Loading...
•
Jun 26, 2020
Jacobs Q3 2020 Earnings Report
Jacobs' Q3 2020 earnings were released, revealing increased revenue and backlog, alongside a revised fiscal year outlook.
Key Takeaways
Jacobs reported a 2.9% year-over-year increase in gross revenue to $3.3 billion, with backlog increasing to $23.7 billion. The company has revised its fiscal 2020 outlook for adjusted EBITDA and adjusted EPS.
Gross revenue grew 2.9% year-over-year to $3.3 billion.
EPS from continuing operations increased significantly year-over-year to $1.73.
Backlog increased by $1.2 billion to $23.7 billion, a 5% year-over-year increase.
Cash flow from operations and free cash flow were well over $300 million.
Jacobs
Jacobs
Forward Guidance
The company now expects fiscal 2020 adjusted EBITDA of $1,000 million to $1,050 million and adjusted EPS of $5.05 to $5.30.