Jabil Posts Fourth Quarter and Fiscal Year 2021 Results

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Jabil Inc., reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2021.

“I’m thrilled with the strong financial results we achieved in FY21,” said CEO Mark Mondello. “In a year where global supply chains were challenged, the results came in far ahead of our initial expectations for the year. The year was illustrative of both the power of our talented workforce and the adaptability of our large-scale diversified model, which serves such a broad range of end-markets today,” he added.

Fourth Quarter of Fiscal Year 2021 Highlights: 

• Net revenue: $7.4 billion
• Diversified Manufacturing Services (DMS) year-on-year revenue growth: 10 percent
• Electronics Manufacturing Services (EMS) year-on-year revenue decrease: 6 percent
• U.S. GAAP operating income: $265 million
• U.S. GAAP diluted earnings per share: $1.16
• Core operating income (Non-GAAP): $314 million
• Core diluted earnings per share (Non-GAAP): $1.44

Fiscal Year 2021 Highlights:

• Net revenue: $29.3 billion
• Diversified Manufacturing Services (DMS) year-on-year revenue growth: 17 percent
• Electronics Manufacturing Services (EMS) year-on-year revenue decrease: 1 percent
• U.S. GAAP operating income: $1.1 billion
• U.S. GAAP diluted earnings per share: $4.58
• Core operating income (Non-GAAP): $1.2 billion
• Core diluted earnings per share (Non-GAAP): $5.61

“As we move ahead, the momentum within our business is expected to continue into FY22,” said CFO Mike Dastoor. “In a world where increasingly complex hardware needs to be built, Jabil is incredibly well-positioned to benefit from secular growth we’re experiencing across vehicle electrification, connected healthcare and infrastructure development, to name a few. These are indeed exciting times for Jabil!” he added.

First Quarter of Fiscal Year 2022 Outlook:

• Net revenue - $8.0 billion to $8.6 billion
• U.S. GAAP operating income - $321 million to $381 million
• U.S. GAAP diluted earnings per share - $1.41 to $1.61 per diluted share
• Core operating income (Non-GAAP) (1) - $365 million to $425 million
• Core diluted earnings per share (Non-GAAP) (1) - $1.70 to $1.90 per diluted share
• Diversified Manufacturing Services revenue - Increase 10 percent year-on-year
• Electronics Manufacturing Services revenue - Consistent year-on-year
• Total company revenue - Increase 5 percent year-on-year

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