Jacobs Engineering Group Inc. (J) Q2 2023 Earnings Call Transcript

Jacobs Engineering Group Inc.'s (NYSE:J) Q2 2023 Earnings Conference Call May 9, 2023 10:00 AM ET

Company Participants

Jonathan Evans - Vice President of Corporate Development & Investor Relations

Robert Pragada - Chief Operating Officer

Kevin Berryman - Chief Financial Officer

Conference Call Participants

Jamie Cook - Credit Suisse

Andy Kaplowitz - Citigroup

Michael Dudas - Vertical Research Partners

Sean Eastman - KeyBanc Capital Markets

Bert Subin - Stifel Financial Corp.

Steven Fisher - UBS

Chad Dillard - Bernstein

Michael Feniger - Bank of America

Gautam Khanna - Cowen

Andrew Whitman - Robert W. Baird

Operator

Good morning ladies and gentlemen and welcome to the Jacobs Solutions Second Quarter 2023 Earnings Call and Webcast. [Operator Instructions] Please be advised that this call is being recorded. [Operator Instructions] And now at this time, I will turn things over to Mr. Jonathan Evans, Vice President of Corporate Development and Investor Relations. Please go ahead, Mr. Evans.

Jonathan Evans

Thank you. Good morning. Our earnings announcement and 10-Q were filed this morning and we have posted a slide presentation on our website which we'll reference during the call. In addition, this morning, we published a release announcing our intent to create 2 independent companies with the separation of our Critical Mission Solutions business. I would like to refer you to Slide 2 of the presentation material for information about our forward-looking statements and non-GAAP financial measures.

Turning to the agenda. Speaking on today's call will be Jacobs CEO, Bob Pragada; and CFO, Kevin Berryman. We are also joined by our incoming CFO, Claudia Jaramillo. Bob will begin by providing an overview of today's portfolio announcement, then summarizing highlights from our second quarter results. Kevin will provide a more in-depth discussion of our financial metrics as well as a review of our balance sheet and cash flow. Finally, Bob will provide details on our updated outlook along with closing remarks. And then we'll open up the call for questions.

With that, I'll turn it over to Bob.

Robert Pragada

Thank you, Jonathan and thank all of you for joining us today to discuss our second quarter fiscal year 2023 business performance.

Jacobs has a story of 75-year history of delivering value for our clients, employees and shareholders. We have consistently strived to improve our company through a purposeful strategy of transforming our portfolio to capture higher value opportunities in our core and adjacent markets.