Jacobs (J) Reports Q4, Announces Cost Optimization Plan, Seeks 300 bp Margin Improvement

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Jacobs Reports Fiscal Fourth Quarter and Fiscal Year 2023 Earnings

November 21, 2023 6:40 AM EST

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... More