Jabil Posts Fourth Quarter and Fiscal Year 2021 Results


Reading time ( words)

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

Share

Print


Suggested Items

Emerging Engineers: Raviteja Boyana

04/01/2021 | Raviteja Boyana
Recent engineering graduate Raviteja Boyana discusses IPC's Emerging Engineer program and the IPC Education Foundation Scholarship, along with his mentorship with Gen3's Graham Naisbitt. Ravi has already found a job in the industry with Maxim Integrated.

Catching Up With Sean McConville, Niche Electronics

02/22/2021 | Dan Beaulieu, D.B. Management Group
Dan Beaulieu catches up with Sean McConville, vice president of business development at Niche Electronics, who shares his background in the industry, the strengths of his company, and how the pandemic has affected its business.

Meet Christine Davis, I-Connect007 Columnist

12/23/2020 | I-Connect007 Editorial Team
Meet Christine Davis, one of our newest columnists! Christine will share her expertise and lessons learned through her journey as one of the few women in the electronics industry to found and run her own company.



Copyright © 2021 I-Connect007. All rights reserved.