Dallas-based Jacobs Engineering Group will hold its quarterly earnings call with Wall Street analysts today at 10 a.m. ET.
The financial performance figures for the quarter ended Sept. 30, which marks the end of the company’s 2018 fiscal year, will be released prior to the market opening. Access to the conference call webcast is available on the company’s website.
Jacobs and subsidiary CH2M Hill, which it acquired in December 2017, together have a large footprint in the Energy Department’s weapons cleanup complex.
During the quarter ended 30, Jacobs recorded net earnings of $150 million ($1.05 per share) which was up 42 percent from $89 million (0.74 per share) in the same period a year earlier. Quarter-over-quarter revenue over that period rose from $2.5 billion to $4.2 billion.
CH2M leads a team with a $542 million, eight-and-half year contract extending until March 2020 for cleanup of the West Valley Demonstration Project in New York. A CH2M affiliate in September won a 12-month extension of its Central Plateau Cleanup contract at the Hanford Site in Washington state. The original contract, which began in 2008, was worth $5.8 billion and an extra $1.3 billion of economic stimulus work awarded during the Obama administration. Jacobs has indicated the company will seek to retain the Plateau cleanup business.
Jacobs is also the lead partner in a venture executing a $1.5 billion contract for deactivation and remediation at the Paducah Site in Kentucky. The original five-year base period on that contract expires in June 2022. Two additional option periods could extend the contract into mid-2027.
