Jabil Posts 2Q FY2017 Net Revenue of $4.4B


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Jabil Circuit Inc. has reported preliminary, unaudited financial results for its second quarter of fiscal year 2017, including second quarter net revenue of $4.4 billion.

For the second quarter, U.S. GAAP operating income was $83.2 million and U.S. GAAP diluted earnings per share was $0.11. Core operating income was $152.2 million and core diluted earnings per share was $0.48.

"The performance of our team during the second quarter was exceptional with nearly all of our businesses delivering at or above plan," said CEO Mark Mondello. "I believe our results reflect the effectiveness of our strategy to increase the quality and diversification of our cash flows and earnings."

"Jabil's focus remains on our commitment to return capital to shareholders, our multi-year financial objectives and the goal of becoming the world's most advanced manufacturing solutions company," said Mondello.

About Jabil

Jabil (NYSE: JBL) is a product solutions company providing comprehensive electronics design, production and product management services. Offering complete product supply chain management from facilities in 28 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Further information is available on Jabil's website at jabil.com.

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