Jacobs predicts good year ahead

By Sarah Ann McCay02 May 2012

US contractor Jacobs Engineering has reported growth across the board with its Q2 2012 figures, although net earnings were below expectations, according to senior officials at the company.

The company saw net earnings grow to US$ 83.9 million on revenues of US$ 2.7 billion for the second quarter of fiscal 2012, which ended March 30, 2012. This compared to net earnings of US$ 80.3 million on revenues of US$ 2.56 billion for Q2, 2011.

For the six months ended March 30, 2012, Jacobs reported net earnings of US$ 173.6 million on revenues of US$ 5.33 billion, up from net earnings of US$ 146.1 million on revenues of US$ 4.91 billion for the same period in 2011.

While earnings came in below expectations, the company still holds a backlog of US$ 15.1 billion, including a technical professional services component of $9.9 billion, and remains optimistic for a positive year-end.

"Our prospects are strong and we anticipate a very good year from a sales perspective," remarked Jacobs president and CEO Craig L. Martin.

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