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JACOBS ENGINEERING GROUP INC. ANNOUNCES RECORD EARNINGS FOR 1991

JACOBS ENGINEERING GROUP INC. ANNOUNCES RECORD EARNINGS FOR 1991
 PASADENA, Calif., Nov. 5 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) today announced record earnings for both the fourth quarter and fiscal year ended Sept. 30, 1991.
 Net income for the year was up over 40 percent from 1990 to $20,385,000, or $0.86 per share. Revenues for 1991 were $1,036,289,000, representing the first year in Jacobs' history that revenues exceeded $1 billion. Net income for the previous year was $14,390,000, or $0.64 per share, on revenues of $881,757,000.
 For the fourth quarter of 1991, net income of $5,417,000, or $0.23 per share, on revenues of $230,609,000. This compares to net income of $4,025,000, or $0.17 per share, on revenues of $230,301,000 for the fourth quarter of 1990.
 Jacobs also announced today that its backlog at Sept. 30, 1991, was a record $1.605 billion, an increase of more than $260 million from the Sept. 30, 1990, backlog amount.
 Financial highlights follow (in thousands, except earnings per share):
 Three months ended Year ended
 9/30/91 9/30/90 9/30/91 9/30/90
 Revenues $230,609 $230,301 $1,036,289 $881,757
 Net income 5,417 4,025 20,385 14,390
 Net income per
 share $0.23 $0.17 $0.86 $0.64
 Weighted average
 number of common
 stock and common
 stock equivalents
 outstanding 23,983 23,019 23,763 22,439
 Jacobs provides single-source consulting, engineering, design, architectural, environmental and hazardous waste management, procurement, construction, construction management, contract maintenance and operations services to government and industry worldwide.
 -0- 11/5/91
 /CONTACT: John W. Prosser Jr., senior VP, finance and administration of Jacobs Engineering, 818-449-2171/
 (JEC) CO: Jacobs Engineering Group Inc. ST: California IN: CST SU: ERN CH-AL -- LA016 -- 1337 11/05/91 14:36 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 5, 1991
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