EXPLAINED: Jacobs engineering group inc - The Real Truth

Jacobs Engineering Group Inc's (NYSE:J) joint venture with Multiconsult Norge AS has been selected by Norsk Nukleær Dekommisjonering (NND) to plan the decommissioning of Norway's nuclear facilities. In competitive bidding, the Jacobs/Multiconsult JV was ranked first and will have the first option to carry out work. The value of the six-year multi-award…

Jacobs Engineering Group Inc (NYSE:J) has been appointed the design consultant for the design and construction of the Tavistock Station and Tunnels as part of the Cross Island Line Phase 1 project in Singapore. The contract is worth $302 million (S$407 million). Jacobs will collaborate with Sato Kogyo, which was granted the contract…

The Metropolitan Transportation Authority (MTA) has selected Jacobs Engineering Group Inc (NYSE:J) as the Prime Designer for Penn Station Access, an expansion of Metro-North's regional railroad system. Financial terms not disclosed. Jacobs will design the expansion and support construction, led by the Halmar International/Railworks Joint Venture. Jacobs will develop a digital for visualizing…

Jacobs Engineering Group Inc (NYSE:J) and Electron, a wireless and in-road wireless electric vehicle (EV) charging technology provider, established a strategic collaboration. The companies will join forces on select wireless EV charging projects across the U.S. "Continuing to collaborate with Electreon is exciting and directly supports Jacobs' focus on instilling and sustaining…

Jacobs Engineering Group Inc (NYSE:J) and Palantir Technologies Inc (NYSE:PLTR) have established a strategic collaboration that targets data and technology solutions for the infrastructure and national security markets. The financial terms were not disclosed. The collaboration focuses on the water sector in the near term and involves launching a joint data analytics offering to support…

Credit Suisse analyst Jamie Cook lowered the price target on Jacobs Engineering Group Inc (NYSE:J) to $161 (an upside of 25.6%) from $175 and maintained an Outperform rating on the shares. The analyst notes that Jacobs stock closed down 3% after reporting a largely in-line quarter while maintaining the full year 2022 adjusted EBITDA and EPS…

Jacobs Engineering Group Inc (NYSE:J) reported first-quarter revenue was flat year-over-year at $3.38 billion, missing the consensus of $3.51 billion. Adjusted net revenue increased by 6.4% Y/Y to $2.91 billion. Revenues by segments: Critical Mission Solutions $1.16 billion (-10.3% Y/Y), People & Places Solutions $1.93 billion (-7.6% Y/Y) and PA Consulting $289.97…

Jacobs Engineering Group Inc (NYSE:J) has acquired mobility analytics provider StreetLight Data, Inc. for undisclosed financial terms. This acquisition accelerates Jacobs' strategy to grow its end-to-end digital solutions portfolio and focus on ESG while adding high growth, highly recurring revenue software businesses. StreetLight applies proprietary processing technology to location data from millions of…

Johns Hopkins Medicine has selected Jacobs Engineering Group Inc (NYSE:J) to provide project management services to redevelop laboratory space on its medical campus in Baltimore, Maryland. Financial terms were not disclosed. Plans are to renovate Johns Hopkins Hospital's existing Children's Medical and Surgical Center (CMSC) and construct a new 12-story North Tower addition.…