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Jacobs Engineering reports a very good quarter

Pasadena, California-based Jacobs Engineering Group Inc. announced its financial results for the third quarter of fiscal 2007 ended June 30, 2007. Jacobs reported record net earnings of $74.8 million, or $0.61 per diluted share, on revenues of $2.1 billion for its third quarter of fiscal 2007 ended June 30, 2007. This compares to net earnings of $50.6 million, or $0.42 per diluted share, on revenues of $1.9 billion for the same period last year.

For the nine months ended June 30, 2007, Jacobs reported net earnings of $203.2 million, or $1.67 per diluted share, on revenues of $6.2 billion. This compares to net earnings of $138.2 million, or $1.15 per diluted share, on revenues of $5.4 billion for the same period in fiscal 2006.

Jacobs also announced backlog totaling $11.0 billion at June 30, 2007, including a technical professional services component of $5.9 billion. This compares to total backlog and technical professional services backlog of $9.4 billion and $4.8 billion, respectively, at June 30, 2006.



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