Jacobs Engineering Group

Jacobs Solutions said that Shannon Miller is relinquishing her position as president, strategy, growth & digital and will serve as a special advisor to the CEO until her departure, no later than October 3, 2026. A succession plan or other changes to the leadership structure were not mentioned in the SEC filing. » More on de.investing.com

Jacobs was hired by the Central Utah Water Conservancy District to provide design and construction support services for the Strawberry High Line Improvement Project. The project, with an estimated construction value of $750 million, calls for converting the open Strawberry High Line Canal into a buried pressurized water system and constructing new pipelines, a pump station and associated infrastructure. Jacobs is working in a joint venture with Bowen Collins & Associates; the system is intended to secure water supply for a future population of about 420,000 people. Jacobs most recently generated annual revenue of around $12 billion and employs about 47,000 people. » More on de.investing.com

Jacobs reported adjusted EPS of $1.84 for Q3 (expectation $1.83) and revenue of $4.1bn, well above estimates. Backlog rose 27% to a record $29bn and management raised its full‑year guidance for revenue, margins, EPS and free cash flow. After an intraday gain the stock turned negative in after‑hours trading, with investors cautious given the high valuation (P/E 41.83) and the quality of revenue. » More on de.investing.com