Knocking Down the Bone Pile: Revamp Your Components with BGA Reballing
Global Sourcing Spotlight: Balancing Speed and Flexibility Without Sacrificing Control
SMT Perspectives & Prospects: Artificial Intelligence Part 6: Data Module 1
Jabil Posts FY 2016 Net Revenue of $18.4B
September 22, 2016 | Jabil Circuit Inc.Estimated reading time: 1 minute
Jabil Circuit Inc. has reported preliminary, unaudited financial results for its fourth quarter and full fiscal year, ended August 31, 2016, including fourth quarter net revenue of $4.4 billion and record fiscal year net revenue of $18.4 billion.
For the fourth quarter of fiscal year 2016, U.S. GAAP operating income was $93.8 million and U.S. GAAP net diluted earnings per share was $0.20. For fiscal year 2016, U.S. GAAP operating income was $522.8 million and U.S. GAAP net diluted earnings per share was $1.32.
For the fourth quarter of fiscal year 2016, core operating income was $108.3 million and core diluted earnings per share was $0.28. For fiscal year 2016, core operating income was $630.3 million and core diluted earnings per share was $1.86.
“Our fiscal 2016 was characterized by a blend of exceptional performance, significant variability, excellent cost control and wonderful customer care,” said CEO Mark Mondello. “I couldn't be more pleased with our team in terms of effort and commitment, as they did a brilliant job of controlling what they could control during the year.
“In fiscal 2017, we’ll continue to deliver upon our recently communicated capital return framework, ensure our global operations are efficiently managed to support our customers and continue to aggressively grow key areas of our business.”
(U.S. GAAP net diluted earnings per share for the first quarter of fiscal year 2017 are currently estimated to include $0.04 per share for amortization of intangibles, $0.13 per share for stock-based compensation expense and related charges and$0.32 to $0.21 per share for restructuring and related charges.)
Restructuring Alignment Plan
In addition, Jabil announced its intention to realign the company's global capacity and administrative support infrastructure in order to optimize organizational effectiveness in a more moderate growth environment. The company estimates that the realignment shall result in approximately $195 million in total charges over a two-year period.
It is currently estimated that $120 million to $150 million will be recorded in fiscal year 2017 and the balance during fiscal year 2018. Jabil estimates that the cash component of these actions is $50 million, of which $25 million will be incurred in fiscal year 2017.
Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
Jabil Announces Board Transitions
10/17/2025 | JabilJabil Inc. announced that Executive Chairman of the Board of Directors Mark T. Mondello and Directors Kathleen A. Walters and Jamie Siminoff will not seek re-election at Jabil’s Annual Meeting of Stockholders in January 2026.
Jabil Posts Q4 and Fiscal Year 2025 Results
10/01/2025 | JabilJabil Inc., reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2025.
Arch, Jabil Build on Past Success and Expand Strategic Collaboration
06/17/2025 | Arch SystemsArch Systems, a leader in manufacturing data and AI solutions, announced an expanded and unique strategic collaboration with Jabil Inc., a leading engineering, supply chain, and manufacturing solutions provider.
Jabil Announces Planned Multi-Year $500 Million Investment in U.S. Manufacturing for Cloud and AI Data Center Infrastructure
06/17/2025 | JabilJabil Inc., a global leader in engineering, supply chain, and manufacturing solutions, announced it intends to invest approximately $500 million over the next several years to expand its footprint in the Southeast United States to support cloud and AI data center infrastructure customers.
Jabil, AVL Collaborate on Design and Manufacturing Solutions for Automotive and Transportation Customers
05/21/2025 | BUSINESS WIREJabil Inc., a global manufacturing solutions provider to market-leading automakers, announced it has signed a memorandum of understanding (MOU) with AVL Software and Functions GmbH, the e-drive and software center of AVL List GmbH.