Jacobs Solutions — Nov 19, 2024 release

In FY24, we returned $545 million in the form of dividends and share repurchases, demonstrating our commitment to returning a significant portion of free cash flow to shareholders.” Financial Outlook 2 The Company’s outlook for fiscal 2025 is for adjusted net revenue to grow mid-to-high single digits over fiscal 2024, adjusted EBITDA margin to range from 13.8-14.0%, adjusted EPS to range from $5.80-$6.20 and for reported free cash flow (FCF) conversion to exceed 100% of net income. Update on Separation Transaction On September 27, Jacobs announced the completion of the spin-off of its Critical Mission Solutions and Cyber & Intelligence government services businesses (the “Separated Business”) and merger of the Separated Business with Amentum Parent Holdings LLC, forming an independent, publicly traded company called Amentum Holdings, Inc. (NYSE: AMTM) ("Amentum") (the "Separation Transaction"). The financial results of the Separated Business are reflected in Jacobs' discontinued operations. 1 See Non-GAAP Financial Measures and Operating Metrics, and GAAP Reconciliations at the end of the press release for additional detail . 2 Reconciliation of fiscal 2025 adjusted EBITDA, adjusted EPS and expectations for adjusted net revenue growth and reported FCF conversion to the most directly comparable GAAP measure is not available without unreasonable efforts because the Company cannot predict with sufficient certainty all the components required to provide such reconciliation, including with respect to the costs and charges relating to transaction expenses, restructuring and integration