Jacobs reports fiscal fourth quarter and fiscal year 2021 earnings

Dallas, nov. 23, 2021 /prnewswire/ -- jacobs engineering group inc. (nyse: j) today announced its financial results for the fiscal fourth quarter and fiscal year ended october 1, 2021. q4 2021 financial highlights: revenue of $3.6 billion grew 1.9% year-over-year; pro forma net revenue1 up 6% year-over-year net earnings was $45 million, down 36%, and eps from continuing operations was $0.34, down 36%, mainly impacted by $(0.45) of discrete tax items and $(0.42) from sale of worley shares adjusted eps from continuing operations of $1.58, down 3% year-over-year driven by a lower year ago tax rate impact of $0.17 adjusted ebitda was $310 million, up 12% year-over-year cash flow from operations of $203 million and free cash flow of $176 million, driven by strong dso performance backlog increased $2.8 billion to $26.6 billion, up 12% year-over-year fiscal year 2021 highlights: revenue growth of 3.9% and pro forma net revenue growth1 up 3% year-over-year net earnings from continuing operations of $467 million, up 32%, and fy21 eps of $3.12 up 17%; includes previously disclosed pa consulting2 and tax items adjusted eps of $6.29, up 15% year-over-year adjusted ebitda year-over-year growth of 18% to $1,244 million cash flow from operations of $726 million and free cash flow of $633 million, representing strong cash conversion and exceeding expectations jacobs' chair and ceo steve demetriou commented, "fiscal 2021 results represent another year of achieving the cultural, strategic and financial targets we communicated to our key stakeholders.
J Ratings Summary
J Quant Ranking