Jacobs Solutions Reports Robust Growth in 2024

Jacobs Solutions Inc. ( (J) ) has released its Q4 earnings. Here is a breakdown of the information Jacobs Solutions Inc. presented to its investors.

Jacobs Solutions Inc., a global provider of consulting, technical, and scientific services, operates across various industries including government and private sectors, with a strong focus on infrastructure and advanced facilities. The company recently reported robust financial results for the fiscal fourth quarter and fiscal year 2024, demonstrating significant growth in net income and earnings per share, alongside a successful business separation that has enabled a more focused operational strategy.

Jacobs Solutions has reported a 4.4% increase in revenue for the fourth quarter of 2024, reaching $3.0 billion, with a remarkable 333.1% rise in net income compared to the previous year. The fiscal year 2024 also saw a 6.0% increase in revenue, and net income surged by 61.6%. The company highlighted the completion of its separation transaction with Critical Mission Solutions and Cyber & Intelligence businesses, which has resulted in a new publicly traded company, Amentum.

Key financial metrics included a backlog growth of 22.5% year-over-year, reaching $21.8 billion, and a book-to-bill ratio of 1.67x for the fourth quarter. The adjusted EBITDA for the fiscal year stood at $1,059 million, reflecting an 8.9% growth. Jacobs’ strategic focus on high-value and high-margin portfolios, along with a simplified business structure, positions it for continued growth in the critical infrastructure, life sciences, and advanced manufacturing sectors.

Looking forward, Jacobs Solutions is optimistic about fiscal year 2025, anticipating mid-to-high single-digit growth in adjusted net revenue and an adjusted EBITDA margin of 13.8% to 14.0%. The company remains committed to returning significant free cash flow to shareholders while investing in organic growth and enhancing shareholder value.