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DALLAS - Jacobs (NYSE: J), a global provider of technical professional services with a market capitalization of $15 billion, has been selected for a U.S. General Services Administration (GSA) One Acquisition Solution for Integrated Services Plus (OASIS+) Multi-Agency Contract (MAC). This contract enables Jacobs to offer a wide array of services to various U.S. federal agencies on an international scale. According to InvestingPro data, the company maintains a FAIR financial health score, positioning it well for government contracting opportunities.
The company will bring its expertise to bear in delivering integrated service solutions, including management and advisory services, environmental support, as well as engineering and technical assistance. The contract is designed to be flexible, catering to the specific needs of different federal agencies.
Jacobs Executive Vice President Susannah Kerr stated, "This award reflects our commitment to meet their evolving needs and address increasingly complex service requirements with comprehensive solutions." The company has a history of over two decades in supporting federal projects, emphasizing its long-standing relationship with government clients.
Recently, Jacobs has achieved notable successes, including contracts related to environmental compliance and architectural and engineering services for the U.S. Navy and Air Force. Their portfolio also boasts contributions to the National Parks Service, energy and water services for the Library of Congress, coastal resilience for Tyndall Air Force Base, and construction management for the Los Angeles Federal Courthouse.
The firm’s industry recognition includes top rankings by Engineering News-Record in 2024, being No. 1 in Government Office Design, and holding other high positions in construction management and environmental services.
Jacobs, with precise revenues of $11.6 billion in the last twelve months and nearly 45,000 employees, positions itself as a leader in delivering solutions for advanced manufacturing, urban development, energy, environmental, life sciences, transportation, and water sectors. The company aims to create a more sustainable world through its comprehensive services. InvestingPro analysis reveals the company has raised its dividend for 6 consecutive years, with an impressive 23% dividend growth in the last year. Based on InvestingPro’s Fair Value analysis, the stock currently trades near its fair value. Discover more insights about Jacobs and 1,400+ other stocks through comprehensive Pro Research Reports available on InvestingPro.
The announcement contains forward-looking statements that involve certain risks and uncertainties. Factors such as governmental spending, tax laws, economic conditions, and geopolitical tensions could impact the company’s future results. Analysts maintain a moderately bullish outlook, with price targets ranging from $123 to $175 per share. Track Jacobs’ performance metrics and access detailed financial analysis through InvestingPro, which offers 6 additional key insights about the company’s financial health and growth prospects.
This news is based on a press release statement. Jacobs has not provided further details on the financial implications of the contract or specific projects that might arise from this new partnership.
In other recent news, Jacobs has secured a substantial $1.5 billion contract with the U.S. Air Force to provide architecture and engineering services globally. This contract supports environmental restoration and conservation efforts across U.S. Air Force installations and other federal agencies. Additionally, Jacobs has been awarded a $137 million contract to manage infrastructure projects in the U.S. Virgin Islands, focusing on rebuilding efforts after hurricanes Irma and Maria. In financial developments, Jacobs Solutions Inc. has entered into a new term loan agreement, securing $200 million and £410 million from Bank of America, N.A., to refinance existing obligations. The company has also been chosen by PsiQuantum to assist in developing a utility-scale quantum computer in Brisbane, Australia.
KeyBanc has maintained its Sector Weight rating on Jacobs Engineering stock, following discussions with the company’s executives about strategic goals, including projected revenue growth and margin expansion. These recent developments highlight Jacobs’ ongoing engagement in diverse projects and strategic financial management. The firm’s continued involvement in significant contracts and projects reflects its expertise and adaptability in various sectors.
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