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Jacobs beats quarterly results on higher infrastructure services demand
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Jacobs beats quarterly results on higher infrastructure services demand
May 26, 2025 1:54 AM

May 6 (Reuters) - Engineering services provider Jacobs

Solutions ( J ) on Tuesday beat Wall Street estimates for

second-quarter profit and revenue, led by higher sales in its

larger Infrastructure & Advanced Facilities segment.

The segment, which caters to the utilities, infrastructure

and biopharmaceutical end markets, benefited from strong demand

from clients in the life sciences, transportation and energy

sectors.

The company's total revenue rose 2.2% to $2.91 billion in

the reported quarter from a year ago, compared with analysts'

average estimate of $2.18 billion, according to data compiled by

LSEG.

Adjusted profit came in at $1.43 per share in the quarter

ended March 28, beating estimates of $1.39.

Jacobs is involved in offering a wide array of technical,

professional and construction services to clients in the

industrial, commercial and governmental sectors.

The company stands to benefit from the push for reshoring

manufacturing and business in the U.S. under the Trump

administration, as companies look to shift global supply chains

in response to ongoing tariff pressures.

It posted a 20% year-over-year rise in second quarter

backlogs and a book-to-bill ratio of 1.1x which suggests higher

demand as more bookings were received than billed.

"As we look ahead to the second half of the fiscal year, we

continue to see tailwinds in both segments from robust bookings

as well as a healthy pipeline of opportunities across our end

markets," said CEO Bob Pragada.

Jacobs maintains its annual adjusted net revenue forecast to

grow mid-to-high single digits over fiscal 2024, and adjusted

profit to range from $5.85 to $6.20 per share.

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