Jacobs reports fiscal first quarter 2022 earnings

Dallas, feb. 8, 2022 /prnewswire/ -- jacobs engineering group inc. (nyse: j) today announced its financial results for the fiscal first quarter ended december 31, 2021. q1 2022 highlights: revenue of $3.4 billion flat year-over-year and 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 of $322 million; on track to achieve fy22 cash conversion target eps from continuing operations of $1.03, down 47% year-over-year, primarily reflecting charge of $0.41 associated with strategic reduction in real estate footprint adjusted eps from continuing operations of $1.56, up 11% year-over-year reiterates fiscal 2022 adjusted ebitda and adjusted eps outlook1 jacobs' chair and ceo steve demetriou commented, "our purpose to create a more connected, sustainable world has never been more relevant than now - as advances in data analytics and edge computing power are unlocking our ability to deploy innovative technologies related to climate change, infrastructure and national security.
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