Jacobs Engineering Group Inc. Reports Earnings for the First Quarter of Fiscal 2012

Thursday, Jan 26, 2012

Jacobs Engineering Group Inc. (NYSE: JEC) announced today its financial results for the first quarter of fiscal 2012 ended December 30, 2011.  

First Quarter Fiscal 2012 Highlights:

• Net earnings of $89.7 million;
• Diluted EPS of $0.70; and,
• Backlog at December 30, 2011 of $14.5 billion.

Jacobs reported today net earnings of $89.7 million, or $0.70 per diluted share, on revenues of $2.63 billion for its first quarter of fiscal 2012 ended December 30, 2011.  This compares to net earnings of $65.8 million, or $0.52 per diluted share, on revenues of $2.36 billion for the first quarter of fiscal 2011 ended December 31, 2010.

Jacobs also announced today backlog totaling $14.5 billion at December 30, 2011, including a technical professional services component of $9.5 billion.  This compares to total backlog and technical professional services backlog of $13.0 billion and $7.9 billion, respectively, at December 31, 2010.

Commenting on the results for the first quarter, Jacobs President and CEO Craig L. Martin stated, "The business continues to benefit from improving markets and solid sales and operations performance.  Our outlook remains positive, as the number and quality of our prospects continue to grow."

Commenting on the Company's earnings outlook for the remainder of fiscal 2012, Jacobs Chief Financial Officer John W. Prosser, Jr. stated, "With first quarter results in-line with our expectations, we are maintaining our guidance at $2.80 to $3.20 per share."

Jacobs is hosting a conference call at 11:00 a.m. Eastern Time onThursday, January 26, 2012, which they are webcasting live on the Internet at www.jacobs.com.

Sourc: Jacobs