Spin-off - JACOBS SOLUTIONS INC.
Form Type: 8-K
Filing Date: 2025-05-20
Corporate Action: Spin-off
Type: New
Accession Number: 000005298825000032
Filing Summary: On May 20, 2025, Jacobs Solutions Inc. provided an information statement regarding a distribution of 7,299,065 shares of Amentum Holdings Inc. to its shareholders through a special pro rata dividend. Following this distribution, Jacobs Solutions Inc. will no longer own any shares of Amentum common stock.
Additional details:
Share Distribution: 7299065
Company Distributed: Amentum Holdings Inc.
Dividend Type: special pro rata
Form Type: 10-Q
Filing Date: 2025-05-06
Corporate Action: Spin-off
Type: Update
Accession Number: 000005298825000028
Filing Summary: Jacobs Solutions Inc. reported its quarterly results for the period ended March 28, 2025. Key highlights include a revenue of $2.91 billion, reflecting an increase compared to the prior year. Direct costs associated with contracts totaled $2.17 billion, resulting in a gross profit of approximately $738 million. Selling, general, and administrative expenses were steady at $529 million. Significant losses of $103 million were recorded in miscellaneous expenses, including a loss on extinguishment of debt totaling $20 million. The company reported a net loss of $303,000 for the quarter, with ailments in discontinued operations causing a net loss of $5.55 million. The company is undergoing a corporate action involving a spin-off of certain assets, specifically linked to Amentum Holdings Inc., marking an important strategic move. Additionally, the balance sheet shows total assets of $11.21 billion.
Additional details:
Assets Current: 4444185
Current Liabilities: 2959460
Long Term Debt: 2633620
Goodwill: 4726919
Revenues: 2910415
Net Loss: 303
Form Type: 10-Q
Filing Date: 2025-02-04
Corporate Action: Spin-off
Type: Update
Accession Number: 000005298825000016
Filing Summary: On February 4, 2025, Jacobs Solutions Inc. reported its quarterly earnings for the period ending December 27, 2024. The company indicated a complex financial performance, highlighted by an overall net loss of $5,003,000, contrasting significantly with a net income of $181,454,000 in the same quarter the previous year. The report noted a substantial impact from foreign currency translation adjustments, which resulted in a comprehensive loss attributable to shareholders amounting to $150,897,000. The report elaborated on the company's refinancing efforts through long-term borrowings amounting to $589 million, used primarily to manage existing debts and operational costs. The document particularly discussed the implications of the recent spin-off, designated 'SpinCo Business', which is undergoing integration and financial evaluation processes post-distribution. The firm continues to maintain a significant stockholder equity of $4.2 billion, down from the previous quarter. The performance metrics indicate challenges in gross margins combined with increased operational expenses, and a discussion on market risks was included within the earnings report. Future projections were addressed, along with ongoing efforts to optimize capital structures and leverage operational efficiencies to enhance profitability moving forward.
Additional details:
Number Of Shares Outstanding: 122,543,672
Current Assets: 4946964
Current Liabilities: 3943095
Total Equity: 42206966
Net Loss: 5003
Total Revenue: 2932956
Gross Profit: 721267
Operating Profit: 208418
Net Earnings Per Share Basic: -0.11
Form Type: 8-K
Filing Date: 2024-10-03
Corporate Action: Spin-off
Type: Update
Accession Number: 000095015724001361
Filing Summary: Amentum Holdings, Inc. has announced the completion of a spin-off transaction involving Jacobs Solutions Inc. This spin-off, which includes the transfer of certain business operations known collectively as the SpinCo Business, was executed through a Reverse Morris Trust structure. The transactions outlined include the transfer of assets and a distribution of shares to Jacobs' stockholders. Additionally, new leadership has been introduced following the spin-off, with significant changes to the board and executive positions. The significant transaction confirms Jacobs' continued interest in the governance and operational actions of the newly formed entity.
Additional details:
Newco Cik: 2011286
Parent Cik: 52988
File Number: 001-42176
Access 12: 000095015724
: 0
Spin Off Id: 506
Form Type: 8-K
Filing Date: 2024-09-30
Corporate Action: Spin-off
Type: Update
Accession Number: 000119312524228379
Filing Summary: This announcement details Jacobs Solutions Inc.'s successful spin-off of its Critical Mission Solutions business, now operating under the name Amentum Holdings, Inc. The transaction was finalized through a reverse merger and distribution of shares to Jacobs' stockholders.
Additional details:
Newco Cik: 2011286
Parent Cik: 52988
File Number: 1-7463
Access 12: 000119312524
: 0
Spin Off Id: 506
Form Type: 8-K
Filing Date: 2024-09-18
Corporate Action: Spin-off
Type: New
Accession Number: 000119312524221432
Filing Summary: The document discusses the spin-off of Amazon Holdco Inc. by Jacobs Solutions Inc., which is part of a plan to merge with Amentum Parent Holdings LLC in a Reverse Morris Trust transaction. Amentum Equityholder will receive a significant portion of the stock, with Jacobs and its shareholders expected to own between 58.5% and 63% of the SpinCo Common Stock.
Additional details:
Newco Cik: 2011286
Parent Cik: 52988
File Number: 001-42176
:
Effective Date: 2024-09-27
Form Type: 8-K
Filing Date: 2024-09-18
Corporate Action: Spin-off
Type: Update
Accession Number: 000119312524221430
Filing Summary: Jacobs Solutions Inc. is announcing a spin-off of its Critical Mission Solutions and Cyber & Intelligence government services businesses through a merger with Amentum. This transaction is set to be executed following the distribution of shares of the new entity, referred to as SpinCo, to Jacobs' existing shareholders. The significant event is anticipated to create new opportunities within the combined business. The SEC has declared the related registration statement effective as of September 18, 2024, and the spin-off is scheduled to be completed on September 27, 2024. The announcement includes provisions for trading shares starting from September 24, 2024, under the ticker symbol "AMTM WI," transitioning to "AMTM" on September 30, 2024.
Additional details:
Newco Cik: 2011286
Parent Cik: 52988
File Number: 001-42176
Access 12: 000119312524
: 0
Spin Off Id: 506
Form Type: 8-K
Filing Date: 2024-04-01
Corporate Action: Spin-off
Type: New
Accession Number: 000119312524082779
Filing Summary: The document discusses a proposed spin-off and merger with Amentum related to the Company's Critical Missions Solutions (CMS) business and portions of the Divergent Solutions business.
Additional details:
Newco Cik: 2011286
Parent Cik: 52988
File Number: 1-7463
:
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