $1.39 a share.Revenue rose to $2.91 billion, while analysts had expected revenue of $3 billion.The quarter was hurt by higher expenses and included a loss on the extinguishment of debt, and the company said its bottom line was hurt from \"an adverse interim ruling against a consolidated JV in which the company holds a 50% interest.\". The backlog at the end of the quarter was $22.2 billion, up 20% from a year earlier.Looking ahead, Jacobs Solutions reaffirmed its fiscal-year outlook. Chair and CEO Bob Pragada sai","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"J":"雅各布工程"},"translate_title":"Jacobs Solutions第二季度盈利下降；重申全年强劲预订前景","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"J":0.9},"content_text":"By Josee Rose \n\n\n \n\n\n  Jacobs Solutions fiscal second-quarter results fell but the company backed its full-year guidance. \n\n\n  The provider of engineering, technical, professional, and construction services said net income for the quarter ended March 28 dropped to $5.61 million, or 10 cents a share, from $162.1 million, or 73 cents a share, a year earlier. \n\n\n  Analysts polled by Factset had expected earnings of $1.23 a share. \n\n\n  On an adjusted basis, earnings were $1.43 a share, compared with analyst expectations of $1.39 a share. \n\n\n  Revenue rose to $2.91 billion, while analysts had expected revenue of $3 billion. \n\n\n  The quarter was hurt by higher expenses and included a loss on the extinguishment of debt, and the company said its bottom line was hurt from \"an adverse interim ruling against a consolidated JV in which the company holds a 50% interest.\" \n\n\n  The backlog at the end of the quarter was $22.2 billion, up 20% from a year earlier. \n\n\n  Looking ahead, Jacobs Solutions reaffirmed its fiscal-year outlook. Chair and CEO Bob Pragada said in a statement the company expects \"tailwinds in both segments from robust bookings as well as a healthy pipeline of opportunities across our end markets.\" \n\n\n  The company still expects adjusted earnings of $5.85 to $6.20 a share and adjusted revenue to grow mid-to-high single digits from fiscal 2024. \n\n\n  Analysts are expecting full-year adjusted earnings of $1.69 a share. \n\n\n \n\n\n  Write to Josee Rose at josee.rose@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 06, 2025 07:13 ET (11:13 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}