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| Jacobs Engineering Group reports earnings for 3Q of fiscal 2011 Jacobs Engineering Group Inc. (NYSE:JEC) announced its financial results for the third quarter of fiscal 2011 ended July 1, 2011. For the third quarter of fiscal 2011 ended July 1, 2011, Jacobs reported net earnings of $90.7 million, or $0.71 per diluted share, on revenues of $2.7 billion. This compares to net earnings of $19.0 million, or $0.15 per diluted share, on revenues of $2.5 billion for the third quarter of fiscal 2010 ended July 2, 2010. Included in the Company's results of operations for the third quarter of fiscal 2010 is a charge recorded as a result of an unfavorable court judgment received relating to a waste incineration project in France performed for the SIVOM de Mulhousienne (the "SIVOM Judgment"). Excluding the effects of the SIVOM Judgment, net earnings and earnings per diluted share for the third quarter of fiscal 2010 were $79.3 million and $0.63, respectively. For the nine months ended July 1, 2011, Jacobs reported net earnings of $236.7 million, or $1.86 per diluted share, on revenues of $7.7 billion. This compares to net earnings of $169.0 million, or $1.35 per diluted share, on revenues of $7.6 billion for nine months ended July 2, 2010. Excluding the effects of the SIVOM Judgment, net earnings and earnings per diluted share for the first three quarters of fiscal 2010 were $229.3 million and $1.83, respectively. Jacobs also announced backlog totaling $14.0 billion at July 1, 2011, including a technical professional services component of $8.7 billion. This compares to total backlog and technical professional services backlog of $13.5 billion and $7.8 billion, respectively, at July 2, 2010. write your comments about the article :: © 2011 Construction News :: home page |