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Jacobs tops quarterly estimates on strong demand for professional services
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Jacobs tops quarterly estimates on strong demand for professional services
Aug 5, 2025 4:53 AM

Aug 5 (Reuters) - Engineering services firm Jacobs

Solutions ( J ) beat Wall Street estimates for third-quarter

profit and revenue on Tuesday, boosted by steady demand in its

Infrastructure and Advanced Facilities (I&AF) as well as PA

Consulting segments.

Sustained demand for its professional services shielded the

Dallas, Texas-based company from macroeconomic uncertainty amid

an inflationary market and the ongoing global tariff war.

"This strong performance was fueled by higher revenue growth

rates in both segments as well as disciplined cost control," CFO

Venk Nathamuni said.

"We saw continued momentum in PA Consulting's business, with

revenue increasing 15% year-on-year in the third quarter as a

result of both higher public and private sector spending," CEO

Bob Pragada said.

The larger I&AF segment, which focuses on the engineering,

design and delivery of infrastructure projects, posted a 4% rise

in revenue from a year ago, driven by demand from life sciences,

data center, utilities and transportation end markets.

The company also narrowed its annual profit forecast to

range between $6.00 and 6.10 per share, compared with its prior

view of $5.85 to $6.20 per share.

Jacobs reported adjusted profit of $1.62 per share in the

third quarter, above analysts' average estimate of $1.55,

according to data compiled by LSEG.

Revenue for the quarter ended June 27 rose 5% to $3.03

billion, compared with estimates of $2.23 billion.

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