Nucor earnings beat by $0.08, revenue fell short of estimates
DALLAS - Jacobs (NYSE: J), a global professional services firm with a market capitalization of $15.25 billion and impressive revenue growth of 35.39% over the last twelve months, has been selected to partner on the Marinus Link project, an undersea and underground electricity interconnector intended to enhance energy security and support renewable energy in Australia. The project, which spans approximately 214 miles between Tasmania and Victoria, is designed to transmit electricity and telecommunications, reinforcing the National Electricity Market. According to InvestingPro analysis, Jacobs maintains a strong financial position with a healthy current ratio of 1.5, indicating solid operational efficiency.
As the Integrated Delivery Partner, Jacobs will manage the initial stage of the 1500-megawatt capacity project, which could power up to 1.5 million homes. The company will oversee technical engineering, construction, and governance structures for the high-voltage direct current (HVDC) cable and associated substations.
Patrick Hill, Jacobs President of Global Operations, emphasized the project’s alignment with global energy needs for reliable, affordable, and low-emission solutions. He highlighted the role of Marinus Link in increasing access to low-carbon energy sources in Tasmania, contributing to Australia’s decarbonization efforts.
Stephanie McGregor, Marinus Link CEO Designate, pointed out the project’s classification as urgent in the Australian Energy Market Operator’s national grid plan and its listing as a decarbonization priority by the Australian Government.
The interconnector is expected to deliver low-cost renewable power, expand transmission and fiber capacity, and drive investment in clean energy industries. It is projected to create 3,300 jobs and generate $3.9 billion in economic growth.
Jacobs, with a revenue of $11.69 billion and nearly 45,000 employees, is involved in various global energy infrastructure projects. These include Suedlink in Europe, Xcel Energy’s transmission program in the U.S., and MTerra Solar in the Philippines. InvestingPro data reveals the company maintains a fair overall financial health score of 2.43, with particularly strong metrics in growth and profitability. For deeper insights into Jacobs’ financial performance and future prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
This announcement contains forward-looking statements regarding the project’s expected benefits and Jacobs’ role in its execution. These statements are based on current estimates and expectations and are subject to various risks and uncertainties that could affect actual results. With a P/E ratio of 41.57 and trading near its InvestingPro Fair Value, investors seeking detailed analysis can access over 10 additional ProTips and comprehensive financial metrics through the InvestingPro platform.
The information in this article is based on a press release statement. Jacobs has not provided an update on any of the forward-looking statements since the date of the press release.
In other recent news, Jacobs Engineering Group Inc. reported its second-quarter earnings for 2025, revealing an earnings per share (EPS) of $1.43, which surpassed the forecasted $1.39. Despite the positive EPS, the company’s revenue of $2.91 billion fell short of the anticipated $3 billion. Jacobs Engineering confirmed its full-year 2025 guidance, expecting mid to high single-digit revenue growth and an EBITDA margin of 13.8-14%. RBC Capital raised its price target for Jacobs Engineering to $154, maintaining an Outperform rating, citing potential improvements in the second half of the fiscal year. Bernstein analysts also reiterated an Outperform rating with a $144 price target, noting a 2% increase in EPS compared to expectations. The company is optimistic about revenue growth acceleration in the latter half of the year, supported by a significant 20% year-over-year backlog increase. Jacobs Engineering is particularly focused on growth in the life sciences and water sectors, although some delays have been noted. The company anticipates improved EBITDA margins in the upcoming quarters, with a target of 14.6% by the fourth quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.