EMS Survey WIDE NEW EDIT

Jabil Posts Third Quarter Results

Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its third quarter of fiscal year 2022.

“The effectiveness of our business model was on display during Q3, as the team delivered strong revenue and earnings results,” said Chairman and CEO Mark Mondello. “Our diversified approach has been designed to be flexible and resilient as we aim to deliver for both our customers and stakeholders. During the quarter, I believe the team did an outstanding job rising to the challenge,” he added.

Third Quarter of Fiscal Year 2022 Highlights:

  • Net revenue: $8.3 billion
  • Diversified Manufacturing Services (DMS) year-on-year revenue growth: 7 percent
  • Electronics Manufacturing Services (EMS) year-on-year revenue growth: 23 percent
  • U.S. GAAP operating income: $321 million
  • U.S. GAAP diluted earnings per share: $1.52
  • Core operating income (Non-GAAP): $352 million
  • Core diluted earnings per share (Non-GAAP): $1.72

Fourth Quarter of Fiscal Year 2022 Outlook:

Net revenue

$8.1 billion to $8.7 billion

U.S. GAAP operating income

$367 million to $427 million

U.S. GAAP diluted earnings per share

$1.78 to $2.18 per diluted share

Core operating income (Non-GAAP) (1)

$390 million to $450 million

Core diluted earnings per share (Non-GAAP) (1)

$1.94 to $2.34 per diluted share

Fiscal Year 2022 Updated Outlook:

“As we look ahead, we see solid demand in key areas of our business,” continued Mondello. “Given this ongoing momentum, we now expect FY22 revenue to be in the neighborhood of $32.8 billion and core EPS to be $7.45,” added Mondello.

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