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Dec 27, 2019
Jacobs Q1 2020 Earnings Report
Jacobs' Q1 2020 earnings were reported, driven by innovative solutions and disciplined execution, resulting in strong and consistent performance.
Key Takeaways
Jacobs reported a strong first quarter with a 9% year-over-year increase in gross revenue and an 11% increase in backlog. The company maintains its fiscal year 2020 profit outlook and expects improved free cash flow.
Gross revenue grew 9.0% year-over-year.
EPS from continuing operations was $1.33.
Backlog increased $2.3 billion to $22.7 billion, up 11% year-over-year.
Fiscal 2020 adjusted EBITDA outlook of $1.050 billion to $1.150 billion is maintained.
Jacobs
Jacobs
Forward Guidance
Jacobs maintains its fiscal year 2020 adjusted EBITDA outlook of $1.050 billion to $1.150 billion and expects improved free cash flow for the balance of fiscal year 2020.