Business
Jacobs Reports Strong Fiscal Second Quarter 2025 Results
Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal second quarter ended March 28, 2025.
About this update from Jacobs Solutions Inc.
[{"type":"text","content":"Backlog Grows by 20% Year-Over-Year with TTM Book-to-Bill Ratio of 1.3x","length":76,"tagName":"p","attribs":{}},{"type":"text","content":"Repurchased $351 Million of Jacobs Shares During Q2 and $552 Million in First Half of FY25","length":90,"tagName":"p","attribs":{}},{"type":"text","content":"Exited Company's Retained Stake in AMTM and Announced May 30th Distribution of Remaining Shares","length":99,"tagName":"p","attribs":{}},{"type":"text","content":"Reaffirming FY 2025 Guidance","length":28,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, May 6, 2025 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal second quarter ended March 28, 2025.","length":157,"tagName":"p"},{"type":"text","content":"Q2 2025 Highlights1:","length":25,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Gross revenue of $2.9 billion grew 2.2% y/y; adjusted net revenue2 up 3.1% y/y","length":78,"tagName":"p"}]},{"val":[{"type":"text","content":"Revenue and profit adversely impacted by a reserve following an interim ruling against a consolidated JV in Q2 2025","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP net earnings of $11.2 million; adjusted EBITDA2 of $287 million","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Recorded $109.5 million in mark-to-market losses on Amentum (AMTM) investment, reducing Q2 2025 GAAP net income and EPS","length":119,"tagName":"p"}]},{"val":[{"type":"text","content":"EPS of $0.10; adjusted EPS2 of $1.43","length":36,"tagName":"p"}]},{"val":[{"type":"text","content":"Backlog of $22.2 billion, up 20.0% y/y; Q2 book-to-bill 1.1x (1.3x TTM)","length":71,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":487,"olType":false},{"type":"text","content":"Jacobs' Chair and CEO Bob Pragada commented, "We ended the first half of FY25 with solid performance across our business, led by strong Life Sciences, Transportation and Energy & Power revenue growth within Infrastructure & Advanced Facilities (I&AF). Additionally, we saw strong results in PA Consulting, with revenue growth increasing to 5% in the second quarter, driving 12% operating profit growth for the segment. As we look ahead to the second half of the fiscal year, we continue to see tailwinds in both segments fr...