Jacobs Solutions Inc. reported its fiscal first-quarter 2025 results, showing strong growth and strategic moves. Key highlights include:

- Gross revenue of $2.9 billion, up 4.4% year-over-year, and adjusted net revenue increased 5.1% y/y.
- Infrastructure & Advanced Facilities grew by 4.9% in gross revenue and 6.0% in adjusted net revenue.
- GAAP net loss of $17.1 million, down 113.3% y/y, impacted by a $145 million loss on investments in AMTM.
- Adjusted EBITDA of $282 million, up 23.6% y/y.
- Backlog increased by 18.9% to $21.8 billion with a book-to-bill ratio of 1.0x in Q1 (1.3x on a trailing twelve-month basis).
- EPS was ($0.10), a 109.7% decrease y/y, but adjusted EPS was $1.33, a decline of 8.3% y/y, partly due to a tax benefit of $0.49/share in Q1 2024.
- Jacobs repurchased $202 million worth of shares during the quarter and announced a $1.5 billion share repurchase program, its largest ever.
- Dividend increased by 10% year-over-year to $0.32 per share.

The company raised its adjusted EPS guidance for fiscal 2025, with a new range of $5.85-$6.20. Jacobs is optimistic about the remainder of the fiscal year, citing strong performance in key sectors like Water and Life Sciences.