Standard of Excellence: Anticipating Customer Needs Early and Often
The Knowledge Base: At the Forefront of Electronics Manufacturing
Global Citizenship: Training the Next Generation of Talent
Jabil Posts 1Q FY2017 Net Revenue of $5.1B
December 16, 2016 | Jabil Circuit Inc.Estimated reading time: 1 minute
Jabil Circuit Inc. has reported preliminary, unaudited financial results for its first quarter of fiscal year 2017, including first quarter net revenue of $5.1 billion.
For the first quarter of fiscal year 2017, U.S. GAAP operating income was $165.6 million and U.S. GAAP net diluted earnings per share was $0.47. Core operating income (Non-U.S. GAAP) was $209.5 million and core diluted earnings per share (Non-U.S. GAAP) was $0.69.
"I'm really pleased with our strong first quarter results," said CEO Mark Mondello. "In particular, we saw strength in our healthcare, packaging and consumer lifestyles businesses within our DMS segment, combined with yet another solid quarter of execution from our EMS segment, allowing us to deliver excellent results."
Fiscal Year 2017 Second Quarter Guidance:
- Net revenue: $4.2 billion to $4.5 billion
- U.S. GAAP operating income: $39 million to $101 million
- U.S. GAAP net diluted (loss) earnings per share: $(0.18) to $0.18 per diluted share
- Core operating income (Non-U.S. GAAP): $125 million to $165 million
- Core diluted earnings per share (Non-U.S. GAAP): $0.35 to $0.57 per diluted share
- Diversified Manufacturing Services: Decrease revenue 2 percent year-on-year
- Electronics Manufacturing Services: Consistent revenue year-on-year
- Total company: Decrease revenue 1 percent year-on-year
"Looking ahead, we'll remain focused on our multi-year financial objectives and longer-term enterprise goals, while following through on our commitment to return capital to shareholders, as previously communicated under our two-year capital allocation framework," added Mondello.
About Jabil
Jabil (NYSE: JBL) is a product solutions company providing comprehensive electronics design, production and product management services. 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. Further information is available on Jabil's website.
Share on:
Suggested Items
Jabil Posts Second Quarter Results; Raises Fiscal 2025 Outlook
03/21/2025 | Jabil“I am very pleased with our strong year-to-date results, which underscore the resilience and strength of our diversified portfolio. In Q2, we exceeded our expectations due to continued strength in our capital equipment, cloud and data center infrastructure, and digital commerce end-markets,” said CEO Mike Dastoor. “
Michael J. Loparco Joins Sanmina's Board of Directors
03/14/2025 | PRNewswireSanmina Corporation, a leading integrated manufacturing solutions company, today announced the appointment of Michael J. Loparco to the Company's Board of Directors, effective March 10, 2025.
Jabil Announces Expansion into Gujarat
03/06/2025 | JabilJabil Inc., a global leader in engineering, supply chain, and manufacturing solutions, announced that it will open a new factory in Gujarat, its second in the country.
Jabil Reduces Greenhouse Gas Emissions by Nearly Half Compared to Baseline, Releases Fiscal Year 2024 Sustainability Progress Report
03/04/2025 | JabilJabil Inc. has released its fiscal year 2024 Sustainability Progress Report, detailing the strides the company has made toward achieving its five-year sustainability goals.
Apptronik, Jabil Collaborate to Scale Production of Apollo Humanoid Robots and Deploy in Manufacturing Operations
02/28/2025 | JabilApptronik, the AI-powered humanoid robotics company, and Jabil, a global leader in engineering, manufacturing, and supply chain solutions, have announced a pilot and strategic collaboration to build Apollo humanoid robots and integrate them into specific Jabil manufacturing operations.