Jacobs is focusing on higher-margin growth through its Climate Response, Consulting & Advisory, and Data Solutions accelerators. The company's next strategy will be outlined at its next Investor Day in 2025.

Jacobs completed the Reverse Morris Trust transaction, spinning off its Critical Mission Solutions business to Amentum. This move allows Jacobs to focus on its Infrastructure & Advanced Facilities (I&AF) and PA Consulting segments.

The company's backlog reached approximately $21.8 billion, an increase of $4.0 billion from the prior year, driven by new business awards in the Americas business. This suggests a strong pipeline of future projects and revenue.

Management successfully executed the complex Reverse Morris Trust transaction, spinning off the CMS business and streamlining operations. This demonstrates their ability to manage significant corporate events.

Despite the significant workforce transition related to the SpinCo separation, the company reduced its voluntary employee turnover rate to 9.6%, demonstrating a strong culture and commitment of its people.

The company demonstrated safety excellence with another year of zero employee fatalities at work and a total recordable incident rate of 0.17, compared to the North American Industry Classification System's aggregate rate of 0.6.

The 10-K highlights general economic conditions, including inflation, interest rates, and geopolitical risks, including policy risks and potential civil unrest, as factors that could materially affect the company's results.

The company acknowledges the risk associated with potential reductions in government funding, which could materially affect their results of operations. This is particularly relevant given the upcoming change in administration.

The company acknowledges the potential for cyberattacks and data breaches to adversely impact their ability to operate and expose them to contractual penalties, significant financial losses, and/or reputational harm.

Jacobs operates in a highly competitive market, facing competition from regional, national, and multinational companies. This competition can place downward pressure on contract prices and profit margins.

The company's success is heavily reliant on maintaining a strong reputation and positive relationships with government agencies, as any harm to these could decrease the amount of business governments do with them.

The company's focus on new growth areas entails risks, including those associated with new relationships, clients, talent needs, capabilities, service offerings, and maintaining a collaborative culture and core values.

The company emphasizes the importance of maintaining safe work sites to avoid financial losses, reputational harm, and civil and criminal liabilities. This highlights a focus on operational risk management.

The company relies on third-party subcontractors and suppliers, and any inability to hire qualified subcontractors or find qualified equipment manufacturers or suppliers could impair project completion.

The company acknowledges that remote working arrangements may increase costs and adversely impact their culture and ability to effectively train personnel, presenting challenges to operational efficiency.

The company harnesses data and digital capabilities, products and tools to help clients operate more efficiently in a safe environment and capitalize on their data more than ever before.

The company acknowledges that the rapid evolution and increased adoption of artificial intelligence technologies may intensify cybersecurity risks and that they may be unable to anticipate these techniques or to implement adequate preventative measures.

The company's technology and intellectual property provide a competitive advantage, and they seek to protect their intellectual property through registration, enforcement, licensing, contractual arrangements, security controls and similar mechanisms.

During fiscal 2024, the Company repurchased $402.7 million in shares, indicating a commitment to returning value to shareholders.

The company continues to pay regular quarterly dividends, demonstrating a consistent approach to capital allocation.

The company's business strategy relies in part on acquisitions and strategic investments to sustain growth, although these transactions present certain risks and uncertainties.

PlanBeyond integrates sustainability throughout operations and client solutions, focusing on positive social and economic impacts while protecting the environment and improving resilience.

The company's net-zero target is approved by the Science Based Targets initiative, and their carbon neutrality status is in line with the international standard PAS 2060.

The company continues to grow and nurture their TogetherBeyond culture, their approach to living inclusion every day and enabling diversity and equity globally.

Economic downturns, reductions in private or government spending and times of political uncertainty may negatively impact clients' ability and willingness to fund projects, affecting demand for Jacobs' services.

Continuing inflation and rising interest rates and/or construction costs could reduce the demand for our services as well as decrease our profit on our existing contracts, in particular with respect to our fixed-price contracts.

The company's international operations are exposed to additional risks and uncertainties, including unfavorable political developments and weak foreign economies.