This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Jacobs Reports Record Net Earnings For Fiscal 2013

Stocks in this article: JEC

Jacobs Engineering Group Inc. (NYSE:JEC) announced today its financial results for the fiscal year and fourth quarter ended September 27, 2013.

Fiscal 2013 and Fourth Quarter Fiscal 2013 Highlights:

  • Net earnings for fiscal 2013 of $423.1 million;
  • Diluted EPS for fiscal 2013 of $3.23;
  • Net earnings for the fourth quarter of fiscal 2013 of $110.8 million;
  • Diluted EPS for the fourth quarter of fiscal 2013 of $0.84; and,
  • Backlog at September 27, 2013 of $17.2 billion.

Jacobs reported net earnings of $423.1 million, or $3.23 per diluted share, on revenues of $11.8 billion for its fiscal year ended September 27, 2013. This compares to net earnings of $379 million, or $2.94 per diluted share ($375 million, or $2.91 per diluted share excluding a one-time gain), on revenues of $10.89 billion for fiscal 2012.

For the fourth quarter of fiscal 2013, Jacobs reported net earnings of $110.8 million, or $0.84 per diluted share, on revenues of $3.14 billion. This rose from net earnings of $107.4 million, or $0.83 per diluted share ($103.4 million, or $0.80 per diluted share excluding a one-time gain), on revenues of $2.79 billion for the same period in fiscal 2012.

Included in the Company's results for the fiscal year and quarter ended September 28, 2012 was a one-time, after-tax gain of $4.0 million, or $0.03 per diluted share, related to the sale of the Company's intellectual property for iron ore pelletizing and other related assets.

Jacobs also announced that backlog grew by 8.2%, totaling $17.2 billion at September 27, 2013, including a technical professional services component of $11.1 billion. This compares to total backlog and technical professional services backlog of $15.9 billion and $10.3 billion, respectively, at September 28, 2012.

Commenting on the results for the year, Jacobs President and CEO Craig L. Martin stated, “It was a record year for net earnings at Jacobs. We grew organically by ten percent and both our business and our opportunities continue to grow. We’re discovering new and innovative ways to add sustainable value to our clients’ projects around the world. Our backlog is good, and we’re positive about FY2014.”

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs