Jacobs (J) Misses Q1 EPS by 2c
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Jacobs Reports Fiscal First Quarter 2022 Earnings
February 8, 2022 6:40 AM ESTDALLAS, Feb. 8, 2022 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: J) today announced its financial results for the fiscal first quarter ended December 31, 2021.
Q1 2022 Highlights:
Revenue of $3.4 billion flat year-over-year and net revenue increased 6.4% year-over-year Backlog increased $2.9 billion to $28.0 billion, up 12% year-over-year Cash flow from operations of $322 million; on track to achieve FY22 cash conversion target EPS from continuing operations of $1.03, down 47% year-over-year, primarily reflecting charge of $0.41 associated with strategic reduction in real estate footprint Adjusted EPS from continuing... More