Jabil Posts Financial Results

ST. PETERSBURG, Fla – Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2019.

 

Fourth Quarter of Fiscal Year 2019 Highlights:

  • Net revenue: $6.6 billion
  • Diversified Manufacturing Services (DMS) year-on-year revenue growth: 2 percent
  • Electronics Manufacturing Services (EMS) year-on-year revenue growth: 23 percent
  • U.S. GAAP operating income: $189.7 million
  • U.S. GAAP diluted earnings per share: $0.34
  • Core operating income (Non-GAAP): $246.1 million
  • Core diluted earnings per share (Non-GAAP): $0.88

Fiscal Year 2019 Highlights:

  • Net revenue: $25.3 billion
  • Diversified Manufacturing Services (DMS) year-on-year revenue remained consistent
  • Electronics Manufacturing Services (EMS) year-on-year revenue growth: 26 percent
  • U.S. GAAP operating income: $701.4 million
  • U.S. GAAP diluted earnings per share: $1.81
  • Core operating income (Non-GAAP): $876.6 million
  • Core diluted earnings per share (Non-GAAP): $2.98

“I’m thrilled with our FY19 results, highlighted by outstanding operational execution, strong free cash flow generation and double-digit core EPS growth,” said CEO Mark Mondello. “As expected, our revenue was driven higher by targeted end-markets in the areas of 5G, cloud, energy and healthcare. Looking ahead, we expect the positive momentum to continue as we remain committed to driving margin expansion and delivering strong cash flows, derived from a well-balanced stream of revenue,” added Mondello.

First Quarter of Fiscal Year 2020 Outlook:

• Net revenue

$6.65 billion to $7.35 billion

• U.S. GAAP operating income

$128 million to $206 million

• U.S. GAAP diluted earnings per share

$0.14 to $0.58 per diluted share

• Core operating income (Non-GAAP) (1)

$235 million to $285 million

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

$0.82 to $1.04 per diluted share

• Diversified Manufacturing Services revenue

Increase 3 percent year-on-year

• Electronics Manufacturing Services revenue

Increase 11 percent year-on-year

(1) Core operating income and core diluted earnings per share exclude anticipated adjustments of $16.0 million for amortization of intangibles (or $0.10 per diluted share), $21.0 million for stock-based compensation expense and related charges (or $0.13 per diluted share), $50.0 million to $30.0 million for restructuring and related charges (or $0.32 to $0.15 per diluted share) and $20.0 million to $12.0 million for acquisition and integration charges (or $0.13 to $0.08 per diluted share).

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