Skip to main content
Publish date:

Jacobs Earnings Rise 53%

Revenue beats targets.

Jacobs Engineering

(JEC) - Get Jacobs Engineering Group Inc. (J) Report

said fourth quarter earnings rose 53.3% from a year ago.

The company earned $58.7 million, or 97 cents a share, in the quarter, compared with $38.3 million, or 64 cents a share, a year ago. Earnings for the quarter include a tax benefit of 5 cents a share. Analysts polled by Thomson First Call expected 85 cents a share for the quarter.

TheStreet Recommends

Revenue rose 30.3% to $1.98 billion. According to Thomson First Call, analysts had estimated a revenue of $1.94 billion for the third quarter.

For fiscal 2007, the company expects to earn $3.75 to $4.05 a share. Analysts polled by Thomson First Call expect EPS of $3.73.

The Pasadena, Calif.-based company's revenue from technical professional services rose 25% to $923 million, while the revenue from field services jumped 36% to $1.06 billion. Jacobs' reported order backlog totalled $9.8 billion at the end of the third quarter, compared with $8.6 billion a year ago.

"Clearly we had a strong quarter, capping a good year. Earnings, sales, and backlog are at record levels. Our customers are continuing to invest, so we expect to see growth continuing throughout FY 2007," the company said.

This story was created through a joint venture between and IRIS.