Jacobs Board Endorses Historic $1.5 Billion Stock Buyback Initiative

Jacobs Board Approves $1.5 Billion Share Repurchase Authorization

On February 4, 2025, Jacobs Engineering Group Inc. (NYSE: J) announced that its Board of Directors has given the green light for an ambitious share repurchase initiative, known as the 2025 Share Repurchase Program, amounting to $1.5 billion. This program marks the largest share buyback in the company's history, signaling a strong vote of confidence in Jacobs' strategic direction and a commitment to rewarding shareholders.

Jacobs' Chair and CEO, Bob Pragada, expressed this sentiment by stating, "The Board's authorization of a $1.5 billion share repurchase program underscores our confidence in Jacobs' strategic direction and our commitment to return capital to our shareholders." He further emphasized that this initiative not only reflects their robust financial standing but also illustrates their disciplined approach to capital allocation aimed at boosting shareholder returns while simultaneously investing in growth opportunities.

This new program comes on the heels of a previously authorized $1 billion share repurchase program in 2023, which is set to expire on January 25, 2026. As of the conclusion of the first fiscal quarter of 2025, Jacobs had approximately $271 million left to deploy under the earlier program. The 2025 plan allows for new repurchases to commence only after the previous program has been fully utilized, ensuring a systematic and disciplined approach to capital management.

The 2025 Share Repurchase Program permits Jacobs to acquire shares at management’s discretion, employing various methods such as open market purchases and privately negotiated agreements, all while complying with applicable federal securities regulations and market conditions. The program remains flexible, allowing for suspension or termination without notice at any time until its completion deadline on January 30, 2028.

Jacobs plans to highlight this and other corporate strategies at an upcoming investor day scheduled for February 18, 2025, to be held in Miami. This event will be accessible via a live webcast on the company's investor relations platform, allowing shareholders and stakeholders to engage directly with company executives.

With a robust annual revenue of about $12 billion and a workforce of nearly 45,000, Jacobs has firmly established itself as a significant player in delivering comprehensive services across diverse fields such as advanced manufacturing, transportation, environmental solutions, life sciences, and water management. The commitment to reinvesting in its operational domains, while concurrently facilitating shareholder value through aggressive buybacks, positions Jacobs uniquely in a competitive landscape.

Jacobs' strategy is designed to leverage its core capabilities, enabling the company to tackle some of the most pressing challenges in the world today, while fostering a sustainable and interconnected future. This multifaceted commitment to growth and shareholder value reaffirms Jacobs’ role as an innovative leader capable of navigating the complexities of modern enterprises while staying true to its foundational values.

In an era of heightened market volatility and economic uncertainty, Jacobs' proactive measures, such as the newly announced share repurchase scheme, highlight its emphasis on shareholder engagement and its enduring commitment to enhancing shareholder confidence. As proactive capital returns become a central theme for investor attraction and retention, Jacobs is poised to set a precedent within its industry by ensuring well-structured financial strategies are at the forefront of its operations.

In conclusion, Jacobs' monumental $1.5 billion share buyback initiative is not just a financial maneuver but a strategic affirmation of the company's path forward, as it balances growth, shareholder returns, and innovation in addressing the challenges of tomorrow. Stakeholders are eagerly awaiting updates as the program unfolds and are advised to keep an eye on Jacobs' trajectory as it seeks to redefine the benchmarks of shareholder value.

For further details, visit Jacobs' Investor Relations.