Jacobs reports fiscal third quarter 2022 earnings

Robust year-over-year revenue growth across all lines of business double-digit pro forma year-over-year revenue growth in constant currency  revenue backlog up 10% year-over-year and up 13% in constant currency awarded $3.9b 10-year contract to support nasa johnson engineering, technology and science strategy strong recurring revenue visibility with acceleration from climate, data and consultancy solutions reinforces full-year 100% adjusted cash conversion expectations1 dallas , aug. 1, 2022 /prnewswire/ -- jacobs engineering group inc. (nyse: j) today announced its financial results for the fiscal third quarter ended july 1, 2022. q3 2022 highlights: revenue of $3.8 billion up 7.0% year-over-year; net revenue increased 7.7% year-over-year and up 11% in constant currency backlog increased $2.7 billion to $28.1 billion, up 10.4% year-over-year and up 13% in constant currency eps from continuing operations of $1.52, compared to $0.82 in q3 2021 adjusted eps from continuing operations of $1.86, up 13% year-over-year cash used for operations of $(249) million; includes previously announced legacy ch2m matter settlement outflow of $475m during q3; on track to achieve 100% adjusted cash conversion target for fiscal 20221 jacobs' chair and ceo steve demetriou commented, "we are creating a more resilient portfolio including substantial recurring revenue that is complemented by accelerating growth in the areas of climate response, consulting & advisory and data solutions.
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