Jacobs Q4 2022 Earnings Report
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.
Jacobs
Jacobs
Jacobs 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income