Filing Flows › Jacobs Solutions (J) › Q4 FY24
Jacobs Solutions (J) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 25, 2024
Jacobs Solutions (J) reported revenue of $3.0B for the fourth quarter fiscal 2024 (Q4 FY24), +4% from a year earlier and +3% from the quarter before. Operating margin was 6.6%, net earnings $325M (11.0% of revenue).
Jacobs Solutions, Q4 FY24: revenue $3.0B (+4% year over year), operating margin 6.6%, net earnings $325M, operating cash flow $197M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.0B | +3% | +4% |
| Gross profit | $161M | -82% | +8% |
| Operating profit | $196M | +15% | +17% |
| Net earnings | $325M | +121% | +118% |
| Operating cash flow | $197M | -59% | -10% |
| Free cash flow | $158M | — | -12% |
What changed
Revenue was $3.0B in Q4 FY24, up 4% year over year and up 3% from the previous quarter.
Gross margin was 5.4%, up 0.2 points from a year earlier. Operating profit was $0.20B, a 6.6% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 6% margin then. Net earnings were $0.33B, up 118% year over year. The effective tax rate was 3.6%. Non-operating items added $0.16B, 44% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.20B (down 10% year over year), 58% of net income including minority interests. Non-cash charges added back $0.03B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.19B. After itions to property and equipment ($0.04B), free cash flow as the company reports it was $0.16B.
Questions
What was Jacobs Solutions' revenue in the fourth quarter fiscal 2024?
Jacobs Solutions (J) reported revenue of $3.0B for the fourth quarter fiscal 2024 (Q4 FY24), +4% from a year earlier and +3% from the quarter before.
Was Jacobs Solutions profitable in the fourth quarter fiscal 2024?
Operating profit was $196M (6.6% of revenue) and net earnings $325M.
Source: Jacobs Solutions 10-K on SEC EDGAR.