Jacobs completed the Reverse Morris Trust transaction, spinning off its Critical Mission Solutions (CMS) and Cyber & Intelligence (C&I) businesses into Amentum Holdings, Inc. This strategic shift is expected to allow Jacobs to focus on high-growth sectors.

Operating profit for PA Consulting increased by 22.6% YoY, reaching $66.7 million. This improvement is attributed to cost reduction programs implemented in the prior year.

The company is focused on broadening its leadership in high-growth sectors aligned with long-term secular trends, such as infrastructure renewal and investment, and the global transition to more sustainable ways of living.

Restructuring initiatives related to the Separation Transaction are expected to result in estimated gross annualized pre-tax cash savings of $120 million to $147 million. PA Consulting's restructuring is expected to generate $50 million to $65 million in savings.

Jacobs is managing interest rate exposure on variable rate loans through swap agreements, with a notional value of $200.0 million converted to fixed-rate liabilities. This reduces the impact of fluctuating interest rates.

Jacobs entered into a Transition Services Agreement (TSA) with Amentum, providing various services including corporate, information technology, and project services. This involves SG&A expenses offset by TSA-related income.

The company recorded $145.2 million in pre-tax fair value losses associated with its investment in Amentum stock. The market value of the Amentum shares are subject to market volatility and other factors outside of Jacobs' control.

The company is exposed to interest rate risk under its variable rate borrowings. If floating interest rates had increased by 1.00%, interest expense for the three months ended December 27, 2024 would have increased by approximately $9.6 million.

The company is exposed to foreign currency risk due to international operations. The company has $693.4 million in notional value of exchange rate sensitive instruments at December 27, 2024.

The Infrastructure & Advanced Facilities (I&AF) business benefited from stronger performance in its Americas, Energy & Power and Asia Pacific and Middle East business operations.

Together with its partner, PA Consulting, the company is expanding its position in high-end advisory services and deploying its collective strengths to create significant opportunities for its clients to adapt, innovate and transform.

Jacobs is focused on delivering solutions for some of the world's most complex sustainability, critical infrastructure and advanced manufacturing challenges.

Selling, general & administrative (SG&A) expenses decreased by $9.9 million YoY, primarily due to a decrease in Restructuring and other charges costs associated with the Separation Transaction.

Restructuring initiatives related to the Separation Transaction and PA Consulting are expected to result in estimated gross annualized pre-tax cash savings of $120 million to $147 million and $50 million to $65 million, respectively.

The company approved a plan to improve business processes and cost structures of PA Consulting investment by reorganizing senior management and reducing headcount.

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

The company is investing in big data, technology-enhanced and artificial intelligence solutions to help clients find better, safer and more agile ways of working.

The company is providing solutions in data analytics and insights, digital architecture, advisory and transformation, software development and cybersecurity and operational technology.

The company repurchased $201.6 million of its common stock during the quarter under the 2023 Repurchase Authorization.

The Board of Directors authorized an incremental share repurchase program of up to $1.5 billion of the Company's common stock, to expire on January 30, 2028.

The company has adequate liquidity and capital resources to fund its projected cash requirements for the next twelve months based on the liquidity provided by its cash and cash equivalents on hand, its borrowing capacity and its continuing cash from operations.

The Revolving Credit Facility, 2021 Term Loan Facility and our 5.90% Bonds have interest rates subject to potential increases relating to certain ESG metrics as stipulated in the related agreements.

As a purpose-led company, the company knows it has a pivotal role to play across the entire Climate Response value chain focusing on end-to-end solutions in energy transition, decarbonization, adaptation and resilience, and regenerative and nature-based climate solutions.

The company is delivering technical project management support to the U.K. Department for Energy Security & Net Zero's Carbon Capture, Usage and Storage program, an essential element of the U.K.'s commitment to deliver a net-zero economy by 2050.

Today, the company's clients face a rapidly changing world - navigating multifaceted challenges such as the increasing pace of technological change, budget and supply chain limitations, global climate change events and complex geopolitical conditions.

Several jurisdictions in which the company operates have enacted these rules, which are effective for the first quarter of the fiscal year ending September 26, 2025. The company is continually monitoring developments and evaluating the potential impacts.

The amount of income taxes the Company pays is subject to ongoing audits by tax jurisdictions around the world. In the normal course of business, the Company is subject to examination by tax authorities throughout the world.