| 2016-11-22 06:47:27|
JEC 06:47 11/22 11/22/16
Jacobs Engineering sees FY17 adjusted EPS $3.00-$3.30, consensus $3.23
Kevin Berryman, Jacobs CFO, said, "Our results demonstrated that we are focused on driving greater financial discipline, improving margins, enhancing working capital performance, and ultimately driving greater returns. Over the past several quarters, we have seen reductions in G&A costs and improved receivables collection performance, resulting in improved cash flows. In 2017, while we anticipate continuing market challenges in certain of our businesses, we expect to benefit from our restructuring savings while simultaneously investing in our growth strategy. We believe this will result in underlying operating profit improvement, resulting in our adjusted EPS guidance for the 2017 fiscal year being in the range of $3.00 to $3.30."