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Dec 31, 2021
Jacobs Q1 2022 Earnings Report
Jacobs reported flat revenue and increased net revenue, with significant backlog growth and strong cash flow from operations.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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