Jabil Reports Strong Fiscal Year; Expects Positive Momentum to Continue

Reading time ( words)

Jabil Inc., reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2018.

“I’m really pleased with our fiscal 2018 results and the positive momentum we’re seeing across the business,” said CEO Mark Mondello. “Our team’s performance during the year culminated in double-digit revenue growth, 24% core EPS expansion and core ROIC of 19 percent, an increase of approximately 400 basis points year-on-year. At the same time, we made strategically important investments in areas like additive manufacturing and factory automation, while the underlying business allowed for nearly $1 billion in cash flow generation and $500 million in shareholder returns. By many measures, 2018 was another great year as we position the company to continue to deliver on our stated goals,” he added.

Fiscal Year 2018 Highlights:

  • Net revenue: $22.1 billion
  • Diversified Manufacturing Services (DMS) year-on-year revenue growth: 23%
  • Electronics Manufacturing Services (EMS) year-on-year revenue growth: 11%
  • U.S. GAAP operating income: $542.2 million
  • U.S. GAAP diluted earnings per share: $0.49
  • Core operating income (Non-GAAP): $768.1 million
  • Core diluted earnings per share (Non-GAAP): $2.62

“As we begin fiscal 2019, we’re steadfast in our commitment to deliver value for shareholders. We’ll continue to pursue strategic capabilities and technologies in select end-markets that should result in even more sustainable earnings and cash flows over the next three to four years.” added Mondello.

First Quarter of Fiscal Year 2019 Guidance:

  • Net revenue - $5.8 billion to $6.4 billion
  • U.S. GAAP operating income - $158 million to $223 million
  • U.S. GAAP diluted earnings per share - $0.45 to $0.74 per diluted share
  • Core operating income (Non-GAAP) - $215 million to $265 million
  • Core diluted earnings per share (Non-GAAP) - $0.79 to $0.99 per diluted share
  • Diversified Manufacturing Services - Increase revenue 5% year-on-year
  • Electronics Manufacturing Services - Increase revenue 13% year-on-year
  • Total company - Increase revenue 9% year-on-year                                             

About Jabil

Jabil is a product solutions company providing comprehensive design, manufacturing, supply chain and product management services. Operating from over 100 facilities in 29 countries, Jabil delivers innovative, integrated and tailored solutions to customers across a broad range of industries. 


Suggested Items

The Smart Robot Revolution is Here

10/10/2018 | Pratik Kirve, Allied Analytics
The distance between imagination and reality has reduced considerably. Thanks to advanced technologies such as artificial intelligence (AI), data processing, and machine vision, the science fiction writers' vision of smarter robots is becoming a reality. These more intelligent machines are also making a big impact in manufacturing.

Electronic Components Market Update

10/04/2018 | Daniella Baldock, JJS Manufacturing
Unfortunately, there is still no end in sight to the electronic component shortage, and some lead-times are being quoted with 2019 and even 2020 delivery dates! So if you are working with an EMS provider, it remains vital that you communicate and share forecast information with them. You may also want to start looking at the option of fitting, or designing in, smaller components to your PCB assemblies.

Mexico: A New Hub for Electronics Manufacturing

09/25/2018 | Doug Donahue, VP Business Development, Entrada Group
With its competitive production costs, good logistical access, a skilled and deep talent pool and state-of-the-art technology, Mexico now produces everything from flat-screen televisions to smartphones and other consumer devices employing surface-mount technologies. Here's how Mexico’s strengths in electronics manufacturing services (EMS) evolved, and why more and more electronics manufacturers are moving to the country.

Copyright © 2018 I-Connect007. All rights reserved.