Jacobs Solutions Q1: Earnings Beat, Margins Expand, Bigger Buyback & More

Jacobs Solutions Inc. (NYSE:J) reported first-quarter revenue growth of 4.4% year-over-year to $2.933 billion, beating the consensus of $2.072 billion. Adjusted revenue rose 5.1% YoY to $2.082 billion.

Adjusted EPS was $1.33, down from $1.45 a year ago, above the consensus of $1.28.

Gross margin was at 24.6% YoY, up 94 bps, and gross profit rose 8.5% to $721.27 million. Operating margin expanded 205 bps to 7.1% YoY, and operating profit rose 46.8% to $208.42 million.

Jacobs reported a $145 million mark-to-market loss on the AMTM investment, lowering the quarter’s GAAP net income.

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