Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
Nolan's Notes: The Next Killer App in Component Manufacturing
Jabil Posts Fourth Quarter and Fiscal Year 2021 Results
October 1, 2021 | Jabil Inc.Estimated reading time: 1 minute
Jabil Inc., reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2021.
“I’m thrilled with the strong financial results we achieved in FY21,” said CEO Mark Mondello. “In a year where global supply chains were challenged, the results came in far ahead of our initial expectations for the year. The year was illustrative of both the power of our talented workforce and the adaptability of our large-scale diversified model, which serves such a broad range of end-markets today,” he added.
Fourth Quarter of Fiscal Year 2021 Highlights:
- Net revenue: $7.4 billion
- Diversified Manufacturing Services (DMS) year-on-year revenue growth: 10 percent
- Electronics Manufacturing Services (EMS) year-on-year revenue decrease: 6 percent
- U.S. GAAP operating income: $265 million
- U.S. GAAP diluted earnings per share: $1.16
- Core operating income (Non-GAAP): $314 million
- Core diluted earnings per share (Non-GAAP): $1.44
Fiscal Year 2021 Highlights:
- Net revenue: $29.3 billion
- Diversified Manufacturing Services (DMS) year-on-year revenue growth: 17 percent
- Electronics Manufacturing Services (EMS) year-on-year revenue decrease: 1 percent
- U.S. GAAP operating income: $1.1 billion
- U.S. GAAP diluted earnings per share: $4.58
- Core operating income (Non-GAAP): $1.2 billion
- Core diluted earnings per share (Non-GAAP): $5.61
“As we move ahead, the momentum within our business is expected to continue into FY22,” said CFO Mike Dastoor. “In a world where increasingly complex hardware needs to be built, Jabil is incredibly well-positioned to benefit from secular growth we’re experiencing across vehicle electrification, connected healthcare and infrastructure development, to name a few. These are indeed exciting times for Jabil!” he added.
First Quarter of Fiscal Year 2022 Outlook:
- Net revenue - $8.0 billion to $8.6 billion
- U.S. GAAP operating income - $321 million to $381 million
- U.S. GAAP diluted earnings per share - $1.41 to $1.61 per diluted share
- Core operating income (Non-GAAP) (1) - $365 million to $425 million
- Core diluted earnings per share (Non-GAAP) (1) - $1.70 to $1.90 per diluted share
- Diversified Manufacturing Services revenue - Increase 10 percent year-on-year
- Electronics Manufacturing Services revenue - Consistent year-on-year
- Total company revenue - Increase 5 percent year-on-year
Share on:
Suggested Items
Creative Electron Strengthens Leadership Team with Strategic Appointments in Marketing and SMT Business Unit
05/08/2025 | Creative ElectronCreative Electron, the largest U.S. manufacturer of X-ray inspection systems for the electronics industry, is proud to announce the addition of two seasoned leaders to its executive team: Wagner Lima as Marketing Director and Giancarlo De La Garza as SMT Business Unit Director.
LG Electronics India Limited Begins Construction of Its Third Manufacturing Plant in India
05/08/2025 | BUSINESS WIRELG Electronics India Ltd. (LGEIL) announced the commencement of construction of its new manufacturing facility in Sri City, Andhra Pradesh today at a ceremony graced by the presence of Shri Nara Lokesh, Hon'ble Minister for Information Technology, Electronics and Communications.
Scanfil Boosts Investment in Electronics Manufacturing in the US
05/08/2025 | BUSINESS WIREScanfil is investing in a second electronics manufacturing line in Atlanta, Georgia, USA. The demand for manufacturing electronics in the USA has increased over the past two years and is expected to continue growing.
IPC Strengthens Global Focus with Promotion of Sanjay Huprikar to Chief Global Officer
05/08/2025 | IPCIPC, the global electronics association, announces the promotion of Sanjay Huprikar to chief global officer. This newly created position reflects the association’s forward-looking strategy and industry needs to strengthen the electronics supply chain.
IPC White Paper Maps the Regulatory Terrain for Electronics Suppliers in E-Mobility Sector
05/07/2025 | IPCElectronics suppliers supporting the rapidly growing e-mobility sector are facing a dramatic escalation in environmental and social governance (ESG) compliance expectations. A new white paper from IPC’s e-Mobility Quality and Reliability Advisory Group provides a comprehensive overview of the evolving regulatory landscape and outlines the data infrastructure needed to stay ahead.