Jacobs reports strong fiscal fourth quarter and fiscal year 2024 earnings

Successful separation and merger of cms and c&i, now trading as amentum (nyse: amtm) backlog grows by 23% y/y with ttm book-to-bill ratio of 1.35x fy 2025 guidance highlights favorable growth and margin expectations dallas , nov. 19, 2024 /prnewswire/ -- jacobs solutions inc. (nyse: j) today announced its financial results for the fiscal fourth quarter and fiscal year ended september 27, 2024. q4 2024 financial highlights from continuing operations: revenue of $3.0 billion grew 4.4% y/y; adjusted net revenue1 up 4.3% y/y net income of $309 million, up 333.1% y/y; adjusted ebitda1 of $289 million, up 12.5% y/y eps of $2.38, up 277.8% y/y; adjusted eps1 of $1.37, up 28.0% y/y recorded $187 million in mark-to-market gains on our investment in amtm, increasing q4 gaap net income backlog of $21.8 billion, up 22.5% y/y; q4 book-to-bill 1.67x (1.35x ttm) fiscal year 2024 highlights from continuing operations: revenue of $11.5 billion grew 6.0% y/y; adjusted net revenue1 up 5.1% y/y net income of $613 million, up 61.6% y/y; adjusted ebitda1 of $1,059 million, up 8.9% y/y eps of $4.79, up 57.0% y/y; adjusted eps1 of $5.28, up 15.8% y/y cash conversion and reported free cash flow conversion1 exceeded 100% jacobs' chair and ceo bob pragada commented, "we reached a critical milestone on our strategic shift toward a simpler, higher-value, and higher-margin portfolio during the quarter as we closed the separation transaction involving our critical mission solutions and cyber & intelligence businesses, culminating with amentum successfully listing on the nyse under the ticker amtm.
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