Reading time ( words)
Today Jabil Circuit, Inc. reported preliminary, unaudited financial results for its second quarter of fiscal year 2016, including second quarter net revenue of $4.4 billion reflecting a two percent revenue increase over fiscal 2015.
"I'm pleased to report second quarter results that were largely in line with our guidance and expectations," said CEO Mark Mondello. "The performance of our EMS segment was outstanding and above expectations, while our DMS segment grew modestly as we faced a slight downturn in product demand late in our fiscal quarter specific to our mobility business," he added.
U.S. GAAP (as defined below) operating income for the second quarter was $154.9 million and U.S. GAAP net diluted earnings per share was $0.41. Core operating income (as defined below) was $186.3 million and core diluted earnings per share (as defined below) was $0.57.
Jabil's two reporting segments delivered the following revenue results for the company's second fiscal quarter:
- Diversified Manufacturing Services: $1.7 billion.
- Electronics Manufacturing Services: $2.7 billion.
"Our updated outlook for the third quarter reflects reduced demand in mobility," said CEO Mark Mondello. "The strength in our EMS business further illustrates the positive impact of our portfolio strategy. A strategy well grounded in diverse income streams," he added.
Jabil is a product solutions company providing comprehensive electronics design, production and product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 28 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL".