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JACOBS ENGINEERING GROUP INC. ANNOUNCES RECORD EARNINGS AND BACKLOG

JACOBS ENGINEERING GROUP INC. ANNOUNCES RECORD EARNINGS AND BACKLOG
 PASADENA, Calif., April 20 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today record net income for both the second quarter and six months ended March 31, 1992.
 Net income for the second quarter of 1992 was $8,090,000, or $0.34 per share, on revenues of $270,053,000. This compares to net income of $5,012,000, or $0.21 per share, on revenues of $277,436,100 for the second quarter of last year.
 For the six months ended March 31, 1992, net income was $13,830,000, or $0.57 per share, on revenues of $523,726,000. This compares to net income of $9,759,000, or $0.41 per share, on revenues of $541,626,900 for the same period last year.
 Included in the results of operations for the current quarter is a net gain of $2.1 million, or $0.09 per share, relating to the sale of securities.
 Jacobs also announced today that its backlog at March 31, 1992 was a record $1.66 billion; an increase of more than $100 million from the March 31, 1991 backlog amount.
 Financial highlights follow (in thousands, except earnings per share):
 Three Months Ended Six Months Ended
 3/31/92 3/31/91 3/31/92 3/31/91
 Revenues $270,053 $277,436 $523,726 $541,627
 Net income $8,090 $5,012 $13,830 $9,759
 Net income per
 share $0.34 $0.21 $0.57 $0.41
 Weighted average
 number of common
 stock and common
 stock equivalents
 outstanding 24,106 23,687 24,065 23,591
 Jacobs Engineering Group 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- 4/20/92
 /CONTACT: John W. Prosser Jr., senior VP-finance and administration of Jacobs Engineering Group, 818-449-2171/
 (JEC) CO: Jacobs Engineering Group Inc. ST: California IN: CST SU: ERN


DM-JL -- LA003 -- 9826 04/20/92 07:32 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
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