Jacobs reports fiscal first quarter 2023 earnings

First quarter revenue up double-digits year-over-year people and places solutions operating profit up 20% year-over-year $302 million first quarter cash flow from operations; reiterates 100% conversion target1 reiterates fiscal 2023 adjusted ebitda and adjusted eps outlook further demonstrates commitment to gender diversity with a 40% female leadership kpi on $3.25b sustainability-linked credit facility refinancing dallas , feb. 7, 2023 /prnewswire/ -- jacobs solutions inc. (nyse: j) today announced its financial results for the fiscal first quarter ended december 30, 2022. q1 2023 highlights: revenue of $3.8 billion up 12.4% y/y; net revenue increased 7.7% y/y and up 12% in constant currency1 backlog of $28.3 billion, up 1% y/y; gross margin in backlog up over 100 bps y/y1 eps from continuing operations of $1.07, up 4% y/y adjusted eps from continuing operations of $1.67, up 7% y/y cash provided by operations of $302 million; continue to expect 100% fiscal year underlying cash conversion2 jacobs' ceo bob pragada commented, "our boldly moving forward strategy harnesses an inclusive and innovative culture fueled by operational discipline to capture the high growth opportunities emerging across climate response, data solutions and consulting & advisory.
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