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Jacobs NEWS RELEASE Jacobs Reports Fiscal Second Quarter Earnings 2021-05-10 Reports Strong Q2 Results and Raises Full - Year Fiscal 2021 Outlook ESG - Related Growth Opportunities Accelerating Across All Lines of Business Generated Over $ 1.1 Billion in Cash Flow from Operations Over Last Four Quarters PA Consulting Q2 Revenue Up 28 % Year - Over - Year ; Increasing FY21 Adj . EPS Expected Accretion Expects Robust FY22 Growth Driven by National Security Priorities and Global Infrastructure Modernization DALLAS , May 10 , 2021 / PRNewswire / -- Jacobs Engineering Group Inc. ( NYSE : J ) today announced its financial results for the fiscal second quarter ended April 2 , 2021 . Q2 2021 Highlights : • Revenue of $ 3.5 billion¹ grew 3.5 % year - over - year and net revenue up 6.7 % year - over - year • EPS from continuing operations of $ 0.00 ; reflects portion of PA investment treated as compensation per GAAP2 • Adjusted EPS from continuing operations of $ 1.66 , up 19 % year - over - year , including 9 cents accretion from PA • Backlog increased $ 2.3 billion to $ 25.6 billion , up 10 % year - over - year • Strong cash flow from operations and free cash flow of $ 238M and $ 209M , respectively • Increases fiscal 2021 adjusted EBITDA and adjusted EPS outlook³ Jacobs ' Chair and CEO Steve Demetriou commented , " Our strategic portfolio actions and disciplined execution are delivering continued strong financial results despite headwinds from the pandemic . Core to our strategy are our values and inclusive culture which aligns our people to a common purpose of delivering innovative solutions for our customers . This continues to be a key competitive advantage for Jacobs that will foster growth over the coming years . Our multi - year targeted investments in areas such as environmental resiliency , digitally - enabled 1