Feb 4 (Reuters) - Engineering services provider Jacobs

Solutions ( J ) on Tuesday topped estimates for first-quarter

profit on higher revenue from its water and life sciences

businesses within its Infrastructure & Advanced Facilities

(I&AF) segment.

The company's newly restructured I&AF segment, which

provides advisory and technical services to various industries,

has been benefiting from robust demand from life sciences

clients boosted by GLP-1 investments, as well as, from water

infrastructure clients.

The segment's revenue rose nearly 5% in the quarter from a

year earlier.

Jacobs offers a wide array of technical, professional and

construction services to clients in the industrial, commercial

and governmental sectors.

The Dallas, Texas-based company posted a quarterly adjusted

profit of $1.33 per share, compared with analysts' average

estimate of $1.27, according to data compiled by LSEG.

The company's total revenue climbed 4.4% to $2.93 billion,

compared with analysts' average estimate of $2.07 billion.

Jacobs also announced a 2025 share buyback program on

Tuesday to repurchase $1.5 billion in shares annually through

2028.

The company raised the lower limit of its full-year adjusted

profit forecast to a range of $5.85-$6.20 per share from its

earlier forecast of $5.80-$6.20.

Shares of the company were up nearly 2% before the bell.