Jacobs Engineering Group Inc. (NYSE: JEC) reported today record net earnings of $151.0 million, or $2.57 per diluted share, on revenues of $5.6 billion for its fiscal year ended September 30, 2005. This compares to net earnings of $129.0 million, or $2.25 per diluted share, on revenues of $4.6 billion for fiscal 2004.

For the fourth quarter of fiscal 2005, Jacobs reported net earnings of $42.8 million, or $0.72 per diluted share, on revenues of $1.5 billion. This compares to net earnings of $30.5 million, or $0.53 per diluted share, on revenues of $1.2 billion for the fourth quarter of fiscal 2004.

Jacobs also reported record backlog totaling $8.6 billion at September 30, 2005, including a technical professional services component of $4.3 billion. This compares to total backlog and technical professional services backlog of $7.5 billion and $4.0 billion, respectively, at September 30, 2004.

Commenting on the results for the year, Jacobs Chairman and CEO Noel G. Watson stated, "Fiscal 2005 was a good year for Jacobs. We posted a 14 percent increase in earnings-per-share and grew backlog by 16 percent. Many of our clients' markets are showing increased capital spending activity, including oil & gas, federal programs, and civil & infrastructure. Our prospects remain strong, and I expect fiscal 2006 to be another good growth year for us. I want to thank our management and employees for all of their efforts last year, and I want to thank our customers and shareholders for their continued support."

In commenting on the earnings outlook for fiscal 2006 Chief Financial Officer John W. Prosser, Jr. stated, "We are very pleased to report earnings that reflect a return to our historic growth rates. Our outlook for fiscal 2006 remains positive and we expect earnings for the year to be in line with our EPS growth rate goal of 15 percent, before the effects of adopting FAS 123(R)."