Published on 10 Apr 2024 on Zacks via Yahoo Finance
Jacobs (J) Wins 6-Year Professional Services Deal From WASD
Jacobs Engineering Group Inc. J received a six-year professional services contract from the Miami-Dade County Water and Sewer Department (“WASD”).Per the deal, J will design upgrades for the county's three wastewater treatment plants, which will benefit approximately 2.4 million residents and hundreds of thousands of visitors each year. Jacobs will help modernize aging infrastructure, improve operational performance, mitigate climate change impacts and address the system's resilience across the plants and system.Jacobs’s digital solutions will help WASD reduce wastewater treatment costs and optimize operational labor.
Solid Project Execution to Drive Growth
Jacobs's ability to execute projects efficiently has played a pivotal role in driving the company's performance in recent quarters. The continuous success in securing new contracts stands as evidence of this proficiency.Jacobs has been serving Miami-Dade County over the past 50 years. Recently, it acted as owner's representative for the $2.7 billion Ocean Outfall Legislation Program and provided engineering services for the South District Wastewater Treatment Plant.J has been ranked as No.1 in wastewater treatment by Engineering News-Record. It has supported projects like the Thames Tideway Tunnel, the largest water infrastructure project undertaken in the U.K., Central Interceptor, the largest-ever wastewater project in New Zealand, Tuas Water Reclamation Plant in Singapore, and the Pure Water Project in California.The solid project execution efforts are supported by its ongoing backlog growth. At the fiscal first-quarter end, the company reported a backlog of $29.6 billion, up 4.7% year over year. This reflects persistent solid demand for Jacobs' consulting services. Of this backlog, People & Places Solutions’ backlog was $17.86 billion in the fiscal first quarter compared with $17.24 billion in the year-ago period. The Divergent Solutions segment’s backlog was $3.11 billion, up from $3.08 billion a year ago.