Jacobs reports fiscal first quarter 2024 earnings

First quarter revenue up 9.5% year-over-year people and places solutions revenue up 10.9% year-over-year reported eps up 28% year-over-year; adjusted eps up 28% year-over-year1 reported $418m in cash flow from operations; repurchased $100m in shares announced 11.5% quarterly dividend increase   reiterates fiscal 2024 adjusted ebitda and adjusted eps outlook dallas , feb. 6, 2024 /prnewswire/ -- jacobs solutions inc. (nyse: j) today announced its financial results for the fiscal first quarter ended december 29, 2023. q1 2024 highlights: revenue of $4.2 billion up 9.5% y/y; adjusted net revenue1 increased 7.0% y/y and up 5.4% in constant currency1 backlog1 of $29.6 billion, up 4.7% y/y; gross profit in backlog1 up 6.1% y/y eps of $1.37, up 28% y/y; adjusted eps from continuing operations1 of $2.02, up 28% y/y, which includes a $0.49/share non-cash deferred tax benefit and ($0.09)/share non-cash inventory write down strong cash flow from operations of $418 million; continue to expect greater than 100% fiscal year adjusted free cash flow conversion1 jacobs' ceo bob pragada commented, "we kicked off fiscal 2024 with strong performance, underpinned by robust organic revenue growth in our people and places solutions (p&ps) business, reflecting the broad-based strength that we see in global infrastructure and sustainability investment.
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