8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): January 25, 2012

Jacobs Engineering Group Inc.

(Exact name of Registrant as specified in its charter)

Delaware	1-7463	95-4081636
(State of incorporation)	(SEC File No.)	(IRS Employer identification number)

1111 S. Arroyo Parkway, Pasadena, California	91105
(Address of principal executive offices)	(Zip code)

Registrant's telephone number (including area code): (626) 578-3500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On January 25, 2012, Jacobs Engineering Group Inc. (the “Company”) issued a press release announcing its financial results for the first quarter of fiscal 2012 ended December 30, 2011, and certain other financial information. A copy of the press release is attached to this Form 8-K as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

• Exhibits:

The following exhibit is furnished as part of this Report pursuant to Item 2.02.

1. Press Release dated January 25, 2012 announcing the Company's financial results for the fiscal year and quarter ended December 30, 2011 and the Company's earnings guidance for the fiscal year ending September 28, 2012.

The information in this Current Report on Form 8-K, including the exhibit, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Furthermore, this Current Report on Form 8-K, including the exhibit, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

JACOBS ENGINEERING GROUP INC.

By:/s/ John W. Prosser, Jr.

Name:John W. Prosser, Jr.

Title:Executive Vice President

Finance and Administration

Date:January 26, 2012

Exhibit Index

99.1Press Release dated January 25, 2012

EX-99.1

Exhibit 99.1

1111 South Arroyo Parkway 91105

PO Box 7084

Pasadena, California 91109-7084

1.626.578.3500    Fax 1.626.568.7144

Press Release

FOR IMMEDIATE RELEASEJanuary 25, 2012

For additional information contact:

John W. Prosser, Jr.

Executive Vice President, Finance and Administration

626.578.6803

Jacobs Engineering Group Inc. Reports Earnings

for the First Quarter of Fiscal 2012

PASADENA, CALIF - Jacobs Engineering Group Inc. (NYSE:JEC) announced today its financial results for the first quarter of fiscal 2012 ended December 30, 2011.

First Quarter Fiscal 2012 Highlights:

• Net earnings of $89.7 million;

• Diluted EPS of $0.70; and,

• Backlog at December 30, 2011 of $14.5 billion.

Jacobs reported today net earnings of $89.7 million, or $0.70 per diluted share, on revenues of $2.63 billion for its first quarter of fiscal 2012 ended December 30, 2011. This compares to net earnings of $65.8 million, or $0.52 per diluted share, on revenues of $2.36 billion for the first quarter of fiscal 2011 ended December 31, 2010.

Jacobs also announced today backlog totaling $14.5 billion at December 30, 2011, including a technical professional services component of $9.5 billion. This compares to total backlog and technical professional services backlog of $13.0 billion and $7.9 billion, respectively, at December 31, 2010.

Commenting on the results for the first quarter, Jacobs President and CEO Craig L. Martin stated, “The business continues to benefit from improving markets and solid sales and operations performance. Our outlook remains positive, as the number and quality of our prospects continue to grow.”

Commenting on the Company's earnings outlook for the remainder of fiscal 2012, Jacobs Chief Financial Officer John W. Prosser, Jr. stated, “With first quarter results in-line with our expectations, we are maintaining our guidance at $2.80 to $3.20 per share.”

Jacobs is hosting a conference call at 11:00 a.m. Eastern Time on Thursday, January 26, 2012, which they are webcasting live on the Internet at www.jacobs.com.

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Statements made in this press release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are

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inherently uncertain, and you should not place undue reliance on such statements. We caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements including those noted in our 2011 Form 10-K, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

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Financial Highlights:

Results of Operations (in thousands, except per-share data):

	Three Months Ended
	December 30, 2011			December 31, 2010
Revenues	$	2,631,768		$	2,356,175
Costs and Expenses:
Direct costs of contracts	(2,210,726		)	(2,025,137		)
Selling, general, and administrative expenses	(279,090		)	(227,419		)
Operating Profit	141,952			103,619
Other Income (Expense):
Interest income	1,395			924
Interest expense	(3,662		)	(827		)
Miscellaneous income (expense), net	(131		)	7
Total other income (expense), net	(2,398		)	104
Earnings Before Taxes	139,554			103,723
Income Tax Expense	(48,118		)	(37,026		)
Net Earnings of the Group	91,436			66,697
Net Income Attributable to   Noncontrolling Interest	(1,726		)	(874		)
Net Earnings Attributable to Jacobs	$	89,710		$	65,823
Earnings Per Share (“EPS”):
Basic	$	0.71		$	0.53
Diluted	$	0.70		$	0.52
Weighted Average Shares Used to Calculate EPS:
Basic	126,921			124,988
Diluted	128,087			126,640

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Other Operational Information (in thousands):

	Three Months Ended
	December 30, 2011		December 31, 2010
Revenues by Major Component:
Technical professional services	$	1,538,035	$	1,204,813
Field services	1,093,733		1,151,362
Total	$	2,631,768	$	2,356,175
Depreciation (pre-tax)	$	13,861	$	14,199
Amortization of Intangibles (pre-tax)	$	13,098	$	6,034
Pass-Through Costs Included in Revenues	$	543,832	$	534,888
Capital Expenditures	$	20,102	$	6,664

Selected Balance Sheet and Backlog Information (in thousands):

	December 30, 2011		December 31, 2010
Balance Sheet Information:
Cash and cash equivalents	$	959,237	$	1,039,683
Working capital	1,135,176		1,582,284
Total debt	535,724		82,424
Total Jacobs stockholders' equity	3,439,179		2,947,359
Backlog Information:
Technical professional services	$	9,529,500	$	7,871,900
Field services	4,952,500		5,116,500
Total	$	14,482,000	$	12,988,400

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