Earnings rose at Jacobs, Dallas, in the 3rd quarter of fiscal 2022, which the engineering, procurement and construction contractor, active in the Department of Energy nuclear weapons complex, attributed to strong performances in the climate, data and consulting sectors.
Net earnings for the third quarter ended July 1 were $196 million, or $1.52 a share, up from $165 million, or $0.82 per share, in the year-ago quarter, according to a press release issued Monday.
Quarterly revenue was $3.8 billion, up year-over-year from $3.6 billion.
Quarterly segment operating income for the government-heavy Critical Mission Solutions, the silo from which Jacobs coordinates its DOE business development, was $104 million, down from $108 million a year ago. Segment revenue was $1.3 billion, up from $1.2 billion in the year-ago period.
In addition to DOE, other Jacobs clients in the segment include the U.S. Department of Defense, the U.S. Intelligence Community, National Aeronautics and Space Administration (NASA), the United Kingdom’s Ministry of Defence and the U.K. Nuclear Decommissioning Authority (NDA) and the Australian Department of Defence, as well as private sector customers.
“Our focus on a high-performance culture and agile deployment of capital enables us to generate compelling returns for our shareholders through times of economic uncertainty,” Jacobs Chair and CEO Steve Demetriou said in the release.
Jacobs is the lead partner in DOE Office of Environmental Management joint ventures cleaning up the Idaho National Laboratory, the Paducah Site in Kentucky and the West Valley Demonstration Project in New York state.
