-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueIPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
The Cost of Rework
In this issue, we investigate rework's current state of the art. What are the root causes and how are they resolved? What is the financial impact of rework, and is it possible to eliminate it entirely without sacrificing your yields?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Jabil Posts Third Quarter Results
June 19, 2019 | Jabil Circuit Inc.Estimated reading time: 1 minute
Jabil Inc. reported preliminary, unaudited financial results for its third quarter of fiscal year 2019.
Third Quarter of Fiscal Year 2019 Highlights:
- Net revenue: $6.1 billion
- Diversified manufacturing services (DMS) year-on-year revenue decrease: 6%
- Electronics manufacturing services (EMS) year-on-year revenue growth: 26%
- U.S. GAAP operating income: $140.9 million
- U.S. GAAP diluted earnings per share: $0.28
- Core operating income (Non-GAAP): $185.8 million
- Core diluted earnings per share (Non-GAAP): $0.57
“I’m extremely pleased with our third quarter performance, highlighted by solid operational excellence and strong financial results. The team delivered 20 basis points of core margin expansion on double-digit revenue growth, culminating in an impressive 24% core EPS growth, year-over-year,” said CEO Mark Mondello. “Our strong year-to-date results validate that our diversification strategy has firmly taken hold,” he added.
Healthcare Business Update:
During the third fiscal quarter, Jabil successfully transitioned additional sites from Johnson & Johnson Medical Devices Companies (JJMDC) as part of the previously announced strategic collaboration between the companies.
“Our overall healthcare business achieved another important step during the third quarter with the acquisition of three new sites, located in Brandywine, Elmira and Monument,” said Mondello. “I’d like to welcome our new employees at these outstanding healthcare facilities, which further expand our talent and capabilities in this area of our business,” he added.
General Business Update:
“In the fourth quarter, our outlook for revenue, core EPS and cash flow is solid as we see robust demand in 5G / wireless, cloud, industrial, healthcare and packaging,” said Mondello. “Over the longer-term, we remain relentless in our commitment to drive margin expansion and strong cash flows through a well-balanced, diverse stream of income,” he added.
About Jabil
Jabil is a product solutions company providing comprehensive design, manufacturing, supply chain and product management services. Operating from over 100 facilities in 29 countries, Jabil delivers innovative, integrated and tailored solutions to customers across a broad range of industries. For more information, visit jabil.com.
Suggested Items
Murata Selected as a Clarivate Top 100 Global Innovator for 3rd Year in a Row
03/29/2024 | Murata Manufacturing Co., Ltd.Murata Manufacturing Co., Ltd. was selected as one of the Clarivate Top 100 Global Innovators 2024 by Clarivate Analytics in March 2024. This is the third consecutive year that Murata has received this recognition.
The New Chapter: Attracting ‘Generation Green’
03/28/2024 | Hannah Grace & Paige Fiet -- Column: The New ChapterIn the electronics industry, we talk a lot about sustainability in terms of recruitment and retention of the next generation of engineers. But what if the key to sustaining the industry long into the future is through the more common definition of the word? What if, for just a moment, we think about sustainability in terms of the environment and what we as an industry are doing to care for it? Because, if you weren’t aware, Gen Z cares tremendously about the environment and the actions companies are taking to preserve it. Without Gen Z joining the electronics industry’s workforce, we won’t be able to sustain the industry for much longer.
IDC: Half of Asia’s Top Firms to Embrace AI-Driven Headless BI and Analytics by 2026
03/27/2024 | IDCA recent IDC FutureScape report, IDC FutureScape: Worldwide Data and Analytics 2024 Predictions — Asia/Pacific (Excluding Japan) Implications, highlights that by 2026, 50% of Asia/Pacific-based Top 2000 organizations (A2000) will adopt AI-driven headless BI and analytics with chat, Q&A, and proactive notification functionality, quadrupling the number of users with access to contextual information.
American Standard Circuits Global Sourcing Division Opens Warehouse in West Chicago
03/26/2024 | American Standard CircuitsBob Duke, president of American Standard Circuits' Global Sourcing Division, announces the opening of a new 12,000-square-foot warehouse in West Chicago.
SEMI 3D & Systems Summit To Spotlight Trends In Hybrid Bonding, Chiplet Design And Environmental Sustainability
03/26/2024 | SEMILeading experts in 3D integration and systems for semiconductor manufacturing applications will gather at the annual SEMI 3D & Systems Summit, 12-14 June, 2024,