Jacobs Solutions Inc.

Thank you. And I would now like to turn the conference over to Bert Subin, Senior Vice President of Investor Relations. Bert, you may begin.

Thank you, Krista, and good morning, everyone. Our earnings announcement was filed earlier this morning, and we have posted a slide presentation on our website, which we'll reference during this call. Please note, our 10-K will be filed by no later than our due date of November 26th. I would like to refer you to slide two of the presentation material for information about our forward-looking statements, non-GAAP financial measures, and operating metrics. Turning to the agenda on slide three. Speaking on today's call will be Jacobs Chair and CEO Bob Pergata and CFO of Bank Nathamuni. Bob will begin by providing an overview of recent activities and highlights from our fourth quarter and fiscal year results. Bank will then provide a detailed review of our financial performance, including commentary on end market trends, cash flows, balance sheet data, and our FY25 outlook. Finally, Bob will provide closing remarks, and then we'll open up the call for questions. With that, I'll turn it over to our chair and CEO, Bob Bergata.

Thank you, Bert, and I'm delighted to welcome you to Jacobs at such an exciting time. Good day, everyone, and thank you for joining us to discuss our fourth quarter and fiscal year 2024 business performance. Now moving to slide four. We reached a critical milestone on our strategic shift toward a simpler, higher value, and higher margin portfolio during the quarter as we closed the separation transaction involving our critical mission solutions and cyber intelligence businesses on September 27, 2024, culminating with momentum successfully lifting on the NYSE under the ticker AMTM. This strategic shift has been well received by the market, highlighting confidence in our focused direction and reinforcing our commitment to delivering sustained value and growth for our shareholders. Upon closing the transaction, we received $911 million, which was concurrently used to repay existing debt. Additionally, as a part of the transaction, we received a 7.5% equity ownership in amentum, which could rise to 8%. At the same time, Jacobs shareholders became 51% owners in shares of Amentum, and their ownership stake could increase up to 55%. I want to take a moment to emphasize how important this transaction is for Jacobs. As a more sharply focused company operating in robust end markets with strong secular growth tailwinds, we believe Jacobs is in an excellent position to create substantial shareholder value. Our simplified structure, global delivery model, and ongoing operating efficiency positions us nicely to build on a strong end to FY24. This is a testament to the dedication and relentless efforts of our employees, whose hard work is paving the way forward for two exceptional companies. I'd like to extend my deepest gratitude and congratulations to each of them for their role in this pivotal transformation. Turning to slide five. provide an overview of our financial performance for the fourth quarter and fiscal year 2024 with cms and cni under discontinued operations so please note the results we highlight are related only to continuing operations focusing in on the quarter total gross revenue increased four percent q4 with adjusted net revenue rising four percent gap eps from continuing operations was two dollars and 38 cents and includes a positive $1.20 impact from the mark-to-market of our investment and momentum netted against amortization of intangibles, as well as a $0.19 impact from transaction, restructuring, and other related costs. Excluding these items, fourth quarter adjusted EPS was $1.37, marking a 28% increase compared to the previous year. Adjusted EBITDA for Q4 came in at $289 million. which represented a 12% growth versus FY23. Overall, we are pleased to close out the year with such a positive performance. Looking at the full year, total gross revenue increased 6%, with adjusted net revenue rising 5%. Gap EPS from continuing operations was $4.79 and included a positive 50-cent impact related primarily to the net effect of amortization of acquired intangibles, and the mark-to-market of our investment and momentum, and a negative impact of $1.07 from transaction restructuring and other related costs, which again were materially driven by the separation transaction. Excluding these items, adjusted EPS from continuing operations was $5.28, marking a 16% increase compared to the previous year. Adjusted EBITDA for FY24 was $1.06 billion, representing a 9% increase versus FY23. Our trailing 12-month book-to-bill was 1.35 times, as our consolidated backlog increased 23% year-on-year in Q4. These are metrics we watch closely, and we are encouraged by the trajectory we're delivering on, with an extremely strong 1.67 times book-to-bill for the fourth quarter. When we analyze our backlog, we are seeing this trend across gross revenue and backlog, as well as gross profit and backlog, which is a good indicator as we think about our growth for FY25 and beyond. Turning to slide six and building on my backlog and book-to-bill commentary, I'm excited to report that during the quarter, we continued to deliver substantial wins across the business and across geographies. a testament to our market positioning, deep domain expertise, and long-term trusted client relationships. As we move forward as a simpler and more focused company, we will be providing commentary on revenue across three key end markets, water and environmental, life sciences and advanced manufacturing, and critical infrastructure. These end markets roll up to infrastructure and advanced facilities, which is comprised of our historic PMPS business, and the retained portion of Divergent Solutions. TA Consulting remains in its own segment and is unchanged. On slide 14 in the appendix, we provide a graphic that depicts our new structure and end market focus. Moving on to how our end markets are performing. Water and environmental is demonstrating impressive growth. Water conveyance, water infrastructure, wastewater, potable reuse, and efficient asset management are just some of the key drivers of our client spend. And we have been successful servicing demand across these categories with double-digit growth in Q4. Notably, during Q4, we delivered several key wins, including our appointment by Los Angeles Sanitation and Environment to provide progressive design-build services for the Donald C. Tillman Advanced Water Equalization Basin, a critical part of LA's long-term plans to increase recycled water production by 2035. Significantly, this is one of the single largest bookings in the water and environmental end market in our company's history. In life sciences and advanced manufacturing, we continue to see robust demand from life sciences clients, boosted by GOP1 investment, and we expect this trend to continue in FY25. In semiconductors, we are diversifying our customer base and expanding our global reach. One example is our recent design, design win for a new test and assembly facility with CG Semi in India. The facility will manufacture advanced and legacy packages for industries such as automotive, consumer, industrial, and 5G communications, and facilitates our strategic positioning in India, where electronics manufacturing spend is expected to grow meaningfully. Global investment spending across life sciences, semis, and data centers is creating a robust backdrop for Jacobs and FY25 and beyond. Moving on to critical infrastructure. During the quarter, we secured a technical project manager role with the Department of Energy Security and Net Zero in the UK. A great example of how we are leveraging our differentiated offering in energy security and transition that demonstrates the power of our partnership and greater collaboration with PA consultants. We will provide project management and advisory services along with associated strategic support to the hydrogen and industrial carbon capture program that includes consulting, end-to-end innovation, design, and analytics. We're also seeing continued traction in the Middle East as Saudi Vision 2030 significantly increases the number of opportunities across critical infrastructure. Notably, during Q4, we announced a new award to lead advisory, design, and engineering for the King Salman International Airport in Riyadh, Saudi Arabia. Our outlook for near and long-term expansion in the region remains intact. And we are seeing signals of strong demand for infrastructure projects across the globe in the early days of FY25. In summary, we remain confident in our ability to grow the business and deliver superior execution to meet our clients' expectations. We're excited for the future as a more focused company and look forward to presenting our strategic vision for growth over the coming years at our Investor Day in Miami on February 18th. Now I'll turn the call over to Venk to review our financial results in further detail.