Jacobs Solutions (J) 47th Annual Raymond James Institutional Investor Conference summary

Business overview and market positioning

• Operates in technical advisory, engineering, and program delivery across life sciences, water/environmental, and critical infrastructure verticals.

• Strong focus on technology innovation and addressing major global challenges through capital project delivery.

• Deep expertise in engineering, with a legacy dating back to the 1940s.

Advanced facilities and AI-driven growth

• Data center business, now 3-4% of revenue, is doubling annually, driven by AI and advanced chip requirements.

• Engagements have grown from small-scale to large, complex projects with hyperscalers and neocloud providers.

• Expertise in power and water supports high-bandwidth memory chip manufacturing and the broader AI ecosystem.

Life sciences and advanced manufacturing

• Life sciences generates about $1 billion in service revenue, with growth fueled by AI-driven drug discovery and onshoring.

• Focus on tier-one pharma clients, with business growing at high single to low double digits.

• Life sciences and advanced manufacturing together make up 25% of revenue, growing at high single digits.

• Growth drivers include GLP-1 innovations, Alzheimer's research, and antibody-drug conjugates.