Jacobs Q1 2022 Earnings Report
Key Takeaways
Jacobs reported flat year-over-year revenue but a 6.4% increase in net revenue. The company saw a significant increase in backlog and strong cash flow from operations. Adjusted EPS increased, but GAAP EPS decreased due to strategic real estate footprint reduction.
Revenue of $3.4 billion was flat year-over-year, but net revenue increased 6.4% year-over-year.
Backlog increased $2.9 billion to $28.0 billion, up 12% year-over-year.
Cash flow from operations was $322 million.
Adjusted EPS from continuing operations was $1.56, up 11% year-over-year.
Jacobs
Jacobs
Jacobs Revenue by Segment
Forward Guidance
The company continues to expect fiscal 2022 adjusted EBITDA of $1,370 million to $1,450 million and adjusted EPS of $6.85 to $7.45. Jacobs continues to expect adjusted EPS of approximately $10.00 in fiscal 2025.
Positive Outlook
- Fiscal 2022 adjusted EBITDA of $1,370 million to $1,450 million expected.
- Fiscal 2022 adjusted EPS of $6.85 to $7.45 expected.
- Adjusted EPS of approximately $10.00 expected in fiscal 2025.
- Anticipated benefits to People and Places Solutions from the recently passed Infrastructure Investment and Jobs Act.
- Executing against a robust Critical Mission Solutions sales pipeline.
Revenue & Expenses
Visualization of income flow from segment revenue to net income