Jabil Posts 3Q FY2017 Net Revenue of $4.5B

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Jabil Inc. has reported preliminary, unaudited financial results for its third quarter of fiscal year 2017, including third quarter net revenue of $4.5 billion.

For the third quarter of fiscal year 2017, U.S. GAAP operating income was $43.4 million and diluted loss per share was $(0.14). Core operating income (Non-U.S. GAAP) was $113.8 million and core diluted earnings per share was $0.31.

"I'm pleased with our third quarter results as both business segments performed quite well," said CEO Mark Mondello. "In Diversified Manufacturing Services, the team delivered exceptional execution and cost controls against product road maps exhibiting massive scale and complexity, while we continued to see strong double-digit growth in healthcare and packaging. At the same time, our Electronics Manufacturing Services team continues to do an excellent job building broad revenue diversification, while developing end-market domain expertise, resulting in solid margin expansion.

"Near-term, we expect to deliver the best fourth quarter in the company's history in terms of core operating income. Beyond that, our forecast suggests the growth in both DMS and EMS in fiscal 2018 will result in core EPS in the neighborhood of $2.60. We remain committed to complete our two-year capital return framework plan, achieve $3.00 per share in core EPS in fiscal 2019, and ultimately become the world's most technologically advanced manufacturing solutions company."

About Jabil

Jabil Inc. (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 at jabil.com.