Jacobs reports fiscal third quarter 2024 earnings

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.
J Ratings Summary
J Quant Ranking