SINGAPORE - Jacobs (NYSE:J) has been appointed by Singapore’s national water agency PUB to conduct a feasibility study for a potential new desalination plant, according to a press release statement.
The study will examine land-optimized designs for the facility, including the integration of multistory buildings or deeper basements to house treatment facilities. The project aims to address land constraints in Singapore’s urban environment.
Jacobs will also assess the viability of a dual-mode facility capable of treating both seawater and freshwater. The company’s scope includes advisory and feasibility services, conceptual design development, treatment technology assessment, construction methodology analysis, lifecycle cost evaluation and risk assessment.
The appointment extends Jacobs’ relationship with PUB, which has included projects such as the Deep Tunnel Sewerage System, NEWater facilities, Changi Water Reclamation Plant, Tuas Water Reclamation Plant and the New Kranji Water Reclamation Plant.
Jacobs President of Global Operations Patrick Hill said the company will combine its global desalination and water reuse capabilities with local delivery capability to explore solutions that optimize land resources.
The company has worked on desalination projects in the region, including the Sydney Desalination Plant and Gold Coast Desalination Plant in Australia, as well as the Tuas Desalination Plant in Singapore.
Jacobs reported approximately $12 billion in annual revenue and employs approximately 47,000 people. The company provides services across advanced manufacturing, cities and places, energy, environmental, life sciences, transportation and water sectors. More precisely, the company’s revenue reached $13.17 billion over the last twelve months, with a market capitalization of $14.69 billion. According to InvestingPro analysis, Jacobs appears undervalued at current levels, placing it among opportunities on the Most Undervalued stocks list. The company has raised its dividend for 7 consecutive years, with analysts expecting net income growth this year. Investors can access 8 additional InvestingPro Tips and comprehensive analysis through the platform’s Pro Research Report, available for Jacobs and 1,400+ other US equities.
Hill is scheduled to speak at the Singapore International Water Week Titans of Industry session on Tuesday.
In other recent news, Jacobs Engineering Group Inc. reported strong fiscal Q2 2026 results, surpassing both earnings and revenue forecasts. The company achieved an earnings per share (EPS) of $1.75, beating the anticipated $1.64, which is a surprise of 6.71%. Revenue was reported at $2.3 billion, slightly exceeding the expected $2.28 billion. In personnel updates, Jacobs appointed Cheryl Lim as the new chief human resources officer. Lim, who will be based in Dallas, joins from Vertiv Holdings and will report directly to Chair and CEO Bob Pragada. Additionally, Bernstein SocGen Group reiterated an Outperform rating for Jacobs Engineering, maintaining a price target of $163. Bernstein noted that AI is enhancing Jacobs’ operating model, dismissing concerns about AI disintermediation. These developments reflect Jacobs Engineering’s ongoing strategic initiatives and financial performance.
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