Jabil Posts Strong First Quarter Results

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Jabil Inc., reported preliminary, unaudited financial results for its first quarter of fiscal year 2025.

First Quarter of Fiscal Year 2025 Highlights:

• Net revenue: $7.0 billion
• U.S. GAAP operating income: $197 million
• U.S. GAAP diluted earnings per share: $0.88
• Core operating income (Non-GAAP): $347 million
• Core diluted earnings per share (Non-GAAP): $2.00

“I am very pleased with our first fiscal quarter results, which came in stronger than we anticipated driven by incremental strength in our Cloud, Data Center Infrastructure, and Digital Commerce end-markets. As a result, the team was able to deliver strong Core EPS and cash flow generation during the quarter,” said CEO Mike Dastoor. “We now anticipate approximately $27.3 billion in net revenue, with core operating margins of 5.4%. Core earnings per share now are expected to be $8.75. Importantly, for the year we continue to foresee robust adjusted free cash flow generation of $1.2 billion,” he concluded.

Second Quarter of Fiscal Year 2025 Outlook:

Net revenue: $6.1 billion to $6.7 billion
U.S. GAAP operating income: $183 million to $263 million
U.S. GAAP diluted earnings per share: $0.69 to $1.27 per diluted share
Core operating income (Non-GAAP) (1): $286 million to $346 million
Core diluted earnings per share (Non-GAAP) (1): $1.60 to $2.00 per diluted share

Core operating income and core diluted earnings per share exclude anticipated adjustments of $13 million for amortization of intangibles (or $0.11 per diluted share) and $20 million for stock-based compensation expense and related charges (or $0.18 per diluted share) and $70 million to $50 million (or $0.62 to $0.44 per diluted share) for restructuring, severance and related charges.
Fiscal Year 2025 Outlook: 

Net revenue: $27.3 billion
Core operating margin (Non-GAAP): 5.4%
Core diluted earnings per share (Non-GAAP): $8.75 per diluted share

Adjusted Free Cash Flow (Non-GAAP): $1.2 billion