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Jul 01, 2022

Jacobs Q3 2022 Earnings Report

Jacobs reported strong revenue growth across all lines of business and double-digit pro forma year-over-year revenue growth in constant currency.

Key Takeaways

Jacobs Engineering Group Inc. announced its financial results for the fiscal third quarter ended July 1, 2022, with revenue of $3.8 billion up 7.0% year-over-year and backlog increased to $28.1 billion, up 10.4% year-over-year.

Revenue of $3.8 billion up 7.0% year-over-year.

Backlog increased $2.7 billion to $28.1 billion, up 10.4% year-over-year and up 13% in constant currency

EPS from continuing operations of $1.52, compared to $0.82 in Q3 2021

Adjusted EPS from continuing operations of $1.86, up 13% year-over-year

Total Revenue
$3.83B
Previous year: $3.58B
+7.0%
EPS
$1.86
Previous year: $1.64
+13.4%
Backlog
$28.1B
Previous year: $25.4B
+10.6%
Gross Profit
$762M
Previous year: $817M
-6.7%
Cash and Equivalents
$1.1B
Previous year: $966M
+14.1%
Free Cash Flow
-$281M
Previous year: $153M
-283.9%
Total Assets
$14.7B
Previous year: $15.2B
-3.2%

Jacobs

Jacobs

Jacobs Revenue by Segment

Forward Guidance

The company expects fiscal fourth quarter adjusted EBITDA of $340 to $360 million and adjusted EPS of $1.75 to $1.85.

Revenue & Expenses

Visualization of income flow from segment revenue to net income