Jacobs Engineering Group

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"Jacobs Engineering" redirects here. It is not to be confused with Jacobs School of Engineering.
Jacobs Engineering Group Inc.
TypePublic
NYSE: J
S&P 500 Component
IndustryEngineering
Architect
Construction
Founded1947
FounderJoseph J. Jacobs
Headquarters
Harwood Center
Dallas, Texas[1]
,
United States
Area served
Worldwide
Key people
Steven J. Demetriou
(Chairman and CEO)[2]
Dawne Hickton
(COO space/tech/nuclear)[3]
RevenueIncrease US$ 13.567 billion (2020) [4]
Increase US$ 536 million (2020) [5]
Decrease US$ 492 million (2020) [6]
Total assetsIncrease US$ 12.768 billion (2020) [7]
Total equityIncrease US$ 6.143 billion (2020) [8]
Owner[9]
Number of employees
Increase 55,000 (2020) [10]
SubsidiariesCH2M, The Keyw, The Buffalo Group, Halcrow Group, Babtie, Shaw and Morton, Leighfisher, KlingStubbins, Simetrica, Federal Network Systems, Edwards & Kelcey, Aquenta Consulting, Bechtel Jacobs, FMHC Corporation
Websitewww.jacobs.com

Jacobs Engineering Group Inc. (NYSE: J) is an American international technical professional services firm.[11] The company provides technical, professional and construction services, as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies.[12] Jacobs has consistently ranked No. 1 on both Engineering News-Record (ENR)'s 2018/2019/2020 Top 500 Design Firms[13] and Trenchless Technology’s 2018/2019 Top 50 Trenchless Engineering Firms.[14] Its worldwide annual revenue reached over $10 billion in the 2018 fiscal year, and earnings rose to over 163 million.[15]

Overview[]

Jacobs Engineering was founded in 1947, by Joseph J. Jacobs. The company's current Chief Executive Officer is Steven J. Demetriou. He has been the Chairman of the Board since July 28, 2016 and has been its CEO and President since 2015.[16] The previous President and CEO was Craig L. Martin from 2006 until 2014.[17]

The company is publicly traded as a Fortune 500 company.[18] As of September 2018, Jacobs had more than 80,800 employees globally, and more than 400 offices in North America, South America, Europe, the Middle East, Australia, Africa, and Asia.[12]

In October 2016, the company moved its headquarters from Pasadena, California to Dallas, Texas, a decision that sparked tremendous anger.[1]

On August 9, 2017, the Pentagon awarded a $4.6 billion Integrated Research & Development for Enterprise Solutions (IRES) follow-on contract to Jacobs Technology Inc, a unit of Jacobs Engineering Group Inc. to provide products and services for the Missile Defense Agency and its Missile Defense Integration and Operations Center.[19][20]

In October 2018, Jacobs agreed to sell its Energy, Chemicals and Resources (ECR) segment to WorleyParsons.[21]

In April 2021, the Institute on Taxation and Economic Policy listed the top 55 corporations that paid $0 in taxes for the year 2020. Jacobs Federal Income Taxes for that year were negative $37 million dollars for an Effective Tax Rate of −17.4%.[22]

Acquisitions[]

In FY 2007, Jacobs acquired the privately held planning, engineering and design firm, Edwards and Kelcey for an undisclosed amount.[23]

In FY 2008, Jacobs spent $264 million to acquire Carter and Burgess, Lindsey Engineering and a 60% stake in Zamel and Turbag Consulting Engineers.[24] In FY 2010, Jacobs acquired TechTeam, Tybrin and Jordan, Jones and Goulding for $259.5 million total.[25]

In FY 2014, Jacobs announced it completed a merger transaction with Sinclair Knight Merz (SKM), a 6,900-person professional services firm headquartered in Australia. The purchase price reflects an enterprise value of AUS$1.2 billion (US$1.1 billion) plus adjustments for cash, debt and other items.[26]

On August 2, 2017, Jacobs acquired CH2M Hill – a global engineering firm in key infrastructure and government service sectors, including water, transportation, environmental and nuclear in a $3.27 billion cash-and-stock deal.[27]

In March 2020, Jacobs acquired Wood Nuclear, the nuclear services arm of UK-based John Wood Group, for £250 million, adding 2000 staff and bringing Jacobs' total UK workforce to almost 11,000.[28]

