Jacobs reports fiscal third quarter earnings

Dallas, aug. 3, 2021 /prnewswire/ -- jacobs engineering group inc. (nyse: j) today announced its financial results for the fiscal third quarter ended july 2, 2021. q3 2021 highlights: revenue of $3.6 billion 1 grew 9.7% year-over-year and net revenue up 10.6% year-over-year eps from continuing operations of $0.82, impacted by $(0.44) related to an updated non-cash valuation allocation between pa consulting preferred and common shares, with no impact to the original consideration2 adjusted eps from continuing operations of $1.64 backlog increased $1.8 billion to $25.4 billion, up 7% year-over-year cash flow from operations of $173 million; expecting to exceed fy21 cash conversion target increases fiscal 2021 adjusted ebitda and adjusted eps outlook3 jacobs' chair and ceo steve demetriou commented, "we believe we are entering an attractive growth period for jacobs, driven by strong global trends in infrastructure modernization, energy transition, national security and a potential super-cycle in global supply chain investments.
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