NYSE$J

Jacobs Engineering Group Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Jacobs reported strong Q4 2022 earnings with double-digit operating profit and EPS growth, driven by robust cash flow and backlog.

Jacobs Solutions Inc. announced its financial results for the fiscal fourth quarter ended September 30, 2022, with revenue of $3.9 billion, a net earnings of $225 million, and an adjusted EPS of $1.80. The company's backlog increased to $27.9 billion, driven by global climate response, infrastructure, supply chain modernization and national security.

  • Revenue of $3.9 billion grew 8.2% year-over-year; net revenue up 11% in constant currency.
  • Net earnings of $225 million and EPS from continuing operations of $1.75.
  • Adjusted EPS from continuing operations of $1.80, up 14% year-over-year and 18% in constant currency.
  • Backlog increased $1.2 billion to $27.9 billion, up 5% year-over-year and 8% in constant currency.

Headline financials

Total Revenue

$3.88B

Previous: $3.59B+8.2%
EPS (adj)

$1.80

Previous: $1.58+13.9%
Backlog

$27.9B

Previous: $26.6B+4.9%
Capital Expenditures

$47.6M

Previous: $27.1M+75.2%
Free Cash Flow

$230M

Previous: $176M+31.0%
Net Income

$225M

Previous: $45M+400.0%
Operating Income

$309M

Previous: $252M+22.7%
Gross Profit

$836M

Previous: $828M+1.0%
Cash & Equivalents

$1.14B

Previous: $1.01B+12.4%
Total Assets

$14.7B

Previous: $14.6B+0.2%
Stock-Based Comp

$11.7M

Previous: $14.7M-20.6%

Revenue & EPS history

Jacobs · Revenue · Quarterly

$3.88B

Q4 2022+8.2%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Jacobs · $254M total across 1 segment · Q4 2022

  • PA Consulting
    $254M-6.9%

Forward guidance

Based on fiscal 2022 average FX rates, the Company's outlook for fiscal 2023 adj. EBITDA is $1,465M to $1,545M, and adj. EPS of $7.60 to $7.90, up 10% and 12% respectively at the midpoints. Based on FX rates in early November, the Company’s outlook for fiscal 2023 adj. EBITDA is $1,400M to $1,480M and adjusted EPS of $7.20 to $7.50, both up 6% at the midpoints.

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 Q4 2022

Historical avgQ4 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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