Dallas-based Jacobs Engineering recorded $3.1 billion in revenue for the first three months of 2019, up 7.7% from the $2.9 billion the company took in for the same period of 2018.
Jacobs’ earnings per diluted share was $0.82, down from $0.86 year ago, according to its earnings release Tuesday. This was affected by costs associated with Jacobs’ purchase of industry rival CH2M in December 2017.
The company’s backlog increased $1.5 billion to $20.7 billion during the quarter, which is Jacobs’ second quarter of the 2019 fiscal year.
“Our strong second quarter results include significant net revenue and operating profit growth versus the year-ago quarter, resulting in our adjusted operating profit margin increasing to 9% for the quarter,” said Jacobs Chair and CEO Steve Demetriou of the quarterly earnings report.
Through CH2M, Jacobs is the environmental remediation prime for the Central Plateau at the Department of Energy’s Hanford Site in Washington state. Last year, the company received a 12-month extension to its contract, through Sept. 30, 2019.
Also via the CH2M acquisition, Jacobs partners with AECOM as the nuclear cleanup contractor at DOE’s Oak Ridge Reservation in Tennessee.
