Jacobs beats by $0.16, beats on revs; guides FY18 EPS in-line
- Reports Q4 (Sep) earnings of $0.98 per share, excluding non-recurring items, $0.16 better than the Capital IQ Consensus of $0.82; revenues rose 0.5% year/year to $2.65 bln vs the $2.58 bln Capital IQ Consensus.
- "I am pleased with the continued momentum and performance in our final quarter of fiscal 2017. Results included sequential revenue growth, a significant increase in backlog, and strong margin performance, all of which were aligned with our strategic initiatives outlined in December of last year. This organic growth momentum combined with the previously announced acquisition of CH2M will further strengthen our position as a global leader in providing innovative solutions to our clients. Importantly, we remain confident that we will close the CH2M transaction before the end of the year."
- Co issues in-line guidance for FY18, sees EPS of $3.25-3.60, excluding non-recurring items, vs. $3.44 Capital IQ Consensus Estimate.