Jabil Posts Revenue of $4.4B in Fiscal 3Q15, Up 15%


Reading time ( words)

Jabil Circuit, Inc., reported preliminary, unaudited financial results for its third quarter of fiscal year 2015. The company reported third quarter net revenue of $4.4 billion, a 15 percent increase from the third quarter of fiscal year 2014.

"We continue to make great progress as we further diversify our business, and our fiscal third quarter is another good indication that we're executing against our growth strategy. During the quarter, our Electronics Manufacturing Services segment delivered strong operating performance, while our Diversified Manufacturing Services segment increased revenue by 41 percent year over year," said Mark T. Mondello, Chief Executive Officer. "I'm pleased with our performance year to date and I believe we're well-positioned and poised to capture further growth in fiscal 2016," he added.

U.S. generally accepted accounting principles (U.S. GAAP) operating income for the third quarter was $135.4 million and U.S. GAAP net diluted earnings per share was $0.37. Core operating income (as defined below) was $160.5 million and core diluted earnings per share (as defined below) was $0.49.

Jabil's two reporting segments delivered the following revenue results for the company's third fiscal quarter:

  • Electronics Manufacturing Services: $2.8 billion.
  • Diversified Manufacturing Services: $1.6 billion.

Business Update

"We're on track to deliver approximately 13 percent revenue growth and $2.00 in core earnings per share for this fiscal year, all while continuing to invest for future growth - quite an accomplishment when one considers the current macro environment," Mondello said. Management updated its fiscal year 2015 revenue outlook of $17.7 billion - $17.9 billion and core earnings per share of $1.95 - $2.05.

About Jabil

Jabil is an electronic product solutions company providing comprehensive electronics design and manufacturing product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 25 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". Further information is available on Jabil's website: jabil.com.

Share

Print


Suggested Items

Seven Key Steps to Selecting a New EMS Partner

08/14/2019 | Neil Sharp, JJS Manufacturing
Choosing to outsource your electronics manufacturing to an EMS provider requires careful planning and consideration. And even once you’ve made your decision, there may still be things that test you or that don’t go quite to plan. An experienced EMS partner has been there before; they understand the challenges, and they’ll be able to support you through the process to ensure you achieve your goals.

Which Matters Most: Unit Cost or Total Cost of Supply?

08/09/2019 | Neil Sharp, JJS Manufacturing
The primary objective for any OEM is to design, manufacture, and deliver high-quality products in the most cost-effective way possible. When demand patterns change, or there is an increase in competition, it can be easy to rely on the calculation of unit cost to relieve the price pressure. But, as many manufacturers are discovering, choosing to base their outsourcing decisions purely on unit cost may not always reap the expected benefits in the long term.

How Do I Get Smart With IPC CFX? (Part 2)

07/31/2019 | Michael Ford, Aegis Software Corp.
The introduction of the CFX standard is the critical trigger that enables smart, flexible factory operation in line with business needs. The technology is simple to adopt, which creates a true “plug-and-play” environment on which advanced production AI software technologies can be developed.



Copyright © 2019 I-Connect007. All rights reserved.