May. 5 at 9:41 PM
$J
- This is a complicated story to understand based on the financial numbers given divestitures and several adjustments
- In essence, the top line growth is 9% YoY. The Adjusted Net Earnings are up 17% YoY at
$206M for the quarter
- Book to Bill seems very strong at 1.2x and 1.4x for TTM. An important indicator of future trajectory. Their total backlog now stands at
$27BN which is up by
$5BN YoY.
- They have won some significant projects in water, data center, airports, energy business et al. Their data center business grew 100% YoY in Q2. Energy business growing at 40%. The continuation of this growth trajectory can transform the earning power of this company as they form larger part of their revenue mix.
- I believe we are in first inning of the growth story of Jacob’s. This company will start showing strong growth numbers and can replicate some of the returns we have seen with
$PWR and
$STRL. This is an amazing entry point in this stock
