JACOBS SOLUTIONS INC. [J] reports $719.7M profit for year ended Sep 29, 2023

JACOBS SOLUTIONS INC. [J] has reported $719.7M profit for year ended Sep 29, 2023.

The DALLAS, Texas based company recorded net profit of $719.7M on operating income of $1,075.2M. Earnings per share rose to $5.3.

In the 12 months ended September 29, 2023, the company reported revenues of $16.35 billion, which is an increase compared to the previous period's revenue of $14.92 billion. The cost of goods sold for the current period was $12.88 billion, also higher than the previous period's cost of $11.59 billion. The company's net income for the current period was $720.50 million, slightly higher than the previous period's net income of $715.44 million. The earnings per share for basic and diluted amounts were $5.33 and $5.31 respectively in the current period, compared to $5.01 and $4.98 respectively in the previous period. Overall, the company's revenue and net income showed positive growth in the current reporting period compared to the same period in the previous year.