Jabil Delivers Strong Fourth Quarter Results

Positive Momentum Expected to Continue

ST. PETERSBURG, Fla.  Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2020.
“I’m thrilled with our ability to deliver such strong financial results to close out FY20,” said CEO Mark Mondello. “Over the past several years, we’ve strategically positioned Jabil in attractive end-markets, while building the most desired products and serving the world’s most successful brands. At the same time, we’ve streamlined the organization, creating a more optimized cost structure. These collective efforts allowed us to beat expectations in the fourth quarter, despite the various complexities brought about by the global pandemic,” he added.

Fourth Quarter of Fiscal Year 2020 Highlights:
• Net revenue: $7.3 billion
• Diversified Manufacturing Services (DMS) year-on-year revenue growth: 17 percent
• Electronics Manufacturing Services (EMS) year-on-year revenue growth: 8 percent
• U.S. GAAP operating income: $197.1 million
• U.S. GAAP diluted earnings per share: $0.44
• Core operating income (Non-GAAP): $255.2 million
• Core diluted earnings per share (Non-GAAP): $0.98

Fiscal Year 2020 Highlights:
• Net revenue: $27.3 billion
• Diversified Manufacturing Services (DMS) year-on-year revenue growth: 8 percent
• Electronics Manufacturing Services (EMS) year-on-year revenue growth: 8 percent
• U.S. GAAP operating income: $499.8 million
• U.S. GAAP diluted earnings per share: $0.35
• Core operating income (Non-GAAP): $864.1 million
• Core diluted earnings per share (Non-GAAP): $2.90

“As we exit FY20 and look ahead, I am excited with the momentum underway in our business,” said CFO Mike Dastoor. “Several of our key businesses remain especially strong including Mobility, Healthcare and Cloud. At the same time, we’re permanently transitioning certain components we procure in our EMS segment from the current purchase-and-resale model to a consignment service model,” he added.