Jabil Reports Third Quarter FY2020 Results

Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its third quarter of fiscal year 2020.

“Our ability to deliver strong cash flows and solid revenue growth in the midst of a global pandemic suggests we’re doing something right,” said CEO Mark Mondello. “I want to offer my sincere appreciation to all those who work so hard to keep our people safe. The unique combination of efficiently operating our factories, and the strength of our well-diversified commercial portfolio, has allowed us to successfully navigate an extremely challenging macro environment,” he added.

Third Quarter of Fiscal Year 2020 Highlights:

  • Net revenue: $6.3 billion
  • Diversified Manufacturing Services (DMS) year-on-year revenue growth: 13 percent
  • Electronics Manufacturing Services (EMS) year-on-year revenue decrease: 2 percent
  • U.S. GAAP operating income: $59.4 million
  • U.S. GAAP diluted loss per share: $(0.34)
  • Core operating income (Non-GAAP): $172.1 million
  • Core diluted earnings per share (Non-GAAP): $0.37

Fourth Quarter of Fiscal Year 2020 Outlook:

  • Net revenue: $5.8 billion to $6.6 billion
  • U.S. GAAP operating income: $79 million to $189 million
  • U.S. GAAP diluted earnings per share: $0.04 to $0.50 per diluted share
  • Core operating income (Non-GAAP) (1): $145 million to $245 million
  • Core diluted earnings per share (Non-GAAP) (1): $0.46 to $0.86 per diluted share
  • Diversified Manufacturing Services revenue: Increase 1 percent year-on-year
  • Electronics Manufacturing Services revenue: Decrease 8 percent year-on-year
  • Total company revenue: Decrease 5 percent year-on-year
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