The Knowledge Base: The Era of Advanced Packaging
Standard of Excellence: Finding and Developing Future Leaders in Manufacturing
Global Sourcing Spotlight: Navigating the Variables of Holiday Schedules in Global Sourcing
Jabil Posts Record First Quarter Results
December 24, 2018 | Jabil Circuit Inc.Estimated reading time: Less than a minute
Jabil Inc. has reported its preliminary, unaudited financial results for its first quarter of fiscal year 2019. Net revenue was $6.5 billion; U.S. GAAP operating income was $216.7 million; and core operating income (Non-GAAP) was $253.7 million.
Jabil's Diversified Manufacturing Services (DMS) segment posted a 10% year-on-year revenue growth, while the Electronics Manufacturing Services (EMS) division achieved a year-on-year revenue growth of 22%.
"I'm extremely pleased with our outstanding first quarter results. The team continued to ramp challenging new programs in targeted markets and achieved double-digit growth through excellent operational execution,” said CEO Mark Mondello. "These strong results reflect record revenue, operating income and core EPS. The exceptional performance is proof that our diversification strategy is working and delivering predictable returns. We expect this positive momentum to continue into our second quarter driven by strength in end-markets like automotive, cloud, healthcare and 5G wireless. I'm also pleased that the outlook for fiscal 2019 remains consistent as we deliver value for shareholders through strong earnings growth and year-over-year increasing cash flows."
Share on:
Suggested Items
Nordson Corporation Reports Fourth Quarter and Fiscal Year 2024 Results
12/12/2024 | Nordson CorporationNordson Corporation today reported results for the fiscal fourth quarter ended October 31, 2024. Sales were $744 million, a 4% increase compared to the prior year’s fourth quarter sales of $719 million. The increase in fourth quarter 2024 sales included the favorable 6% impact of acquisitions and favorable currency translation of 1%, offset by an organic sales decrease of 3%.
China Captures 61% of Global EV Traction Inverter Installation Volume in 3Q24, Europe Pushes Reforms to Rebound
12/10/2024 | TrendForceTrendForce’s latest findings show that global shipments of EV traction inverters reached 6.87 million units in the third quarter of 2024, representing a 7% QoQ increase, though the growth rate has slowed compared to the same period last year.
PC Graphics Add-in Board Shipments Down in 3Q24
12/10/2024 | Jon Peddie ResearchAccording to a new research report from the analyst firm Jon Peddie Research, the growth of the global PC-based graphics add-in board market reached 8.1 million units in Q3'24 and desktop PC CPU shipments increased to 20.1 million units.
Sales Season and Flagship Launches Drive 3Q24 Smartphone Production Up 7%
12/09/2024 | TrendForceTrendForce’s latest research finds that 3Q24 coincided with the peak season for smartphone sales. The launch of flagship models by major brands propelled global smartphone production to a QoQ increase of 7%, reaching approximately 310 million units and matching figures from the same period last year.
Advanced Processes and Chinese Policies Drive 3Q24 Global Top 10 Foundry Revenue to Record Highs
12/06/2024 | TrendForceAccording to TrendForce’s latest report, while the overall economic situation did not significantly improve in the third quarter of 2024, factors such as supply chain stocking driven by new smartphone and PC/notebook launches in the second half of the year, coupled with continued strong demand for AI server-related HPC, led to an improvement in overall wafer foundry capacity utilization compared to the second quarter.