Categories Earnings, Technology

Earnings Summary: Jacobs Solutions reports Q4 2023 financial results

Jacobs Solutions Inc. (NYSE: J), a leading provider of technical professional services, has reported an increase in fourth-quarter revenues. The company also provided guidance for fiscal 2024

  • Q4 revenue was $4.3 billion, up 10.5% year-over-year; adjusted net revenue rose 7.3% in constant currency
  • Net earnings and EPS from continuing operations came in at $150 million and $1.25, respectively
  • Adjusted earnings per share from continuing operations was $1.90
  • Cash flow from operations at the end of the quarter was $219 million, and free cash flow was $180 million
  • Backlog increased $1.2 billion to $29.1 billion, up 4% year-over-year
  • For fiscal 2024, the company expects adjusted EBITDA in the range of $1.53 billion to $1.60 billion
  • Full-year adjusted EPS is expected to be in the range of $7.70 to $8.20, up 9% and 10% at the midpoints, respectively

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