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Investor Presentaiton

38 38 Reconciliation of GAAP to Adjusted Results Reconciliation of Earnings from Continuing Operations Before Taxes to Adjusted Earnings from Continuing Operations Before Taxes (in thousands) Earnings from Continuing Operations Before Taxes Three Months Ended September 29, 2023 September 30, 2022 Twelve Months Ended September 29, September 30, 2023 2022 240,199 $ 279,862 916,679 $ 876,347 Restructuring, Transaction and Other Charges (1): Focus 2023 Transformation, mainly real estate rescaling efforts 8,199 3,764 47,495 80,696 Transaction costs 372 6,125 15,985 24,329 Restructuring, integration and separation charges 46,639 (24,801) 85,540 80,367 Other Adjustments (2): Amortization of intangibles Other 51,674 (4,162) 51,713 203,906 980 198,602 5 Adjusted Earnings from Continuing Operations Before Taxes 342,921 $ 316,663 $ 1,270,585 $ 1,260,346 (1) Includes pre-tax non-cash charge 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 related to the final pre-tax settlement of the Legacy CH2M Matter, net of previously recorded reserves, approximately $27 million in third party recoveries recorded as receivables reducing SG&A, as well as pre-tax earnings impacts from charges associated with various transaction costs incurred with our acquisition and restructuring related activity associated with Company restructuring and integration programs. (2) Includes pre-tax charges for the removal of amortization of intangible assets for the three months and years ended September 29, 2023 and September 30, 2022, and for the three months and year ended September 29, 2023, the impact of certain subsidiary level contingent equity-based agreements in connection with the transaction structure of our PA Consulting investment. Jacobs 2023
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