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Monday, November 25, 2019

-=Jacobs (JEC) reported earnings Mon 25 Nov 2019 (b/o)

  • Co also announces that it will begin trading on the NYSE under the updated ticker symbol "J" on Dec. 10, 2019

Jacobs beats by $0.17, beats on revs; initiates $250 mln accelerated share repurchase program, offers FY20 Adj-EBITDA guidance

  • Reports Q4 (Sep) earnings of $1.48 per share, excluding non-recurring items, $0.17 better than the S&P Capital IQ Consensus of $1.31; revenues rose 13.4% year/year to $3.39 bln vs the $3.29 bln S&P Capital IQ Consensus.
  • "It's clear the strategic actions we have taken are resulting in a high-performance culture with strong execution discipline. This is demonstrated by our fiscal 2019 financial results, including solid operating profit growth and achieving results at the high end of our original guidance, leading to double-digit adjusted EBITDA growth. During the fourth quarter, we opportunistically initiated a $250 million accelerated share repurchase program, culminating in more than $850 million in fiscal 2019 buy-backs. We are initiating a fiscal 2020 outlook of $1.05 billion to $1.15 billion in adjusted EBITDA2 and are off to a strong start in achieving our 2021 revenue and profitability targets."
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