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Jacobs Engineering Boosts Backlog, Net Revenue in First Fiscal Quarter of 2020

Jacobs Engineering Boosts Backlog, Net Revenue in First Fiscal Quarter of 2020

industrial_manufacturing

Industry Segment: Industrial Manufacturing | Word Count: 755 Words

SUGAR LAND--February 5, 2020--Researched by Industrial Info Resources (Sugar Land, Texas)--Global engineering, procurement and construction (EPC) firm Jacobs Engineering Group Incorporated (NYSE:J) (Dallas, Texas) made a major divestment last year when it unloaded its Energy, Chemicals and Resources division to WorleyParsons (North Sydney, Australia), which subsequently rebranded as Worley. However, that doesn't appear to be slowing the company's activity. In the quarter ending December 27, 2019, its first fiscal quarter of 2020, Jacobs raised its backlog by $2.3 billion year over year, an 11% increase. In addition, quarterly net revenue increased to $2.7 billion from $2.4 billion in the year-prior quarter.

Within this article: Details of active projects involving Jacobs

Other companies featured: Merck & Company Incorporated's (NYSE:MRK), Pfizer Incorporated (NYSE:PFE), Cleveland-Cliffs Incorporated (NYSE:CLF)

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