Standard of Excellence: Delivering Excellence—A Daily Goal
Knocking Down the Bone Pile: Tin Whisker Mitigation in Aerospace Applications, Part 3
The Knowledge Base: Building the Workforce of Tomorrow With EMAC
Jabil Posts Q2; Raises Outlook for Fiscal Year
March 17, 2021 | Jabil Inc.Estimated reading time: 1 minute
Jabil Inc. reported preliminary, unaudited financial results for its second quarter of fiscal year 2021.
“Our second quarter performance was outstanding,” said CEO Mark Mondello. “The combination of broad end-market strength, more favorable product mix, and excellent operational execution by the team allowed us to deliver $285 million in core operating income on revenue of $6.8 billion,” he added.
Second Quarter of Fiscal Year 2021 Highlights:
- Net revenue: $6.8 billion
- Diversified Manufacturing Services (DMS) year-on-year revenue growth: 26 percent
- Electronics Manufacturing Services (EMS) year-on-year revenue decrease: 1 percent
- U.S. GAAP operating income: $236.4 million
- U.S. GAAP diluted earnings per share: $0.99
- Core operating income (Non-GAAP): $284.6 million
- Core diluted earnings per share (Non-GAAP): $1.27
Third Quarter of Fiscal Year 2021 Outlook:
- Net revenue: $6.6 billion to $7.2 billion
- U.S. GAAP operating income: $188 million to $238 million
- U.S. GAAP diluted earnings per share: $0.69 to $0.89 per diluted share
- Core operating income (Non-GAAP): $220 million to $270 million
- Core diluted earnings per share (Non-GAAP): $0.90 to $1.10 per diluted share
- Total company revenue: Increase 9 percent year-on-year
Fiscal Year 2021 Updated Outlook:
“I’m extremely confident in our plan moving forward, which is supported by both strong secular tailwinds and accelerated momentum in many of the end-markets we serve. As a result, we are raising our financial outlook for the balance of the year. We now expect FY21 to deliver revenue in the range of $28.5 billion and core EPS of approximately $5,” added Mondello.
Non-GAAP: Core operating income and core diluted earnings per share exclude anticipated adjustments of $12.0 million for amortization of intangibles (or $0.08 per diluted share), $17.0 million for stock-based compensation expense and related charges (or $0.11 per diluted share) and $3.0 million for restructuring, severance and related charges (or $0.02 per diluted share).
Share on:
Suggested Items
Tariff Effects and China Subsidies Soften 1Q25 Downturn; Foundry Revenue Decline Narrows to 5.4%
06/09/2025 | TrendForceTrendForce’s latest investigations find that the global foundry industry recorded 1Q25 revenue of US$36.4 billion—a 5.4% QoQ decline. The downturn was softened by last-minute rush orders from clients ahead of the U.S. reciprocal tariff exemption deadline, as well as continued momentum from China’s 2024 consumer subsidy program.
Nordson Reports Q2 Fiscal 2025 Results and Q3 Guidance
05/30/2025 | BUSINESS WIRENordson Corporation reported results for the fiscal second quarter ended April 30, 2025. Sales were $683 million compared to the prior year’s second quarter sales of $651 million.
Rocket Lab Enters Payload Market with Agreement to Acquire Geost
05/28/2025 | BUSINESS WIRERocket Lab Corporation, a global leader in launch services and space systems, today announced the signing of a definitive agreement to acquire the parent holding company of Geost, LLC (Geost).
Global NEV Sales Top 4 Million in 1Q25; BYD Remains Dual Leader, Xiaomi Enters Top 10 in BEV Segment
05/21/2025 | TrendForceTrendForce’s latest reports reveal that global NEV sales—including BEVs, PHEVs, and FCEVs—reached 4.02 million units in the first quarter of 2025, marking a 39% YoY increase. NEVs accounted for 18.4% of total global auto sales for the quarter.
Geospace Unveils New Brand Identity Reflecting the Company’s Move into Diverse Markets
05/20/2025 | BUSINESS WIREGeospace Technologies Corporation announces a new brand identity, reflecting the company's transformation of its leadership and culture along with a redefined strategy focused on applied intelligent technology.