Raises Fiscal 2025 Outlook
ST. PETERSBURG, Fla.–(BUSINESS WIRE)– Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its second quarter of fiscal year 2025.
Second Quarter of Fiscal Year 2025 Highlights:
- Net revenue: $6.7 billion
- U.S. GAAP operating income: $245 million
- U.S. GAAP diluted earnings per share: $1.06
- Core operating income (Non-GAAP): $334 million
- Core diluted earnings per share (Non-GAAP): $1.94
“I am very pleased with our strong year-to-date results, which underscore the resilience and strength of our diversified portfolio. In Q2, we exceeded our expectations due to continued strength in our capital equipment, cloud and data center infrastructure, and digital commerce end-markets,” said CEO Mike Dastoor. “As the geopolitical situation continues to evolve, our ability to adapt, combined with our designation as a U.S. domiciled manufacturing service provider and our significant U.S. footprint, is becoming increasingly important for our customers. And, in my opinion, Jabil is among the best positioned companies in the world to help customers navigate these complexities,” he concluded.
Third Quarter of Fiscal Year 2025 Outlook:
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• Net revenue |
$6.7 billion to $7.3 billion |
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• U.S. GAAP operating income |
$282 million to $352 million |
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• U.S. GAAP diluted earnings per share |
$1.50 to $1.99 per diluted share |
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• Core operating income (Non-GAAP)(1) |
$348 million to $408 million |
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• Core operating income (Non-GAAP)(1) |
$2.08 to $2.48 per diluted share |
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(1) |
Core operating income and core diluted earnings per share exclude anticipated adjustments of $17 million for amortization of intangibles (or $0.14 per diluted share) and $19 million for stock-based compensation expense and related charges (or $0.17 per diluted share) and $30 million to $20 million (or $0.27 to $0.18 per diluted share) for restructuring, severance and related charges. |
Fiscal Year 2025 Outlook:
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• Net revenue |
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$27.9 billion |
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• Core operating margin (Non-GAAP) |
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5.4% |
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• Core diluted earnings per share (Non-GAAP) |
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$8.95 per diluted share |
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• Adjusted free cash flow (Non-GAAP) |
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$1.2+ billion |