In December 2020, Jacobs announced it would be investing in the UK based company PA Consulting in a deal valued at £1.825 billion. Completion of the deal is expected to take place by the end of Q1 2021.[29]

In February 2021, Jacobs announced it would be investing in the Qatar based company Locus Engineering Management and Services in a deal valued at £120 Million. The resource transition is Completed as of Q1 2021.[citation needed]

See also[]

References[]

  1. ^ Jump up to: a b "Global engineering firm to relocate headquarters from California to Dallas". Archived from the original on 2017-08-05. Retrieved 2017-08-27.
  2. ^ "Steve Demetriou Appointed Chairman of the Jacobs Board; Linda Fayne Levinson Named Lead Director". Business Wire. 2016-07-28. Retrieved 2017-05-27.
  3. ^ Jane Edwards, May 3, 2019, GovConWire, Dawne Hickton to Succeed Terry Hagen as COO of Jacobs’ Aerospace, Tech & Nuclear Business, Retrieved July 20, 2019
  4. ^ "Jacobs Engineering Group Revenue 2006-2021 | J". www.macrotrends.net.
  5. ^ "Jacobs Engineering Group Operating Income 2006-2021 | J". www.macrotrends.net.
  6. ^ "Jacobs Engineering Group Net Income 2006-2021 | J". www.macrotrends.net.
  7. ^ "Jacobs Engineering Group Total Assets 2006-2021 | J". www.macrotrends.net.
  8. ^ "Jacobs Engineering Group Share Holder Equity 2006-2021 | J". www.macrotrends.net.
  9. ^ https://fintel.io/so/us/jec
  10. ^ "Jacobs Engineering Group: Number of Employees 2006-2020". Macrotrends. Retrieved 2021-03-11.
  11. ^ "Can Jacobs Engineering Group Inc. (NYSE:JEC) Surprise Analysts?". Investor Newswire. Archived from the original on 30 June 2015. Retrieved 3 July 2015.
  12. ^ Jump up to: a b "A Company Like No Other". Retrieved 2019-04-15.
  13. ^ "[1]," ENR, Retrieved July 19, 2020.
  14. ^ "[2]," Trenchless Technology, December 19, 2019. Retrieved July 19, 2020.
  15. ^ "U.S. Securities and Exchange Commission Form 10-K: Jacobs Engineering Group Inc". Sec.gov. Retrieved 2019-01-06.
  16. ^ "Steven J. Demetriou," Bloomberg, Retrieved 06 January 2019.
  17. ^ "Jacobs Engineering CEO Craig Martin announces retirement, cites health reasons". Star Tribune. 23 November 2014. Archived from the original on 29 November 2014. Retrieved 25 November 2014.
  18. ^ "Jacobs Engineering Group". Fortune. Retrieved 2018-11-29.
  19. ^ "Jacobs Technology wins $4.6 billion U.S. defense contract: Pentagon". Reuters. August 9, 2017. Retrieved 2017-08-09.
  20. ^ "Contracts for August 9, 2017". U.S. Department of Defense. Retrieved 2017-08-09.
  21. ^ "Australia's WorleyParsons to buy Jacobs energy, resources arm for $3.3 billion". Reuters. Retrieved 2019-01-06.
  22. ^ "55 Corporations Paid $0 in Federal Taxes on 2020 Profits". Retrieved 2021-05-21.
  23. ^ https://njbiz.com/jacobs-engineering-to-buy-edwards-and-kelcey
  24. ^ "2008 Annual Report" (PDF). Jacobs. Retrieved 2019-09-03.
  25. ^ "2010 Annual Report" (PDF). Jacobs. Retrieved 2019-09-03.
  26. ^ "Jacobs Completes Merger Transaction with Sinclair Knight Merz". invest.jacobs.com.
  27. ^ "Jacobs Engineering to boost government business with CH2M buy," Reuters, 2 August 2017. Retrieved 2 August 2017.
  28. ^ Lowe, Tom (9 March 2020). "Jacobs snaps up Wood's nuclear business for £250m". Building. Retrieved 9 March 2020.
  29. ^ "Carlyle exits PA Consulting stake following Jacobs investment". Consultancy UK.

External links[]

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