Jacobs Engineering Group Inc. Reports Earnings for the First Quarter of Fiscal 2015
finance.yahoo.com
Jacobs reported today net earnings of $100.1 million, or $0.77 per diluted share, on revenues of $3.2 billion for its first quarter of fiscal 2015 ended December 26, 2014. This compares to net earnings of $93.7 million, or $0.71 per diluted share, on revenues of $3.1 billion for the first quarter of fiscal 2014 ended December 27, 2013.
Jacobs also announced record total backlog of $19.1 billion at December 26, 2014, including a technical professional services component of $13.2 billion. This is up approximately 5.8% from total backlog and up approximately 7.7% from technical professional services backlog of $18.1 billion and $12.3 billion, respectively, at December 27, 2013. This is also up approximately 4.0% from total backlog and up approximately 3.3% from technical professional services backlog of $18.4 billion and $12.6 billion, respectively, at September 26, 2014.
Commenting on the results for the first quarter, Jacobs Executive Chairman Noel Watson stated, “We were pleased with the first quarter results. Backlog is at record levels. First quarter sales were strong, and the prospect list for the rest of the year is good. Even so, the oil and commodity prices create a level of uncertainty for our industry, which leads us to be cautious in our outlook.” |
