Jabil Posts First Quarter Results

Reading time ( words)

Jabil Inc., reported preliminary, unaudited financial results for its first quarter of fiscal year 2022.

“Our momentum continues, and I’m thrilled with our teams’ strong performance in Q1,” said Chairman and CEO Mark Mondello. “During the quarter, our financial results were supported by growth in key end-markets and successful management of a very dynamic supply chain environment. Our performance is illustrative of both the power of our talented workforce and the resiliency of our large-scale diversified model, which serves a broad range of end-markets today,” he added.

First Quarter of Fiscal Year 2022 Highlights: 

  • Net revenue: $8.6 billion
  • Diversified Manufacturing Services (DMS) year-on-year revenue growth: 11 percent
  • Electronics Manufacturing Services (EMS) year-on-year revenue growth: 7 percent
  • U.S. GAAP operating income: $350 million
  • U.S. GAAP diluted earnings per share: $1.63
  • Core operating income (Non-GAAP): $400 million
  • Core diluted earnings per share (Non-GAAP): $1.92

Second Quarter of Fiscal Year 2022 Outlook:

  • Net revenue: $7.1 billion to $7.7 billion
  • U.S. GAAP operating income: $266 million to $326 million    
  • U.S. GAAP diluted earnings per share: $1.19 to $1.39 per diluted share
  • Core operating income (Non-GAAP): $290 million to $350 million
  • Core diluted earnings per share (Non-GAAP): $1.35 to $1.55 per diluted share 

Fiscal Year 2022 Updated Outlook:

“Our commercial portfolio has been constructed to deliver reliable margins and strong free cash flows, and what we're doing is working,” continued Mondello. “Given our strong start to the year, combined with our improved forecast, we now expect FY22 revenue will be $31.8 billion, while core EPS will increase to $6.55, up 20 cents from our outlook in September," added Mondello.


Suggested Items

SMTA Additive TechXchange Keynote: An Outlook on Advanced PCB Fab

10/20/2020 | Pete Starkey, I-Connect007
Organised as a virtual event by Lenora Clark of ESI Automotive and Tara Dunn of Omni PCB, SMTA’s Additive TechXchange addressed additive technology specifically in the context of the electronics industry. Pete Starkey details the keynote presentation, an outlook on advanced printed circuit board fabrication, from Jeff Doubrava, managing partner at Prismark Partners.

This Month in SMT007 Magazine: Indium Metal Forecast—Supply Chain Strong, Demand Continues to Grow

05/05/2020 | Donna Vareha-Walsh, Indium
Indium is a critical metal for the indium-tin oxide (ITO) market and other coating applications. Donna Vareha Walsh—director of sales and global supply chain and trade compliance at Indium Corporation—describes the plentiful global supply of indium and its recycling loop, examines indium’s history of price volatility and the market reactions from the recent Fanya Metal Exchange auction, and provides an overview of indium supply and demand drivers, as well as the impact of recycling efforts.

RTW IPC APEX EXPO 2019: ASM Updates Mid-Level Machines

02/06/2019 | Real Time with...IPC
ASM CEO Americas Jeffery L. Timms and Technica President and CEO Frank Medina give Nolan Johnson a product update on ASM's mid-speed machines—EbySIPLACE and EbyDEK. By bringing key features from ASM's high-end products to their new mid-level models, ASM's new machines are gaining attention Timms and Medina discuss the how and why.

Copyright © 2022 I-Connect007. All rights reserved.