JACOBS SOLUTIONS INC. (J)

Jacobs Solutions Inc. (NYSE: J) is a global technology-forward professional services firm providing consulting, technical, engineering, scientific and project delivery solutions to government and private-sector clients, employing approximately 60,000 people worldwide (55% Americas, 26% Europe/UK, 15% Asia Pacific/India, 4% Middle East/Africa). The company operates through two lines of business—Critical Mission Solutions (CMS), serving defense, intelligence, space, nuclear and IT modernization clients including the DoD, NASA, DoE, and UK/Australian defense agencies; and People & Places Solutions (P&PS), addressing climate change, energy transition, mobility, water management and life sciences infrastructure—supported by an enabling technology platform, Divergent Solutions (DVS), and a 65% majority stake in PA Consulting, a UK-based innovation and transformation consultancy with roughly 4,000 professionals serving both public and private clients. In fiscal 2023, approximately 31% of total revenue came from U.S. federal government agencies (64% within CMS), with 22% of CMS revenue from international clients and 8% from U.S. commercial sectors; contracts are predominantly cost-reimbursable (74%), with the remainder fixed-price.

Jacobs has pursued an active M&A and portfolio-reshaping strategy, including acquisitions of Buffalo Group, BlackLynx and StreetLight Data, and the 2021 PA Consulting investment; on November 20, 2023, it entered a definitive agreement to spin off and combine its CMS and Cyber & Intelligence businesses with Amentum via a tax-free Reverse Morris Trust transaction expected to close in fiscal 2024. The company's growth strategy (fiscal 2022-2024) centers on three accelerators—Climate Response, Consulting & Advisory, and Data Solutions—aligned with sustainability commitments including net-zero targets by 2040, carbon neutrality since 2020, inaugural Sustainability Linked Bonds issued in fiscal 2023, and top rankings on ENR's design and program management firm lists. Jacobs holds leading market positions in Advanced Manufacturing, Cities & Places, Energy & Environment, Health & Life Sciences and Infrastructure sectors, competing against firms such as AECOM, Booz Allen, CACI, KBR, Leidos, Parsons, SAIC, Fluor, Accenture and Deloitte, differentiating through technical capability, safety record, and integrated digital/technology offerings.

The company returned capital to shareholders through $265.7 million in fiscal 2023 share repurchases and quarterly dividends, while emphasizing an inclusive culture, employee wellbeing programs, and social value initiatives aligned with UN Sustainable Development Goals.