Conglomerate Jacobs Engineering, a government contractor on nuclear waste programs on both sides of the Atlantic, reported fiscal first-quarter earnings that, after excluding after-tax costs related to its ongoing corporate restructuring, came to $95 million, or 78 cents a share, on revenue of $2.8 billion.
The total was down somewhat from the year-ago period, in which Jacobs earned $100 million, or 77 cents a share, on revenue of $3.2 billion, for the quarter ending Dec. 26, 2014. Including the after-tax hits from the restructuring, 2016 first-quarter net income was $47 million, or 38 cents a share.
Jacobs is a junior partner in the Mission Support Alliance consortium now led by Lockheed Martin, but slated to become part of Leidos, of McLean, Va., under a $5 billion sale announced in late January. Mission Support Alliance provides a range of services at DOE’s Hanford legacy cleanup site, including emergency response and training, fleet and road upkeep, cybersecurity, and utility operations.
Jobs