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Jabil Inc., reported preliminary, unaudited financial results for its third quarter of fiscal year 2021.
“Our third quarter performance was outstanding,” said CEO Mark Mondello. “The combination of strong demand and excellent execution by the team allowed us to deliver $277 million in core operating income on revenue of $7.2 billion,” he added.
Third Quarter of Fiscal Year 2021 Highlights:
- Net revenue: $7.2 billion
- Diversified Manufacturing Services (DMS) year-on-year revenue growth: 21 percent
- Electronics Manufacturing Services (EMS) year-on-year revenue growth: 8 percent
- U.S. GAAP operating income: $239.8 million
- U.S. GAAP diluted earnings per share: $1.12
- Core operating income (Non-GAAP): $276.9 million
- Core diluted earnings per share (Non-GAAP): $1.30
Fourth Quarter of Fiscal Year 2021 Outlook:
- Net revenue: $7.3 billion to $7.9 billion
- U.S. GAAP operating income: $242 million to $302 million
- U.S. GAAP diluted earnings per share: $1.00 to $1.20 per diluted share
- Core operating income (Non-GAAP): $280 million to $340 million
- Core diluted earnings per share: $1.25 to $1.45 per diluted share
- Total company revenue: Increase 4 percent year-on-year
Fiscal Year 2021 Updated Outlook:
“I’m confident in our plan. As a result, we are raising our financial outlook for the balance of the year. We now expect FY21 revenue to be in the neighborhood of $29.5 billion, with core EPS of approximately $5.50,” added Mondello.
Dr. Ronald C. Lasky, Indium Corp.
It may be difficult to see any bright spots in the current and recent economic situation. We have all experienced the devastation of the pandemic, supply chain issues, and most recently, inflation. However, as a senior technologist for an international materials supplier (Indium Corporation) and a professor of engineering at an Ivy League research university (Dartmouth College), I offer these four silver linings for those of us in the electronics industry.
Chris Peters, USPAE
Events of the past two years have clearly demonstrated the value of strong trading relationships. When materials become constrained, as in the recent microchip shortage or any of the pandemic-driven supply chain snafus, the companies that have those materials have a choice to make. Which customers will be put at the front of the line, and which will be placed at the rear? Too often, company executives assume that since they are a large buyer, they automatically will be prioritized when supplies are constrained. Research has shown that this is not always the case, and that assumption can leave a company in a weakened position.
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