Jacobs reports fiscal second quarter 2022 earnings

Q2 year-over-year revenue growth across all lines of business strong bookings driving revenue backlog up 9% year-over-year with improving profitability pa consulting revenue up double-digits with 23% operating profit margin reiterates multi-year growth targets, driven by alignment to multiple secular growth trends reinforces full-year adjusted cash conversion expectations dallas , may 3, 2022 /prnewswire/ -- jacobs engineering group inc. (nyse: j) today announced its financial results for the fiscal second quarter ended april 1, 2022. q2 2022 highlights: revenue of $3.8 billion up 8.1% year-over-year and net revenue increased 10.1% year-over-year backlog increased $2.2 billion to $27.8 billion, up 8.7% year-over-year eps from continuing operations of $0.68, primarily reflecting a charge of $0.63 for the final settlement of the legacy ch2m matter and associated legal fees incurred during the quarter adjusted eps from continuing operations of $1.72, up 4% year-over-year cash flow from operations of $125 million; on track to achieve fy22 adjusted cash conversion target, excluding the legacy ch2m matter settlement outflow updates fiscal 2022 adjusted ebitda and adjusted eps outlook, with mid-point of range unchanged1 jacobs' chair and ceo steve demetriou commented, "we are seeing accelerating demand across all end markets, with incremental opportunities to scale in the areas of climate response, consulting & advisory and data solutions.
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