Jacobs reports Q1 adjusted EPS $2.02, consensus $1.51

Reports Q1 revenue $4.16B, consensus $3.67B. Reports backlog of $29.6B, up 4.7%. Jacobs’ CEO Bob Pragada commented, “We kicked off fiscal 2024 with strong performance, underpinned by robust organic revenue growth in our People and Places Solutions (P&PS) business, reflecting the broad-based strength that we see in global infrastructure and sustainability investment. We are diligently working to create a leaner operating model that delivers higher growth, higher margin value for our stakeholders by focusing on disciplined execution and project delivery excellence. Aligned with our position as a global leader in science-based, digitally-enabled solutions, our portfolio remains resilient. We are pleased with the progress we continue to make toward the merger of our Critical Mission Solutions (CMS) and Cyber & Intelligence businesses with Amentum as we look to stand up two independent companies.”