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Jacobs’s CEO, Bob Pragada Optimistic in front of the ratesPolitical change and economic uncertainty during the recent earnings call for the second quarter of the contractor.
“In general, our business remains well positioned, with infrastructure and consulting services with high demand and opportunities to take advantage of secular growth trends in front of us,” said Pragada.
The head of the contractor based in Dallas indicated in the first quarter than the infrastructure And the segments of advanced installations remained a strong area of performance for the firm. He reaffirmed this position to the third, despite continuous changes in the economic and political landscape.
“The impact related to the launch of the Government Efficiency Department, or DOGE, has so far been from Minimis, and we continue to anticipate growth opportunities with the United States Department of Defense,” said Pragada. Around 9% of the company’s total revenue comes from the United States federal infrastructure and related services related to DOD’s commitment.
When it comes to rates, Pragada said: “We are focused on supporting our customers as they evaluate the possible challenges of the supply chain. Our client -centered model based on the redefinition of the life cycle will create an opportunity to add value as our customers browse this period of uncertainty.”
Pragada acknowledged that the rates have the potential to raise the prices of the materials, which can cause customers to delay new projects, but they have also altered the planning of the supply chain scenario and have provided Jacobs Consulting.
“Just remember, many of these rates have not passed,” Pragada said in reference to the rate calendar. Jacobs presents customers with various options if they occur, which “has created a little of some consulting and advice work so that we are in the middle of this.”
By the numbers
Jacobs recorded a profit of $ 11.2 million for the three -month period ending on March 28, a decrease of almost 88% compared to its gains in the same period of the previous year.
The income of the period amounted to $ 2.9 billion, an increase of 2% compared to 2024. In addition, the firm’s decline grew by 20%.
The CFO Venk Nathamuni attributed some of the decrease in revenue for adverse purposes of a provisional sentence against a consolidated joint company in which the company has a 50%interest. But Nathamuni said that the firm was still able to compensate for the impact and predicted that he would be able to fulfill the goals of the whole year.
