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Sep 30, 2022
Jacobs Q4 2022 Earnings Report
Jacobs reported strong Q4 2022 earnings with double-digit operating profit and EPS growth, driven by robust cash flow and backlog.
Key Takeaways
Jacobs Solutions Inc. announced its financial results for the fiscal fourth quarter ended September 30, 2022, with revenue of $3.9 billion, a net earnings of $225 million, and an adjusted EPS of $1.80. The company's backlog increased to $27.9 billion, driven by global climate response, infrastructure, supply chain modernization and national security.
Revenue of $3.9 billion grew 8.2% year-over-year; net revenue up 11% in constant currency.
Net earnings of $225 million and EPS from continuing operations of $1.75.
Adjusted EPS from continuing operations of $1.80, up 14% year-over-year and 18% in constant currency.
Backlog increased $1.2 billion to $27.9 billion, up 5% year-over-year and 8% in constant currency.
Revenue by Segment
Forward Guidance
Based on fiscal 2022 average FX rates, the Company's outlook for fiscal 2023 adj. EBITDA is $1,465M to $1,545M, and adj. EPS of $7.60 to $7.90, up 10% and 12% respectively at the midpoints. Based on FX rates in early November, the Company’s outlook for fiscal 2023 adj. EBITDA is $1,400M to $1,480M and adjusted EPS of $7.20 to $7.50, both up 6% at the midpoints.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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