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Jul 02, 2021

Jacobs Q3 2021 Earnings Report

Jacobs reported strong Q3 2021 earnings, increased full-year fiscal 2021 outlook, and saw PA Consulting Q3 revenue up 36% year-over-year.

Key Takeaways

Jacobs reported a revenue of $3.6 billion, a 9.7% year-over-year increase. Adjusted EPS from continuing operations was $1.64. The company increased its fiscal 2021 adjusted EBITDA and adjusted EPS outlook. Backlog increased to $25.4 billion, up 7% year-over-year.

Revenue of $3.6 billion grew 9.7% year-over-year.

Adjusted EPS from continuing operations of $1.64.

Backlog increased $1.8 billion to $25.4 billion, up 7% year-over-year.

Increased fiscal 2021 adjusted EBITDA and adjusted EPS outlook.

Total Revenue
$3.58B
Previous year: $3.26B
+9.7%
EPS
$1.64
Previous year: $1.26
+30.2%
Backlog
$25.4B
Previous year: $23.7B
+7.2%
Gross Profit
$817M
Previous year: $629M
+29.9%
Cash and Equivalents
$966M
Previous year: $1.02B
-5.7%
Free Cash Flow
$153M
Previous year: $300M
-49.1%
Total Assets
$15.2B
Previous year: $12.6B
+20.6%

Jacobs

Jacobs

Jacobs Revenue by Segment

Forward Guidance

The company now expects fiscal 2021 adjusted EBITDA of $1,210 million to $1,275 million and adjusted EPS of $6.15 to $6.35. The company is also increasing the expected adjusted EPS net accretion from PA Consulting to $0.35 to $0.37.

Revenue & Expenses

Visualization of income flow from segment revenue to net income