Jacobs Engineering Group Inc. J reported fourth-quarter fiscal 2020 (ended Oct 2, 2020) results, wherein earnings and revenues beat the respective Zacks Consensus Estimate, courtesy of solid project execution.Its president and CFO Kevin Berryman said, "Our focus on delivering innovative and technology-enabled solutions for a more connected, sustainable world is even more critical today than any time in our company's history. During fiscal 2020 we grew revenue and profits year-over-year, generated $689 million in free cash flow and are positioned for operating profit growth and strong cash flow generation in fiscal 2021. The next phase of our growth will be propelled by Jacobs' Focus 2023 initiative – further accelerating our global integrated delivery of technology-enabled solutions."Meanwhile, Jacobs acquired a leader in advanced cyber and intelligence solutions - The Buffalo Group. This strengthened its leading portfolio of national priority mission-focused, government solutions in the cyber domain and Intelligence Community. However, the terms of the acquisition are not yet disclosed.Earnings & Revenue DiscussionFor the reported quarter, its adjusted earnings of $1.63 per share topped the consensus estimate of $1.30 by 25.4% and increased 10.1% from the year-ago period.Jacobs’ revenues totaled $3.52 billion, which surpassed the consensus mark by 4.9% and grew 3.7% year over year. The improvement was driven by healthy segmental performance. Backlog at fiscal 2020-end totaled $23.8 billion, up 5.5% from a year ago.Jacobs Engineering Group Inc. Price, Consensus and EPS Surprise Jacobs Engineering Group Inc. price-consensus-eps-surprise-chart | Jacobs Engineering Group Inc. QuoteSegment DetailsRevenues from the Critical Mission Solutions segment of $1.33 billion increased 2.2% year over year. Backlog at quarter-end was $9.1 billion, up 7.6% year over year.Revenues from the People & Places Solutions segment totaled $2.19 billion, which increased 4.7% year over year. Backlog at quarter-end was $14.7 billion, up 4.3% year over year.Margins ProfileFor the quarter under review, adjusted gross profit decreased 0.5% year over year to $665.4 million.Adjusted operating margin contracted 31 basis points (bps) to 9.11%.Balance Sheet & Cash FlowAt fiscal 2020-end, Jacobs had cash and cash equivalents of $862.4 million, up from $631.1 million at fiscal 2019-end. Long-term debt balance increased to $1.68 billion at the end of fiscal 2020 from $1.2 billion at fiscal 2019-end.The company provided $806.8 million cash for operating activities in fiscal 2020 compared with $366.4 million of cash used in operating activities a year ago. It generated free cash flow of $688.6 million in fiscal 2020.Fiscal 2020 HighlightsRevenues of $13.6 billion grew 6.5% and 2.5% on a pro-forma basis. Adjusted earnings were $5.48 per share, up 9% year over year. Adjusted operating margin expanded 9 bps to 8.76%. Adjusted EBITDA came in at $1.1 billion, up 7.1% year over year.Fiscal 2021 GuidanceJacobs expects adjusted EBITDA between $1,055 million and $1,155 million. Also, it anticipates adjusted earnings within $5.20-$6.00 per share. Jacobs has launched the Focus 2023 initiative, with expected benefits of more than $200 million versus fiscal 2020.Zacks RankJacobs — which shares space with Quanta Services, Inc. PWR, AECOM ACM and KBR, Inc. KBR in the industry — currently carries a Zacks Rank #3 (Hold).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Biggest Tech Breakthrough in a GenerationBe among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.See 8 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quanta Services, Inc. (PWR): Free Stock Analysis Report AECOM (ACM): Free Stock Analysis Report KBR, Inc. (KBR): Free Stock Analysis Report Jacobs Engineering Group Inc. (J): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research