Jacobs Engineering Group

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Jacobs Engineering Group Inc.
Type Public
Traded as NYSEJEC
S&P 500 Component
Industry Engineering
Construction
Founded 1947
Founders Dr. Joseph J. Jacobs
Headquarters 155 North Lake Avenue
Pasadena, California
, United States
Area served Worldwide
Key people Craig L. Martin
(CEO and President)
Thomas Jacobs
(Chairman of the Board)
Noel G. Watson
(Chairman)
Revenue
  • Increase US$ 11,818.376 million (2013) [1]
  • Increase US$ 10,893.778 million (2012) [1]
Operating income
  • Increase US$ 668.979 million (2013) [1]
  • Increase US$ 596.073 million (2012) [1]
Net income
  • Increase US$ 423.093 million (2013) [1]
  • Increase US$ 378.954 million (2012) [1]
Total assets
  • Increase US$ 7,274.144 million (2013) [2]
  • Increase US$ 6,839.433 million (2012) [1]
Total equity
  • Increase US$ 4,248.335 million (2013) [2]
  • Increase US$ 3,758.889 million (2012) [1]
Employees Increase 66,500 (FY 2013)
Subsidiaries
Website www.jacobs.com

Jacobs Engineering Group Inc., is an international engineering, architecture, and construction firm with offices located around the world. As a publicly traded company with 60,000 employees and 2011 revenues of more than $10 billion, Jacobs offers support to industrial, commercial, and government clients across multiple markets. In 2010, Jacobs was named by Forbes as one of America's 100 Most Trustworthy Companies.[3] Annual revenues have made Jacobs Engineering a Fortune 500[4] Company.

History[edit]

Jacobs was originally founded in 1947 by Joseph J. Jacobs as Jacobs Engineering Company following a stint at Chemurgic Corporation in Richmond, California. The company was both a consulting agency and a manufacturers' representative for makers of large-scale equipment in the processing industry. Jacobs relocated the firm to Pasadena in anticipation of the phenomenal growth that would soon occur in southern California.

In 1956, Jacobs Engineering landed its largest contract to date with Kaiser Aluminum in Louisiana.

On November 1, 2011, Jacobs Engineering announced its acquisition of the Philadelphia-based architectural firm KlingStubbins, thus increasing Jacobs's design capabilities.[5]

Overview[edit]

Jacobs Engineering employs approximately 60,000 employees globally, and its acquisition of KlingStubbins added approximately 500 employees from the architectural firm's United States and Asia offices.[6] Jacobs has more than 200 offices in more than 25 countries, with operations in North America, the United Kingdom, Ireland, Continental Europe, India, Australia, Africa, and Asia. It owns one-third of the Atomic Weapons Establishment, Aldermaston, UK.

Primary markets include: Aerospace and Defense, Automotive and Industrial, Buildings, Chemicals and Polymers, Consumer and Forest Products, Energy, Environmental Programs, Infrastructure, Mining and Minerals, Oil and Gas, Pharmaceuticals and Biotechnology, Refining, and Technology.

CEO Craig L. Martin[edit]

Craig L. Martin (born 1949) was the President, chief Executive Officer and Director of the Jacobs Engineering Group from 2006 until 2014.[7]

Early life and education[edit]

Mr. Martin has a degree in Civil Engineering from the University of Kansas. He received his MBA from the University of Denver.[8]

Career[edit]

Martin began his career at CRSS and Martin K. Eby Construction before he joined Jacobs in 1994[8] as a Senior Vice President for Operations.[7] In 2002 Martin was promoted to President of Jacobs and joined the board. In 2006 he became the CEO.[9]

On November 23, 2014 Martin announced that he will step down from his position as CEO as of December 26, 2014, the last day of the first fiscal quarter of the company.[10]

Martin cited health issues as the cause of his retirement: “I would love to continue to lead this extraordinary organization, but it would be unfair to our employees and our shareholders for me to try to continue in my role and address my health issues,” said Craig L. Martin. “As a significant shareholder myself, I look forward to watching the company grow and increase in value. I am confident in this team’s ability to meet my expectations.”[11]

See also[edit]

References[edit]

  1. ^ a b c d e f g h "JACOBS ENGINEERING GROUP INC /DE/ 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. November 22, 2013. 
  2. ^ a b "JACOBS ENGINEERING GROUP INC /DE/ 2014 Q2 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 2, 2014. 
  3. ^ Coster, Helen. "Forbes 100 Most Trustworthy Companies". Retrieved 2012-08-16. 
  4. ^ "Jacobs Engineering Group - Fortune 500". money.cnn.com. 2012. Retrieved 2012-05-08. 
  5. ^ http://archrecord.construction.com/news/2011/11/Jacobs-Engineering-KlingStubbins-Acquired.asp
  6. ^ "Jacobs Engineering buys Philadelphia architectural firm". 
  7. ^ a b "Craig L. Martin". NNDB. Retrieved 25 November 2014. 
  8. ^ a b "A Perspective on Business Leadership in the Decade to Come". UCLA Anderson School of Management. Retrieved 25 November 2014. 
  9. ^ "Jacobs Engineering Announces Retirement Of CEO Craig Martin". NASDAQ. 23 November 2014. Retrieved 25 November 2014. 
  10. ^ "Jacobs Engineering CEO Craig Martin announces retirement, cites health reasons". Star Tribune. 23 November 2014. Retrieved 25 November 2014. 
  11. ^ "Jacobs Engineering Group Inc. Announces Retirement of President and CEO at Year-End". CNBC. 23 November 2014. Retrieved 25 November 2014. 

External links[edit]