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Jan 01, 2021

Jacobs Q1 2021 Earnings Report

Jacobs reported strong year-over-year operating profit growth and recognized gain from early stage investment in AI software provider C3.ai. The company delivered on sustainability commitment to achieve net carbon zero in 2020 and announced favorable PA Consulting shareholder vote. Midpoint of fiscal 2021 adjusted EBITDA and adjusted EPS outlook was increased.

Key Takeaways

Jacobs reported a revenue of $3.4 billion, a 0.6% year-over-year increase, and an EPS from continuing operations of $1.96, up 47% year-over-year. Adjusted EPS from continuing operations was $1.41, up 17% year-over-year. Backlog increased $2.4 billion to $25.1 billion, up 11% year-over-year.

Revenue of $3.4 billion grew 0.6% year-over-year.

EPS from continuing operations of $1.96 up 47% year-over-year

Adjusted EPS from continuing operations of $1.41 up 17% year-over-year

Backlog increased $2.4 billion to $25.1 billion, up 11% year-over-year

Total Revenue
$3.38B
Previous year: $3.36B
+0.7%
EPS
$1.41
Previous year: $1.2
+17.5%
Backlog
$25.1B
Previous year: $22.7B
+10.6%
Gross Profit
$632M
Previous year: $645M
-1.9%
Cash and Equivalents
$837M
Previous year: $619M
+35.2%
Free Cash Flow
$95.9M
Previous year: -$159M
-160.1%
Total Assets
$12.8B
Previous year: $12.2B
+4.6%

Jacobs

Jacobs

Jacobs Revenue by Segment

Forward Guidance

The company now expects fiscal 2021 adjusted EBITDA of $1,075 million to $1,155 million and adjusted EPS of $5.30 to $6.00 from its previous outlook of adjusted EBITDA of $1,055 million to $1,155 million and adjusted EPS of $5.20 to $6.00.

Revenue & Expenses

Visualization of income flow from segment revenue to net income