1、2008 Annual ReportJacobs Engineering Group Inc.To Our Shareholders,Customers,and Employees:Fiscal year 2008 marked another excellent year for the company.Our financial performance and other metrics exceededour expectations.Our earnings grew dramatically and we finished our year with the highest year
2、-end backlog in our history.Our cash position is equally strongwe had$547.8 million in net cash as of September 30supplemented by available lines-of-credit at very attractive rates.As our earnings grew,our employee base grew too.Through a combination of acquisitions and active recruitment,weadded 7,
3、900 employees during the year.Recruiting people in 2008 wasnt easy;there was fierce competition for good talent.We are pleased that so many people chose Jacobs.The year was also a good one from an acquisitions perspective.We added Carter&Burgess in the U.S.and L.E.S in theU.K.as well as a controllin
4、g interest in Zamel&Turbag Engineers in Saudi Arabia,and a minority interest in CES Ltd.,inIndia.We are very excited about the contributions these firms will make to Jacobs continuing growth.We were also very pleased with our performance in this first year of implementation of our BeyondZeroSMprogra
5、m.While BeyondZeroSMis broader than safety,we are already seeing significant results in our safety metrics.To our delight,wesaw double digit improvements in our safety performance in almost every aspect we measure.The question:“How do we gobeyond zero incidents and injuries?”has inspired our organiz
6、ation to a deeper,richer,emotional commitment to the safety ofour employees,their families,their friends,even strangers.While we have a lot left to do,we are highly optimistic about theresults.A very important measurement of how our client relationships are doing is reflected in their feedback.This