Jacobs Solutions Q4: Strong Margin Improvement Due To Divestiture
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Jacobs Solutions Inc. reported strong Q4 results with a 22.5% backlog growth and 4.3% adjusted revenue growth, driven by Infrastructure and Advanced Facilities. The divestiture of certain business units has improved margins, leading to a reiterated 'Strong Buy' rating and a price target of $164.
November 19, 2024 | 9:45 pm
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Jacobs Solutions Inc. has shown strong Q4 performance with significant backlog and revenue growth. The divestiture of non-core businesses has improved margins, supporting a 'Strong Buy' rating and a $164 price target.
The divestiture of non-core businesses has allowed Jacobs to focus on its core operations, leading to improved margins. The strong backlog and revenue growth further support the positive outlook, justifying the 'Strong Buy' rating and the price target of $164.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100