Investor Presentaiton
Reconciliation of GAAP to Adjusted Results
Reconciliation of Diluted Net Earnings from Continuing Operations Per Share to Adjusted Diluted Net Earnings from
Continuing Operations Per Share
43
Diluted Net Earnings from Continuing
Operations Per Share
$
Three Months Ended
September 29,
2023
September 30,
2022
September 29,
2023
Twelve Months Ended
September 30,
2022
1.25 $
1.75
$
5.31
$
4.98
After-tax effects of Restructuring,
Transaction and Other Charges (1):
Focus 2023 Transformation, mainly real
estate rescaling efforts
0.05
0.02
0.28
0.49
Transaction costs
(0.06)
0.03
0.02
0.14
Restructuring, integration and separation
charges
0.31
(0.38)
0.53
0.28
After-tax effects of Other Adjustments (2):
Amortization of intangibles
0.27
0.27
1.06
1.02
Other income tax adjustments
0.10
0.11
(0.01)
0.03
Other
(0.02)
0.00
0.00
0.00
Adjusted Diluted Net Earnings from
Continuing Operations Per Share
$
1.90 $
1.80 $
7.20 $
6.93
(1) Includes estimated per-share impacts from the separation activities around the CMS spin-off and from restructuring charges relating to the
Company's investment in PA Consulting for the three months and year ended September 29, 2023, along with real estate impairments
associated with the Company's Focus 2023 transformation program for the three months and years ended September 29, 2023 and
September 30, 2022, and for the year ended September 30, 2022, the final pre-tax settlement of the Legacy CH2M Matter, net of previously
recorded reserves and third party recoveries recorded as receivables reducing SG&A. Fiscal 2023 includes $8.3 million or $0.06 per share in
EPS numerator adjustments associated with redeemable noncontrolling interests preference share repurchase and reissuance activities, which
does not affect net earnings. Also includes related impacts associated with various transaction costs incurred with our acquisition and
restructuring related activity costs associated with Company restructuring and integration programs.
(2) Includes estimated per-share impacts from amortization of intangible assets for the three months and years ended September 29, 2023
and September 30, 2022, certain income tax adjustments for the purposes of presenting the Company's expected annual non-GAAP effective
tax rate to facilitate a more meaningful evaluation of the Company's current operating performance and comparisons to the Company's
operating performance in other periods for the three months ended September 29, 2023 and September 30, 2022 and additionally, for the
year-to-date periods, impacts related to tax rate increases in the UK in a prior period and certain subsidiary level contingent equity-based
agreements in connection with the transaction structure of our PA Consulting investment for the three months and year ended September 29,
2023.
Jacobs 2023View entire presentation