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Today Jabil Inc., reported preliminary, unaudited financial results for its fourth quarter and full fiscal year ended August 31, 2017, including fourth quarter net revenue of $5.0 billion and fiscal year net revenue of $19.1 billion.
For the fourth quarter of fiscal year 2017, U.S. GAAP (as defined below) operating income was $118.1 million and U.S. GAAP diluted earnings per share was $0.25. For fiscal year 2017, U.S. GAAP operating income was $410.2 million and U.S. GAAP diluted earnings per share was $0.69.
For the fourth quarter of fiscal year 2017, core operating income ((Non-U.S. GAAP) as defined below) was $191.5 million and core diluted earnings per share ((Non-U.S. GAAP) as defined below) was $0.64. For fiscal year 2017, core operating income was $667.0 million and core diluted earnings per share was $2.11.
“I’m very pleased with our team’s performance throughout the fiscal year,” said CEO Mark Mondello. “As we described at the outset of the year, success would include solid revenue and core earnings growth coupled with strong cash flow generation. Clearly, we delivered on these strategic objectives,” he added.
Fiscal Year 2017 Highlights:
- Net revenue growth: 4 percent
- Core diluted earnings per share (Non-U.S. GAAP) growth: 13 percent
- Cash flow from operations: $1.26 Billion
“Looking ahead, we expect continued revenue and core EPS growth in both the first quarter and fiscal 2018. The success of our capabilities-driven strategy is allowing for continued share gains and enhanced diversification across the enterprise. As a result, our plan to deliver core EPS of $2.60 in 2018 and $3.00 in 2019 remains on track,” added Mondello.
Jabil is a product solutions company providing comprehensive electronics design, production and product management services. Offering complete product supply chain management from facilities in 29 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Further information is available on Jabil’s website: jabil.com.