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JACOBS ENGINEERING GROUP INC. ANNOUNCES RESULTS FOR THE THIRD QUARTER OF 1992

                   JACOBS ENGINEERING GROUP INC.
           ANNOUNCES RESULTS FOR THE THIRD QUARTER OF 1992
    PASADENA, Calif., July 20 /PRNewswire/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today its net income for both the third quarter and nine months ended June 30, 1992.
    Net income for the third quarter of 1992 was $6,265,000, or $0.26 per share, on revenues of $283,420,900.  This compares to net income of $5,209,000, or $0.22 per share, on revenues of $264,052,400 for the third quarter of last year.
    For the nine months ended June 30, 1992, net income was $20,095,000, or $0.84 per share, on revenues of $807,146,900. This compares to net income of $14,968,000, or $0.63 per share, on revenues of $805,679,300 for the same period last year.
    Jacobs also announced today that its backlog at June 30, 1992 was a record $1.685 billion; an increase of more than $100 million from the June 30, 1991 backlog amount.
    Financial highlights follow (in thousands, except earnings per share):
                      Three Months Ended   Nine Months Ended
                       6/30/92   6/30/91   6/30/92   6/30/91
    Revenues          $ 283,421 $ 264,052 $ 807,147 $ 805,679
    Net income        $ 6,265   $ 5,209   $ 20,095  $ 14,968
    Net income per
      share            $ 0.26    $ 0.22    $ 0.84    $ 0.63
    Weighted average
      number of common
      stock and common
      stock equivalents
      outstanding      24,068    23,893    24,061    23,683
    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-               7/20/92
    /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 CH -- LA011 -- 0678 07/20/92 11:03 EDT
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Publication:PR Newswire
Date:Jul 20, 1992
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