Jacobs beats profit estimates on strength in water and life sciences units

Jacobs Solutions

04/02/2025 12:41

Feb 4 (Reuters) - Engineering services provider Jacobs
Solutions  J.N  on Tuesday topped estimates for first-quarter
profit on higher revenue from its water and life sciences
businesses within its Infrastructure & Advanced Facilities
(I&AF) segment.
    The company's newly restructured I&AF segment, which
provides advisory and technical services to various industries,
has been benefiting from robust demand from life sciences
clients boosted by GLP-1 investments, as well as, from water
infrastructure clients.
    The segment's revenue rose nearly 5% in the quarter from a
year earlier.
    Jacobs offers a wide array of technical, professional and
construction services to clients in the industrial, commercial
and governmental sectors.
    The Dallas, Texas-based company posted a quarterly adjusted
profit of $1.33 per share, compared with analysts' average
estimate of $1.27, according to data compiled by LSEG.
    The company's total revenue climbed 4.4% to $2.93 billion,
compared with analysts' average estimate of $2.07 billion.
    Jacobs also announced a 2025 share buyback program on
Tuesday to repurchase $1.5 billion in shares annually through
2028.
    The company raised the lower limit of its full-year adjusted
profit forecast to a range of $5.85-$6.20 per share from its
earlier forecast of $5.80-$6.20.
    Shares of the company were up nearly 2% before the bell.

 (Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Vijay
Kishore)
 ((Aatreyee.Dasgupta@thomsonreuters.com;))