There's a company out there called Jacobs Engineering
It has a balance sheet that you may have seen on the World's Strongest Man, and has managed to plow its way to a price appreciation of about 65% in just the past couple of months. Beyond that, it's just managed to report earnings of $116.4 million, or $0.94 a share, for its first quarter of fiscal 2009, up from $98.4 million in the same quarter a year earlier. That represents a more than 18% improvement from last year's comparable number and a $0.05 win over analyst estimates. At the same time, Jacobs has boosted its backlog by more than $1.0 billion from a year ago.
Not long ago, I noted to my Foolish friends that Jacobs this month has been on a new contract binge. Its new work consists of helping ExxonMobil
It also will manage the design and construction of a water, steam, and electricity production plant at the University of Oklahoma in Norman. Not to mention Jacobs' other challenges involve highway consulting services in the state of Georgia and a major highway project in northern California.
There are those who are convinced that Jacobs, along with the companies with which it competes, including Fluor
My strong feeling is that those companies will ultimately benefit from programs both at home and in a variety of overseas settings. Jacobs has targeted the Middle East as a major area of expansion and it already has a strong presence in India. Although it revised guidance for next year down $0.15, Jacobs still expects to reach its 15% growth rate goal. For my money, it continues to deserve attention from Fools looking to move against the current tide of our chaotic market.
Jacobs is a four-star member of the Motley Fool CAPS community. Does the company's growth make you think it deserves yet another star?
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