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Free Post Earnings Research Report: Jacobs Engineering’s Q1 Bottom-Line Outshone Forecasts

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LONDON, UK / ACCESSWIRE / March 07, 2018 / Active-Investors.com has just released a free earnings report on Jacobs Engineering Group Inc. (NYSE: JEC). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=JEC. The Company posted its first quarter fiscal 2018 financial results on February 07, 2018. The Company's adjusted diluted earnings per share (EPS) rose 13% y-o-y, beating market consensus forecasts. Register today and get access to over 1000 Free Research Reports by joining our site below:


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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Jacobs Engineering Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:


Earnings Highlights and Summary

The Dallas, Texas-based Company reported revenues of $2.75 billion in Q1 FY18, which came in above the $2.55 billion recorded in the prior year's same quarter. The Company's revenue numbers outshone market expectations of $2.56 billion.

For the quarter ended December 29, 2017, the construction and technical services Company's net income attributable to common shareholders came in at $2.16 million, or $0.02 per diluted share, compared to a net income of $60.54 million, or $0.50 per diluted share, in Q1 FY17. Excluding certain items, the Company reported an adjusted net income attributable to common shareholders of $96.98 million, or $0.77 per diluted share, in Q1 FY18 versus $83.34 million, or $0.68 per diluted share, in the prior year's comparable period. Furthermore, Wall Street had expected the Company to report an adjusted net income of $0.67 per share in Q1 FY18.

Operational Metrics

In Q1 FY18, Jacobs Engineering's direct cost of contracts was $2.26 billion versus $2.13 billion in Q1 FY17. The Company's gross profit rose to $487.18 million in Q1 FY18 from $419.31 million in the previous year's corresponding quarter. The Company's gross margin also improved 130 basis points to 18% y-o-y in Q1 FY18. The Company incurred selling, general, and administrative expenses (SG&A) of $439.54 million in Q1 FY18, rising from $330.68 million in Q1 FY17. Furthermore, the Company's adjusted operating profit stood at $134.63 million in Q1 FY18.

Segment Results

In Q1 FY18, Jacobs Engineering's Aerospace & Technology segment's revenues grew to $721.57 million from $577.44 million in Q1 FY17. The segment's operating profit also increased to $65.82 million in Q1 FY18 from $51.09 million in the prior year's same quarter.

The Company's Buildings & Infrastructure segment's revenues rose to $658.47 million in Q1 FY18 from $580.62 million in the year ago comparable quarter. Furthermore, the segment's operating profit surged to $45.27 million in Q1 FY18 from $38.80 million in Q1 FY17.

Jacobs Engineering's Industrial segment's revenues fell to $749.32 million in Q1 FY18 from $751.74 million in Q1 FY17. Meanwhile, the segment reported an operating profit of $38.11 million in Q1 FY18, which came in above $25.13 million in Q1 FY17.

During Q1 FY18, The Company's Petroleum & Chemicals segment's revenues declined to $620.96 million from $641.81 million in Q1 FY17. However, the segment's operating profit rose to $27.56 million in Q1 FY18 from $23.65 million in Q1 FY17.

Cash Matters and Balance Sheet

In Q1 FY18, the Company's cash flow from operations declined to $46.89 million from $110.43 million in Q1 FY17. As on December 29, 2017, Jacobs Engineering reported cash and cash equivalents of $1.06 billion compared to $774.15 million as on September 29, 2017. Furthermore, the Company had a long-term debt balance amounting to $2.59 billion as on December 29, 2017, versus $235.00 million as on September 29, 2017.


Jacobs Engineering's management raised its adjusted EPS outlook for the full fiscal year 2018, including the approximate nine-month contribution from the CH2M acquisition, to $3.85 to $4.25 from the prior guidance of $3.55 to $3.95.

Stock Performance Snapshot

March 06, 2018 - At Tuesday's closing bell, Jacobs Engineering Group's stock marginally advanced 0.15%, ending the trading session at $60.20.

Volume traded for the day: 1.22 million shares, which was above the 3-month average volume of 1.21 million shares.

Stock performance in the last previous six-month period – up 9.20%; and past twelve-month period – up 6.70%

After yesterday's close, Jacobs Engineering Group's market cap was at $8.43 billion.

Price to Earnings (P/E) ratio was at 27.72.

The stock has a dividend yield of 1.00%.

The stock is part of the Services sector, categorized under the Technical Services industry. This sector was up 0.9% at the end of the session.


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