Jacobs reports fiscal second quarter 2024 earnings

Second quarter revenue up 4.7% year-over-year people and places solutions (p&ps) revenue up 7.5% year-over-year operating profit down 3% year-over-year, adjusted operating profit up 10%1 repurchased $95m in shares during the second quarter narrows fiscal 2024 adjusted ebitda and adjusted eps range dallas , may 7, 2024 /prnewswire/ -- jacobs solutions inc. (nyse: j) today announced its financial results for the fiscal second quarter ended march 29, 2024. q2 2024 highlights: revenue of $4.3 billion up 4.7% y/y; adjusted net revenue1 increased 2.9% y/y record p&ps operating margin of 10.6%, and record adjusted operating margin of 15.3%1 backlog1 of $29.4 billion, up 1.5% y/y; gross profit in backlog1 up 3.7% y/y eps of $1.29, down 24% y/y; adjusted eps from continuing operations1 of $1.91, down 7% y/y, each driven by a $0.32 per share discrete tax benefit in prior period six month ended march 29, 2024, cash flow from operations of $376 million; continue to expect greater than 100% fiscal year reported free cash flow conversion1 jacobs' ceo bob pragada commented, "i am pleased to report a solid performance in q2, bolstered once again by people & places solutions, which posted another outstanding quarter with 7% year-over-year gross profit in backlog growth.
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