Water Works: Jacobs And Mott MacDonald Team Up For Thames Water's Multi-Billion Pound Projects
Portfolio Pulse from Lekha Gupta
Jacobs Solutions Inc (NYSE:J) and Mott MacDonald have been chosen by Thames Water to support the delivery of its $5.9 billion asset investment programs. This eight-year deal involves technical, engineering, and planning services for major water infrastructure projects in the UK. Jacobs recently reported a 9.5% YoY revenue growth and an adjusted EPS of $2.02 for the first quarter of FY24.
March 11, 2024 | 12:05 pm
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Jacobs Solutions Inc partners with Mott MacDonald for Thames Water's $5.9 billion investment programs, showcasing its strong performance with a 9.5% YoY revenue growth and an adjusted EPS of $2.02 in Q1 FY24.
The partnership with Mott MacDonald for Thames Water's significant investment programs highlights Jacobs Solutions Inc's capability in handling large-scale infrastructure projects. This, combined with its strong Q1 FY24 financial performance, suggests a positive outlook for the company's stock in the short term. The deal not only reinforces Jacobs' position in the infrastructure sector but also aligns with its growth trajectory, potentially leading to increased investor confidence and stock price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100