But not good enough with in line EPS for next year and 3 cents above Avg. Estimate. This is a momentum stock the EPS should have been at least 90C to hold it firm at these levels. See you in the 60s tomorrow.
* Backlog increased $3.8 billion, or 38.9%, from September 30, 2006 to $13.6 billion
* Fiscal 2007 net earnings increased 45.8% from fiscal 2006 to $287.1 million
* Fiscal 2007 diluted EPS increased 43.3% to $2.35 per share
* Fourth quarter net earnings increased 42.9% from last year to $83.9 million
* Fourth quarter diluted EPS increased 38.8% from last year to $0.68
Jacobs reported today record net earnings of $287.1 million, or $2.35 per diluted share, on revenues of $8.5 billion for its fiscal year ended September 30, 2007. This compares to net earnings of $196.9 million, or $1.64 per diluted share, on revenues of $7.4 billion for fiscal 2006.
For the fourth quarter of fiscal 2007, Jacobs reported net earnings of $83.9 million, or $0.68 per diluted share, on revenues of $2.3 billion. This compares to net earnings of $58.7 million, or $0.49 per diluted share, on revenues of $2.0 billion for the fourth quarter of fiscal 2006.
Jacobs also announced backlog totaling $13.6 billion at September 30, 2007, including a technical professional services component of $6.2 billion. This compares to total backlog and technical professional services backlog of $9.8 billion and $5.2 billion, respectively, at September 30, 2006. During the current quarter, the Company booked an additional $1.9 billion relating to the previously-announced refinery expansion project for Motiva Enterprises LLC.