Jacobs Engineering Sees Fourth-Quarter Earnings Drop 65%, Project Backlog Remains Strong

SUGAR LAND--November 24, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Jacobs Engineering Group's (NYSE:JEC) (Pasadena, California) fourth-quarter 2015 earnings dropped 65% to $29.9 million from $86.1 million in the same period a year earlier as a result of a drop in capital expenditures by oil and gas producers, as well as an unfavorable currency exchange rate and restructuring charges. However, company executives said they saw promising growth in the pharma-biotech sector and other industries. Industrial Info is tracking 281 active projects worth $104.97 billion that involve the global engineering firm. Within this article: Fourth-quarter earnings by Jacobs Engineering Group (NYSE:JEC).