Jacobs CEO identifies 3 ‘multi-decade investment opportunities’

Dive Brief:

  • Dallas-primarily based specialized, specialist and development solutions business Jacobs Engineering group posted earnings of $3.six billion in the fourth quarter of 2021, a 1.nine% improve from $3.five billion tallied in the fourth quarter of 2020. 
  • Jacobs’ fiscal calendar year 2021 earnings elevated $500 million, or 3.seven%, as opposed to 2020 to strike $14.1 billion. During the calendar year, the firm’s earnings arrived from these sectors: civil (34%), defense (25%), international (eighteen%), intelligence (15%) and commercial (8%).
  • Jacobs’ backlog rose $2.8 billion in the fourth quarter to a record-large $26.six billion calendar year-over-calendar year, a twelve% improve. Sequentially, backlog grew 4.seven% from $25.4 billion in the 3rd quarter of 2021. At the conclude of 2019, before the COVID-19 pandemic began, Jacobs’ backlog sat at $22.six billion. 

Dive Perception:

Although fourth-quarter final results took heart stage on Jacobs’ earnings call last week, a deeper method adjust is occurring at the

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