Jacobs - First Quarter 2024 Highlights
Jacobs, a global firm ranked #1 in the ENR 2023 Top 500 Design Firms, has reported revenue growth, highlighting significant advances in the worldwide infrastructure, sustainability, and life sciences sectors. With a 9.5% revenue increase driven by crucial segments like People & Places Solutions and Critical Mission Solutions, the company is capitalizing on growth markets and strategic initiatives. Investments in chip manufacturing and digital solutions, alongside the formation of two independent companies, PA Consulting and Critical Infrastructure, showcase a strategic pivot towards science-based, digitally-enabled solutions, positioning Jacobs for future growth and market leadership.
Revenue:
Increased by 9.5% from last year.
Revenue Sources:
People & Places Solutions: 50%
Critical Mission Solutions: 34%
Divergent Solutions: 6%
PA Consulting: 9%
Backlog:
Jacobs reported a 5% increase in backlog from last year, with water bookings surging by 3 %. The company addresses global water scarcity challenges through innovative solutions such as water reuse, groundwater management, and desalinization. With recent regulatory advancements in potable reuse in the Americas and involvement in significant projects like TSMC's new semiconductor facility in Arizona, Jacobs continues to lead in sustainable water management practices.
Pipeline:
Not specified
Growth Markets:
Global Infrastructure and Sustainability: Investments continue to grow.
Life Sciences Sector: Remains strong; positive outlook on Tier 1 client discussions.
GLP-1 Portfolio: Strong performance; Novo's acquisition of Catalent highlights retrofitting opportunities.
Chip Manufacturing: A new cycle upswing and increased R&D for AI-driven high-powered chips.
Digital Solutions: There is a high demand for science-based, digitally-enabled solutions.
Initiatives: Forming two independent companies: PA Consulting and Critical Infrastructure
PA Consulting: Jacobs retains a 65% stake in the firm, and PA employees hold the rest.
Merging Critical Mission Solutions with Amentum for a new public company, aiming to close in the second half of fiscal year 20. Amentum was formed in 2020 from the spinout of AECOM's Management Services / federal group.
