NYSE$J

Jacobs Engineering Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Jacobs reported flat revenue and increased net revenue, with significant backlog growth and strong cash flow from operations.

Jacobs reported flat year-over-year revenue but a 6.4% increase in net revenue. The company saw a significant increase in backlog and strong cash flow from operations. Adjusted EPS increased, but GAAP EPS decreased due to strategic real estate footprint reduction.

  • Revenue of $3.4 billion was flat year-over-year, but net revenue increased 6.4% year-over-year.
  • Backlog increased $2.9 billion to $28.0 billion, up 12% year-over-year.
  • Cash flow from operations was $322 million.
  • Adjusted EPS from continuing operations was $1.56, up 11% year-over-year.

Headline financials

Total Revenue

$3.38B

Previous: $3.38B-0.0%
EPS (adj)

$1.56

Previous: $1.41+10.6%
Backlog

$28B

Previous: $25.1B+11.6%
Capital Expenditures

-$19.3M

Previous: -$16.8M-15.2%
Free Cash Flow

$115M

Previous: $240M-52.3%
Net Income

$134M

Previous: $257M-47.9%
Operating Income

$177M

Previous: $214M-17.1%
Gross Profit

$796M

Previous: $632M+26.0%
Cash & Equivalents

$1.25B

Previous: $837M+48.7%
Total Assets

$14.8B

Previous: $12.8B+16.0%
Stock-Based Comp

$7.01M

Previous: $11.8M-40.8%

Revenue & EPS history

Jacobs · Revenue · Quarterly

$3.38B

Q1 2022-0%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Jacobs · $290M total across 1 segment · Q1 2022

  • PA Consulting
    $290M

Forward guidance

The company continues to expect fiscal 2022 adjusted EBITDA of $1,370 million to $1,450 million and adjusted EPS of $6.85 to $7.45. Jacobs continues to expect adjusted EPS of approximately $10.00 in fiscal 2025.

Tailwinds

  • Fiscal 2022 adjusted EBITDA of $1,370 million to $1,450 million expected.
  • Fiscal 2022 adjusted EPS of $6.85 to $7.45 expected.
  • Adjusted EPS of approximately $10.00 expected in fiscal 2025.
  • Anticipated benefits to People and Places Solutions from the recently passed Infrastructure Investment and Jobs Act.
  • Executing against a robust Critical Mission Solutions sales pipeline.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.0%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.3%

Avg return

30 days after

45%

33 / 74 earnings

Positive

+10.9%

Q2 2018

Best reaction

-11.4%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-0.1%-9.5%-8.7%
Q1 2026+7.8%+13.6%+2.9%
Q4 2025-11.4%-7.9%-7.6%
Q2 2025-5.7%-3.1%-0.3%
Q1 2025-3.5%-3.5%-10.9%
Q4 2024-5.6%-2.1%-4.5%
Q3 2024-0.5%+2.4%+2.7%
Q2 2024-7.1%-6.6%-7.2%
Q1 2024+4.8%+6.2%+8.6%
Q4 2023-9.5%-9.9%-6.9%
Q3 2023+6.1%+6.2%+2.5%
Q2 2023-2.3%-1.8%-0.5%
Q1 2023-2.8%-2.6%-5.6%
Q4 2022-2.0%-1.9%-3.8%
Q3 2022-6.9%-7.1%-9.3%
Q2 2022+3.3%-0.0%+1.8%
Q1 2022-0.2%-5.1%-2.7%
Q4 2021+1.3%-0.6%-6.3%
Q3 2021-3.9%-3.7%+1.8%
Q2 2021+0.1%-1.1%+1.1%
Q1 2021+1.4%+5.3%+14.6%
Q4 2020+1.8%+1.3%+2.7%
Q3 2020+8.2%+7.0%+9.1%
Q2 2020-3.7%-3.6%+9.2%
Q1 2020+4.0%+2.9%+4.5%
Q4 2019-2.1%-1.4%-4.1%
Q3 2019+5.7%+7.8%+14.1%
Q2 2019+2.6%+2.1%+3.4%
Q1 2019-2.3%-1.5%+7.7%
Q4 2018-10.6%-11.3%-21.7%
Q3 2018+7.6%+7.1%+8.3%
Q2 2018+10.9%+12.1%+16.5%
Q1 2018-2.1%-1.6%-5.2%
Q4 2017+9.2%+6.7%+12.0%
Q3 2017+3.6%+0.5%+4.1%
Q2 2017-0.3%-3.6%-3.3%
Q1 2017-4.0%-2.3%-4.0%
Q4 2016+6.4%+7.2%+0.6%
Q3 2016+2.3%+0.2%-3.4%
Q2 2016+9.5%
Q1 2016-3.3%
Q4 2015+3.7%
Q3 2015+7.8%
Q2 2015-5.4%
Q1 2015-0.9%
Q4 2014+0.0%
Q3 2014-4.1%
Q2 2014-8.1%
Q1 2014-2.2%
Q4 2013-5.7%
Q3 2013-1.8%
Q2 2013-2.3%
Q1 2013+0.5%
Q4 2012+0.0%
Q3 2012-2.2%
Q2 2012-2.3%
Q1 2012+1.5%
Q4 2011-2.7%
Q3 2011-0.8%
Q2 2011-0.3%
Q1 2011+2.2%
Q4 2010+0.0%
Q1 2008+0.0%
Q3 2010+4.7%
Q2 2010-0.3%
Q1 2009-4.1%
Q1 2010+2.2%
Q4 2007-0.4%
Q2 2009-0.4%
Q4 2009-0.4%
Q3 2008+3.6%
Q4 2008+3.6%
Q3 2009+3.6%
Q2 2008+3.6%

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