J's involvement in one of the world's largest solar firms boosts its renewable energy portfolio.
Jacobs Solutions Inc. (NYSE:J ) Q4 2024 Earnings Conference Call November 19, 2024 10:00 AM ET Company Participants Bert Subin - SVP, IR Bob Pragada - CEO Venk Nathamuni - CFO Conference Call Participants Michael Dudas - Vertical Research Steven Fisher - UBS Andrew Wittmann - Baird Sabahat Khan - RBC Capital Markets Natalia Bach - Citigroup Sangita Jain - KeyBanc Capital Markets Chad Dillard - Bernstein Jerry Revich - Goldman Sachs Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.
I reiterate a “Strong Buy” rating for Jacobs Solutions Inc. with a one-year price target of $164 per share due to robust growth prospects. Jacobs reported 22.5% backlog growth and 4.3% adjusted revenue growth in Q4, driven by strong performance in Infrastructure and Advanced Facilities. The spin-off of Critical Mission Solutions and Cyber & Intelligence businesses allows Jacobs to focus on core sustainability operations and improve margins.
J's fiscal Q4 results reflect strong sequential growth in net income and adjusted EBITDA margins, given broad-based strength in global infrastructure and sustainability investment.
J's world-class experience in integrated mass transit systems is set to help The CA achieve its vision of bringing Mass Transit to the European region.
J's fiscal fourth-quarter results are likely to reflect growth within high-margin consulting, water infrastructure, and advanced facilities like life sciences and semiconductor manufacturing amid higher expenses.
J's digital and data-driven solutions are set to strengthen water and wastewater services in California to drive efficiency.
J's work on San Juan's airport upgrades is set to enhance its position in global infrastructure.
J is set to gain from another boost in its backlog from the new contract by Sydney Water for the USCN program with Seymour Whyte.
J partners with CG Semi to design a cutting-edge semiconductor facility in India.
J secures a key contract with Soquel Creek Water District to drive water sustainability.
J stock is set to benefit from a boost in the backlog, thanks to the CCUS program from DESNZ.