Jacobs Solutions: Will The Solid Momentum in the Critical Infrastructure Market Last? 

Jacobs Solutions has shared positive financial results in Q2 2024 earnings which saw revenues grow by 5% and an adjusted net revenue climb 3% organically. However, gross revenue for the second quarter fell short of expectations resulting in a reach of $281 million for the quarter, including $53 million of amortization from acquired intangibles and $58 million of transaction costs. Second quarter consolidated revenue was driven by a 5% growth with backlog up 2% year-over[1]year and gross margin increased approximately 50 basis points year-over-year. This performance has boosted investor confidence that the engineering firm will continue to deliver profitable growth.