Jacobs Engineering (JEC) Misses Q2 EPS by 1c, Revenue In-Line

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Go back to Jacobs Engineering (JEC) Misses Q2 EPS by 1c, Revenue In-Line

Jacobs Reports Earnings for the Second Quarter of Fiscal 2019

May 7, 2019 6:15 AM EDT

DALLAS, May 7, 2019 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) today announced its financial results for the fiscal second quarter ended March 29, 2019.

Q2 2019 Highlights:

Revenue of $3.1 billion1 grew 7.7% year-over-year and 8.7% on net revenue basis Operating profit up double-digit year-over-year; OP margin up more than 120 bps EPS from continuing operations of $0.82, affected by CH2M related restructuring and ECR divestiture costs Adjusted EPS from continuing operations of $1.19, up 37% year-over-year Backlog increased $1.5 billion, or 8% year-over-year to $20.7 billion Increasing fiscal 2019 adjusted pro forma... More