Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Jacobs Engineering reports 'positive outlook' for first quarter

Jacobs Engineering Group has revealed first quarter earnings of $89.7M (£57M) with a backlog of work worth £9.25bn.

The figures relate to the first quarter of fiscal 2012 ending 30 December 2011. For this same period diluted share stood at 45p and revenue was £1.68bn.

For the same period the previous financial year, net earnings stood at £41.98M, or 33p per diluted share, and revenues of £1.5bn.

The £9.25bn backlog includes a technical professional services component of £6.1bn. This compares to total backlog and technical professional services backlog of £8.29bn and £5.04bn, respectively, for the same period the previous year.

“The business continues to benefit from improving markets and solid sales and operations performance. Our outlook remains positive, as the number and quality of our prospects continue to grow,” said Jacobs president and chief executive Craig Martin.

“With first quarter results in-line with our expectations, we are maintaining our guidance at 179p to 204p per share,” added Jacobs chief financial officer John Prosser Jr.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.