Quarterly ResultMay 5, 2026, 04:18 PM
Jacobs Reports Q2 Net Loss of $45.9M; Completes PA Consulting Acquisition
AI Summary
Jacobs Solutions Inc. reported a net loss of $45.9 million for the three months ended March 27, 2026, compared to net earnings of $5.6 million in the prior year period. However, for the six months, the company posted net earnings of $79.6 million. Revenues increased to $3.69 billion for the quarter and $6.99 billion for the six months. The company also completed the acquisition of the remaining share capital of PA Consulting for approximately £1.21 billion and declared a quarterly dividend of $0.36 per share.
Key Highlights
- Completed acquisition of remaining PA Consulting shares for approximately £1.21 billion.
- Reported Q2 net loss attributable to Jacobs of $45.9 million, or $(0.34) per share.
- Six-month net earnings attributable to Jacobs were $79.6 million, or $0.79 per share.
- Q2 revenues increased to $3.69 billion from $2.91 billion year-over-year.
- Declared a quarterly dividend of $0.36 per share, payable June 19, 2026.
- Remaining $746.4 million under $1.5 billion share repurchase authorization.
- Total remaining performance obligations reached approximately $19.0 billion.
- Long-term debt increased to $4.08 billion from $2.24 billion since September 2025.