Jacobs reports fiscal fourth quarter and fiscal year 2023 earnings

Fourth quarter revenue up double-digits year-over-year; record annual revenue fourth quarter people and places solutions operating profit up 11.7% year-over-year announces spin-off and merger of critical mission solutions and cyber & intelligence businesses advances strategic transformation of jacobs into a more streamlined, higher growth and higher margin portfolio focused on critical infrastructure and sustainability initiates cost optimization plan, targets margin expansion robust q4 cash flow from operations generation with over 100% cash conversion in fy23 dallas , nov. 21, 2023 /prnewswire/ -- jacobs solutions inc. (nyse: j) today announced its financial results for the fiscal fourth quarter and fiscal year ended september 29, 2023. q4 2023 financial highlights: revenue of $4.3 billion grew 10.5% year-over-year; adjusted net revenue1 up 7.3% in constant currency1 net earnings of $150 million and eps from continuing operations of $1.25 adjusted eps1 from continuing operations of $1.90 cash flow from operations of $219 million and free cash flow1 of $180 million, driven by strong dso performance backlog increased $1.2 billion to $29.1 billion, up 4% year-over-year fiscal year 2023 highlights: revenue growth of 9.6% and adjusted net revenue1 up 8.8% year-over-year in constant currency1 net earnings from continuing operations of $667 million, up 4%, and fy23 eps of $5.31, up 7% adjusted eps1 from continuing operations of $7.20, up 4% year-over-year cash flow from operations of $975 million and free cash flow1 of $837 million jacobs' ceo bob pragada commented, "we've concluded fiscal 2023 on a high note, achieving remarkable milestones across our operations.
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