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JACOBS ENGINEERING GROUP INC. ANNOUNCES RECORD EARNINGS FOR 1992

JACOBS ENGINEERING GROUP INC. ANNOUNCES RECORD EARNINGS FOR 1992
 PASADENA, Calif., Nov. 4 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today record earnings for its fiscal year ended Sept. 30, 1992.
 Net income for fiscal 1992 was $26,605,000, or $1.11 per share, on revenues of $1,106,427,000. This compares to net income of $20,385,000, or $0.86 per share, on revenues of $1,036,289,000 for fiscal 1991.
 Net income for the fourth quarter of 1992 was $6,510,000, or $0.27 per share, on revenues of $299,280,500. This compares to net income of $5,417,000, or $0.23 per share, on revenues of $230,609,300 for the fourth quarter of last year.
 Jacobs also announced today that its backlog at Sept. 30, 1992 was a record $1.760 billion, an increase of more than $155 million from the Sept. 30, 1991 backlog amount.
 Financial highlights follow.
 JACOBS ENGINEERING GROUP INC.
 Financial Summary
 (in thousands, except earnings per share)
 Three Months Ended Year Ended
 9/30/92 9/30/91 9/30/92 9/30/91
 Revenues $299,280 $230,609 $1,106,427 $1,036,289
 Net income $6,510 $5,417 $26,605(a) $20,385
 Net income per
 share $0.27 $0.23 $1.11(a) $0.86
 Weighted average
 number of shares
 of common
 stock and common
 stock equivalents
 outstanding 24,088 23,983 24,070 23,763
 (a) Includes a net gain of $2,118,000, or $0.09 per share, in the second quarter from the sale of 40 percent of the company's holdings of the common stock of Genetics Institute Inc.
 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- 11/4/92 R
 /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


KJ-LS -- LA023 -- 7793 11/05/92 14:14 EST
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Date:Nov 5, 1992
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