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JACOBS ENGINEERING GROUP INC. ANNOUNCES RECORD EARNINGS AND BACKLOG

JACOBS ENGINEERING GROUP INC. ANNOUNCES RECORD EARNINGS AND BACKLOG
 PASADENA, Calif., Jan. 16 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE:JEC) today announced record earnings for its first quarter of fiscal 1992.
 Net income for the first quarter of fiscal 1992 increased by more than 20 percent over the first quarter of last year to $5,740,000, or $0.24 per share, on revenues of $253,673,000. Net income for the first quarter of fiscal 1991 was $4,747,000, or $0.20 per share, on revenues of $264,191,000.
 Jacobs also announced today that its backlog at Dec. 31, 1991, was a record $1.63 billion, an increase of $210 million from the Dec. 31, 1990, backlog amount.
 Financial highlights follow.
 JACOBS ENGINEERING GROUP INC. FINANCIAL SUMMARY
 (In thousands, except earnings per share)
 Three Months Ended
 Dec. 31,
 1991 1990
 Revenues $253,673 $264,191
 Net income 5,740 4,747
 Net income per
 share $0.24 $0.20
 Weighted average
 number of common
 stock and common
 stock equivalents
 outstanding 24,015 23,458
 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- 1/16/92
 /CONTACT: John W. Prosser, Jr, senior VP-finance and administration of Jacobs Engineering Group Inc., 818-449-2171/
 (JEC) CO: Jacobs Engineering Group Inc. ST: California IN: SU: ERN


DM-JL -- LA005 -- 0353 01/16/92 09:05 EST
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Date:Jan 16, 1992
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