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Mar 27, 2020
Jacobs Q2 2020 Earnings Report
Reported fiscal second quarter earnings and prioritized employee health and safety during COVID-19 crisis.
Key Takeaways
Jacobs reported a 10.9% year-over-year growth in gross revenue, reaching $3.4 billion. The company's backlog increased by $2.6 billion to $23.3 billion, and they expect strong free cash flow for the second half of fiscal year 2020. Adjusted EPS from continuing operations was $1.39, including $0.07 in discrete tax benefits.
Gross revenue grew 10.9% year-over-year to $3.4 billion.
Adjusted EPS from continuing operations of $1.39, including $0.07 in discrete tax benefits.
Backlog increased $2.6 billion to $23.3 billion, up 12.5% year-over-year.
Company expects strong free cash flow for the balance of FY20.
Jacobs
Jacobs
Forward Guidance
The company now expects fiscal 2020 adjusted EBITDA of $950 million to $1,050 million and adjusted EPS of $4.80 to $5.30.