Earnings Summary: Jacobs Solutions (J) reports Q4 2024 financial results

Jacobs Solutions Inc. (NYSE: J), a leading provider of technical professional services, Tuesday reported an increase in revenues and adjusted profit for the fourth quarter of 2024.

• Q4 revenue increased 4% year-over-year to $.3.0 billion; adjusted net revenue rose 4.3% in constant currency
• Net income attributable to the company was $325.4 million or $2.51 per share, compared to $149.4 million or $1.24 per share last year
• Adjusted earnings per share was $1.37 in the September quarter, up 28% year-over-year
• Adjusted EBITDA grew 12.5% annually to $289 million during the three months
• In Q4, the company recorded $187 million in mark-to-market gains on its investment in Amentum Holdings
• Backlog totaled $21.8 billion at the end of the quarter, up 22.5% YoY
• For fiscal 2025, the company expects adjusted net revenue to grow mid-to-high single digits annually
• Full-year adjusted EBITDA margin is expected to range from 13.8% to 14.0%; adjusted EPS is expected to range from $5.80 to $6.20