Page 1

Jacobs NEWS RELEASE Jacobs Reports Fiscal Third Quarter Earnings 2021-08-03 Increasing Full - Year Fiscal 2021 Outlook ; Reflecting Continued Strong Year - to Date Results PA Consulting Q3 Revenue Up 36 % Year - Over - Year ; Increasing FY21 Expected Accretion Strong Cash Flow to Further Enable Value - Creating Capital Deployment Accelerating Decarbonization and Energy Transition Opportunities Stemming from Climate Change Launched " Reimagined Perspectives " Thought Leadership to Drive ESG Solutions Wins Strategic Counterintelligence Analytics Contract with Army INSCOM DALLAS , Aug. 3 , 2021 / PRNewswire / -- Jacobs Engineering Group Inc. ( NYSE : J ) today announced its financial results for the fiscal third quarter ended July 2 , 2021 . Q3 2021 Highlights : • Revenue of $ 3.6 billion¹ grew 9.7 % year - over - year and net revenue up 10.6 % year - over - year • EPS from continuing operations of $ 0.82 , impacted by $ ( 0.44 ) related to an updated non - cash valuation allocation between PA Consulting preferred and common shares , with no impact to the original consideration² • Adjusted EPS from continuing operations of $ 1.64 • Backlog increased $ 1.8 billion to $ 25.4 billion , up 7 % year - over - year • Cash flow from operations of $ 173 million ; expecting to exceed FY21 cash conversion target • Increases fiscal 2021 adjusted EBITDA and adjusted EPS outlook³ Jacobs ' Chair and CEO Steve Demetriou commented , " We believe we are entering an attractive growth period for Jacobs , driven by strong global trends in infrastructure modernization , energy transition , national security and a potential super - cycle in global supply chain investments . We see these opportunities leading to an increasing and robust sales pipeline developing in FY22 and into FY23 . " Demetriou continued , " We are confident that our strong culture , deep domain knowledge and investments in the latest enabled solutions have positioned us as the leader in helping our clients solve these complex global challenges . " 1