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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
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.
Historical Earnings Impact
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