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Jabil Posts Third Quarter Results
June 21, 2024 | JabilEstimated reading time: Less than a minute
Jabil Inc., reported preliminary, unaudited financial results for its third quarter of fiscal year 2024.
“It's clear that Jabil has navigated a period of significant transformation this fiscal year: a year in which we divested our Mobility business, captured growth in the AI datacenter space, and experienced softness across multiple end-markets,” said CEO Mike Dastoor. “Despite these moving pieces, we remain on track to deliver 5.6% in core margins and $8.40 of core diluted EPS in FY24, while generating more than $1 billion in adjusted free cash flow. At the same time, we’ve been working towards our commitment to repurchase $2.5 billion of our shares. And importantly, in the mid-to-longer-term we remain well-positioned to benefit from many of the world’s powerful trends in areas like datacenter power and cooling, electric and hybrid vehicles, healthcare and pharma solutions, semi-cap equipment, and automated warehousing to name a few,” he concluded.
Third Quarter of Fiscal Year 2024 Highlights:
- Net revenue: $6.8 billion
- U.S. GAAP operating income: $261 million
- U.S. GAAP diluted earnings per share: $1.06
- Core operating income (Non-GAAP): $350 million
- Core diluted earnings per share (Non-GAAP): $1.89
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