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Jacobs Solutions Inc. (NYSE:J ) Q3 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Ayan Banerjee - Senior Vice President of Investor Relations and Finance Bob Pragada - Chief Executive Officer Kevin Berryman - Special Adviser to Chief Executive Officer Venk Nathamuni - Chief Financial Officer Conference Call Participants Michael Dudas - Vertical Research Andy Kaplowitz - Citigroup Steven Fisher - UBS Sabahat Khan - RBC Capital Markets Andy Wittmann - Baird Bert Subin - Stifel Jamie Cook - Truist Securities Sangita Jain - KeyBanc Capital Markets Chad Dillard - Bernstein Jerry Revich - Goldman Sachs Louie DiPalma - William Blair Operator Thank you for standing by. My name is Krista, and I will be your conference operator today.
Jacobs' (J) fiscal third-quarter 2024 results reflect broad-based strength in global infrastructure and sustainability investment.
The headline numbers for Jacobs Solutions (J) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Jacobs Solutions (J) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $1.82 per share a year ago.
Digital & technological solutions and growth in infrastructural efforts are likely to have been reflected in Jacobs' (J) fiscal third-quarter results. However, higher expenses might have been a headwind.
Besides Wall Street's top -and-bottom-line estimates for Jacobs Solutions (J), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.
Jacobs Solutions (J) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Infrastructure stocks remain quite popular among investors, especially with government initiatives in recent years poised to inject massive funding into the sector. Central to this boom is the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law (BIL), signed in November 2021.
Jacobs Solutions has significant exposure to the growing infrastructure sector, with 13.6% growth in the Q1 critical infrastructure business unit. Growing sectors such as Infrastructure, semiconductor, pharma & life sciences, and data center growth make business valuation appealing at 17 times 2024 earnings. Shareholders will be rewarded through an increasing dividend, growing at 11.4% CAGR over the past five years, and opportunistic share repurchases.
Jacobs (J) secures a major contract to upgrade critical King County infrastructure.
Jacobs (J) is set to lead the $1.2 billion FUJIFILM site expansion, boosting biotech capacity.