Jacobs Engineering (JEC) delivered Q4 and FY 2019 results with revenue and earnings above estimates. In the meantime, Jacobs has a business transformation underway that is positioning the company to grasp new and higher margin business opportunities in growing sectors. Therefore, we have a positive outlook for the company, as the ongoing transition is expected to be very accretive to shareholders going forward.
Q4 and Full Year 2019 Earnings Highlights
Revenue was $3.39 billion in the quarter, 3% above estimates and up 13% from a year ago. For the FY 2019, revenue totaled