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Dec 30, 2022

Jacobs Q1 2023 Earnings Report

Jacobs reported first quarter of fiscal year 2023 earnings with double-digit revenue growth and strong profitability performance.

Key Takeaways

Jacobs' Q1 2023 results showed strong year-over-year growth, with revenue up 12.4% and adjusted EPS up 7%. The company highlighted its commitment to gender diversity and reiterated its fiscal year 2023 adjusted EBITDA and EPS outlook.

Revenue of $3.8 billion, up 12.4% year-over-year.

Backlog of $28.3 billion, up 1% year-over-year.

EPS from continuing operations of $1.07, up 4% year-over-year.

Adjusted EPS from continuing operations of $1.67, up 7% year-over-year.

Total Revenue
$3.8B
Previous year: $3.38B
+12.4%
EPS
$1.67
Previous year: $1.56
+7.1%
Backlog
$28.3B
Previous year: $28B
+1.1%
Gross Profit
$815M
Previous year: $796M
+2.3%
Cash and Equivalents
$1.21B
Previous year: $1.25B
-2.7%
Free Cash Flow
$270M
Previous year: $302M
-10.7%
Total Assets
$14.9B
Previous year: $14.8B
+0.8%

Jacobs

Jacobs

Jacobs Revenue by Segment

Forward Guidance

The company continues to expect fiscal year 2023 adjusted EBITDA in a range of $1,400 to $1,480 million and adjusted EPS of $7.20 to $7.50.

Revenue & Expenses

Visualization of income flow from segment revenue to net income