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Apr 01, 2022

Jacobs Q2 2022 Earnings Report

Jacobs reported strong Q2 2022 earnings with year-over-year revenue growth across all lines of business and backlog up 9%.

Key Takeaways

Jacobs Engineering Group Inc. announced its financial results for the fiscal second quarter ended April 1, 2022. Revenue was up 8.1% year-over-year, backlog increased 8.7% year-over-year, and adjusted EPS from continuing operations was up 4% year-over-year.

Revenue of $3.8 billion up 8.1% year-over-year.

Backlog increased $2.2 billion to $27.8 billion, up 8.7% year-over-year.

EPS from continuing operations of $0.68, primarily reflecting a charge of $0.63 for the final settlement of the Legacy CH2M Matter and associated legal fees incurred during the quarter.

Adjusted EPS from continuing operations of $1.72, up 4% year-over-year.

Total Revenue
$3.83B
Previous year: $3.55B
+8.1%
EPS
$1.72
Previous year: $1.66
+3.6%
Backlog
$27.8B
Previous year: $25.6B
+8.6%
Gross Profit
$870M
Previous year: $767M
+13.5%
Cash and Equivalents
$1.24B
Previous year: $893M
+38.3%
Free Cash Flow
$95.7M
Previous year: $209M
-54.3%
Total Assets
$15.2B
Previous year: $15.6B
-2.4%

Jacobs

Jacobs

Jacobs Revenue by Segment

Forward Guidance

The company now expects fiscal 2022 adjusted EBITDA of $1,385 million to $1,435 and adjusted EPS of $6.95 to $7.35.

Revenue & Expenses

Visualization of income flow from segment revenue to net income