Jacobs Solutions Inc. (J) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

telephone keypad. And if you'd like to withdraw your question, press the star one again. Thank you. And I would now like to turn the conference over to Bert Supin, Senior Vice President, Investor Relations. Bert, you may begin. Thank you, Krista, and good morning, everyone. Our earnings announcement and 10Q were filed this morning, and we have posted a slide presentation on our website, which we'll reference during the call. I would like to refer you to slide two of the presentation material for information about our forward-looking statements, non-GAAP financial measures, and operating measures. Now let's turn to the agenda on slide three. Speaking on today's call will be Jacobs Chair and CEO Bob Pergata and CFO of Bank, Nathan Muni. Bob will begin by providing comments on the business as well as highlights from our second quarter results and a recap of notable awards. Bank will then provide a detailed review of our financial performance, including commentary on end market trends, cash flows, and balance sheet data. Finally, Bob will provide closing remarks, and then we'll open up the call for questions. With that, I'll turn it over to our chair and CEO, Bob Vergata. Good day, everyone, and thank you for joining us to discuss our second quarter 2025 business performance. I'm pleased to begin today's call by highlighting several key milestones we achieved in the separation of our former CMS and CNI businesses during March and April. This includes completing the planned equity for debt exchange and finalizing the remaining post-closing adjustments. These actions enabled us to exit our retained stake, reduce outstanding indebtedness, and on May 30th, we will make a final distribution of Momentum shares to our shareholders. While we will continue to provide transition s...