Jacobs’ second-quarter profit is flat at $ 3.5 billion


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Diving Brief: Jacobs Engineering Group announced its second-quarter 2021 financial results on Monday and generated US $ 3.5 billion in revenue, up 3.5% from the US $ 3.4 billion announced by the company for the same period in 2020. The company’s People & Places solutions segment saw second. Total revenue decreased for the quarter from $ 2.2 billion to $ 2.1 billion, but net revenue increased 1.4% from $ 1.5 billion to $ 1.6 billion. P&PS backlog increased from $ 14.2 billion at the end of the second quarter of last year to $ 15.5 billion this year. During Jacobs’ earnings call with analysts, Kevin Berryman, chief financial officer and chief financial officer, said its pipeline is leveraging the life sciences and electronics whose clients are moving ahead with projects that have been put on hold. Transportation projects accounted for 30% of P&PS net revenue, followed by construction (22%), water (21%), state-of-the-art facilities (15%) and the environment (12%). During the earnings call, Steve Demetriou, CEO and President of Jacobs, said the company is ready to capitalize on the US stimulus spending, but does not expect to present the same opportunities until 2022. Dive Insight: One of the projects Jacobs considers recently win is the Water Treatment Plant Improvement Project McCarrons in St. Paul, Minnesota. Saint Paul Regional Water Services expects design work on this project to continue through 2022, with most construction work taking place from 2022 to 2025. Jacobs, SPRWS, the University of Minnesota, and the Minnesota Department of Health will conduct a small-scale water treatment facility in Site for a period of 12 months – with a proposed new processing process – in order to clarify any issues before construction of the new facility begins. Mike Matici ،, president of the Jacobs financial services practice, wrote this week that the $ 2.3 trillion US jobs plan bill, if passed, would provide opportunities to tackle critical capital water projects that were paused last year due to the pandemic. He said that the law provides: $ 56 billion to finance water, sanitation and rainwater, mainly through low-interest loans. $ 45 billion for leading service line projects. Other funding opportunities for resilience, sustainability, and environmental justice projects, and projects related to social justice. The law would also save as proposed: $ 115 billion to modernize bridges, highways and roads. $ 20 billion for road safety projects. $ 85 billion to modernize transportation systems. $ 80 billion for Amtrak’s accumulated reform. $ 25 billion for airports. $ 17 billion compared to $ 17 billion for inland waterways, coastal port, land entry port and ferry projects.


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