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Stock impact report

Jacobs Reports Fiscal Second Quarter 2024 Earnings [Yahoo! Finance]

Jacobs Solutions Inc. (J) 
Last jacobs solutions inc. earnings: 2/4 06:40 am Check Earnings Report
Company Research Source: Yahoo! Finance
Operating Profit down 3% Year-Over-Year, Adjusted Operating Profit up 10% Repurchased $95M in Shares During the Second Quarter Narrows Fiscal 2024 Adjusted EBITDA and Adjusted EPS Range DALLAS May 7, 2024 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal second quarter ended March 29, 2024. Q2 2024 Highlights: Revenue of $4.3 billion up 4.7% y/y; adjusted net revenue increased 2.9% y/y Record P&PS operating margin of 10.6%, and record adjusted operating margin of 15.3% Backlog of $29.4 billion , up 1.5% y/y; gross profit in backlog up 3.7% y/y EPS of , down 24% y/y; adjusted EPS from continuing operations of , down 7% y/y, each driven by a per share discrete tax benefit in prior period Six month ended March 29, 2024 , cash flow from operations of $376 million ; continue to expect greater than 100% fiscal year reported free cash flow conversion Jacobs' CEO Bob Pragada commented, "I am pleased to report a solid perf Show less Read more
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