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Jabil Inc., reported preliminary, unaudited financial results for its third quarter of fiscal year 2022.
“The effectiveness of our business model was on display during Q3, as the team delivered strong revenue and earnings results,” said Chairman and CEO Mark Mondello. “Our diversified approach has been designed to be flexible and resilient as we aim to deliver for both our customers and stakeholders. During the quarter, I believe the team did an outstanding job rising to the challenge,” he added.
Third Quarter of Fiscal Year 2022 Highlights:
- Net revenue: $8.3 billion
- Diversified Manufacturing Services (DMS) year-on-year revenue growth: 7 percent
- Electronics Manufacturing Services (EMS) year-on-year revenue growth: 23 percent
- U.S. GAAP operating income: $321 million
- U.S. GAAP diluted earnings per share: $1.52
- Core operating income (Non-GAAP): $352 million
- Core diluted earnings per share (Non-GAAP): $1.72
Marc Carter, Independent Contributor
Knowledge transfer, especially from the “graying-out” experienced technical workers in our industry, is a complex, difficult family of problems. It differs wildly between companies, and even within divisions of the same company. One of the biggest barriers is the full manufacturing schedules in North American electronics companies that don’t leave any slack time—and the 40-hour work week is a complete fantasy for many.
Jennifer Davis, Arch Systems
Buy new or make do? It’s an age-old debate for manufacturers who are trying to decide how best to manage machine assets inside their manufacturing facilities. New machines are expensive, but so is operating existing machines at a comparative deficit.
Duane Benson, Screaming Circuits
It’s easy to frame all our supply chain woes around the COVID-19 pandemic. However, at Screaming Circuits, we started receiving dire warnings about component shortages in early 2018. At that time, we were told that the supply upheaval could last years and that we should expect it to get much worse before it got better. Now, four years later, I would say those warnings nailed it.