Jacobs Engineering Posts Increase in 4Q Profit, Revenue

Dow Jones2022-11-21

By Dean Seal

Jacobs Engineering Group Inc. reported higher earnings in its fiscal fourth quarter as both its top line and backlog grew and its operating margin expanded.

The Dallas-based company posted a profit of $225.2 million, or $1.75 a share, compared with $43.1 million, or 33 cents a share, in the same quarter a year ago.

Stripping out restructuring costs, transaction costs and other one-time items, adjusted earnings were $1.80 a share. Analysts polled by FactSet had been expecting $1.77 a share.

Revenue came in at $3.88 billion, up from $3.59 billion last year and above the $3.79 billion analysts had been expecting, according to FactSet.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

November 21, 2022 07:08 ET (12:08 GMT)

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