Dallas-based Jacobs, a Department of Energy contractor, had earnings from continuing operations of $136 million or $2 million more than the $134 million recorded a year ago, according to its latest quarterly earnings report.
Earnings per diluted share were $1.07, up 4 cents per share from the year-ago number of $1.03 per share, according to an earnings press release. The report covered the three months ending Dec. 30, the first of Jacobs’ fiscal year.
Quarterly revenue was also up. The company took in $3.8 billion for the period, up $400 million from the $3.4 billion recorded in the first quarter of fiscal 2022.
“We delivered solid first quarter results with double-digit revenue growth, strong profitability performance and robust cash flow generation,” said chief financial officer Kevin Berryman in the release. “The profitability mix within our revenue backlog improved in Q1, which positions us well to achieve our fiscal year 2023 outlook.”
Jacobs and its subsidiary CH2M are major players in the DOE weapons complex, leading the environmental remediation teams at the Idaho National Laboratory as well as the Paducah Site in Kentucky. It is also a junior partner to Honeywell at the Nevada National Security Site.
