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.

As government initiatives continue to channel significant funds into revitalizing America's infrastructure, the appeal of infrastructure stocks seems more vibrant than ever. A notable driver behind this excitement is the Infrastructure Investment and Jobs Act (IIJA), also known as the Bipartisan Infrastructure Law ( BIL ), signed into law in November 2021 and still running today.

Reports Strong Consolidated Q3 Margins  People & Places Solutions (P&PS) Record Backlog 1  Grows by Double Digits with Book-to-Bill Ratio 1.53x Delivered Strong P&PS and PA Consulting Operating Margin Performance Robust Cash Flow Performance; Executed $151M of Share Buybacks During Quarter DALLAS , Aug. 6, 2024 /PRNewswire/ -- Jacobs Solutions Inc. (NYSE: J) today announced its financial results for the fiscal third quarter ended June 28, 2024. Q3 2024 Highlights: Cash flow from operations of $483 million; expecting greater than 100% fiscal year reported free cash flow conversion1 EPS of $1.17, down 9% y/y; adjusted EPS from continuing operations1 of $1.96, up 11% y/y Backlog1 of $30.6 billion, up 6% y/y; gross profit in backlog1 up 5.5% y/y; book-to-bill 1.29x Record P&PS backlog1 of $19.3 billion, up 10.2% y/y; gross profit in backlog1 up 9% y/y; book-to-bill 1.53x PA Consulting backlog1 of $369 million, up 3.9% y/y P&PS operating margin on gross revenue of 10.6%, and adjusted operating margin of 15.3%1 on adjusted net revenue Jacobs' CEO Bob Pragada commented, "We are pleased to report that Jacobs has sustained its strong margin profile in the third quarter, reflecting our commitment to strategic, disciplined execution.

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.

Project will accelerate state and national clean hydrogen economy Supports energy transition efforts for entire value chain DALLAS , Aug. 1, 2024 /PRNewswire/ --  Jacobs (NYSE:J) was selected as Program Manager for the Alliance for Renewable Clean Hydrogen Energy Systems (ARCHES), a public private partnership (P3) establishing a statewide clean hydrogen hub (H2) in California, one of seven national hubs announced by the White House and recently granted funding by the U.S. Department of Energy Office of Clean Energy Demonstration (DOE OCED). The Program Management Office (PMO) will be responsible for standing up and providing ongoing support to the newly established ARCHES consortium.

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.

Contract incorporates Jacobs' data solutions to improve sewer system performance DALLAS , July 30, 2024 /PRNewswire/ -- Jacobs (NYSE: J) was contracted by Onondaga County, New York, to provide program management services for the county's combined sewer overflow (CSO) abatement and capacity, management, operations and maintenance programs. The new contract extends Jacobs' long-term program management role to cover the CSO program and improve sewer system performance county-wide using Jacobs' Digital OneWater solutions.

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.