Jacobs Solutions Inc. reported financial results for the fourth quarter, showing a significant increase in profit compared to the previous year, aligning with market expectations. The company achieved a net income of $309.30 million, translating to an earnings per share (EPS) of $2.38. This is a notable rise from the $71.41 million or $0.63 per share reported in the same quarter last year.
When excluding certain items, the company's adjusted earnings stood at $170.48 million, or $1.37 per share, precisely matching the consensus estimate from analysts surveyed by Thomson Reuters, who generally do not account for one-time items in their forecasts.
The revenue for the quarter experienced a growth of 4.4%, reaching $2.960 billion, up from $2.834 billion in the prior year.
In summary, the key financial highlights for Jacobs Solutions Inc. (in accordance with GAAP) are as follows:
- Q4 Earnings: $309.30 million compared to $71.41 million in the previous year.
- Q4 EPS: $2.38 compared to $0.63 last year.
- Q4 Revenue: $2.960 billion compared to $2.834 billion last year.
