Global Citizenship: Redefining Connection and Responsibility in Digital Transformation
The Marketing Minute: Strategic Short-form Content Builds Brand Momentum
SMT Perspectives and Prospects: Artificial Intelligence, Part 5: Brain, Mind, Intelligence
Jabil Posts Outstanding First Quarter
December 17, 2015 | JabilEstimated reading time: 1 minute
Today Jabil Circuit, Inc. reported preliminary, unaudited financial results for its first quarter of fiscal year 2016. The company reported first quarter net revenue of $5.2 billion, a 14 percent increase from the first quarter of fiscal year 2015.
"I am extremely pleased with our strong first quarter results which were driven by improved product diversification and exceptional productivity across both of our business segments," said Mark T. Mondello, Chief Executive Officer. "This record quarter illustrates the power of both our DMS and EMS businesses as highlighted by a 55 percent core EPS growth year-on-year. This is a great start to our fiscal year and Jabil remains well-positioned for a solid 2016," added Mondello.
U.S. generally accepted accounting principles (U.S. GAAP) operating income for the first quarter was $214.5 million and U.S. GAAP net diluted earnings per share was $0.68. Core operating income (as defined below) was $248.5 million and core diluted earnings per share (as defined below) was $0.85.
Jabil's two reporting segments delivered the following revenue results for the company's first fiscal quarter:
- Diversified Manufacturing Services: $2.5 billion
- Electronics Manufacturing Services: $2.7 billion
Business Outlook
"Our strategic investments continue to pay dividends as evidenced by our 24 percent core return on invested capital in the first quarter. I am also pleased that our outlook for the balance of the fiscal year remains on track, supported by our customized supply chain management and engineering solutions, both of which are increasingly important in this digital age," Mondello said.
Management reiterated fiscal year 2016 revenue outlook of approximately $20 billion and increased core diluted earnings per share outlook to approximately $2.65.
About Jabil
Jabil is an electronic product solutions company providing comprehensive electronics design, production and product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 28 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL".
Share on:
Suggested Items
Rocket Lab Onramped to Multi-Billion Dollar U.S. and U.K. Defense Contracts
04/15/2025 | BUSINESS WIRERocket Lab USA, Inc., a global leader in launch services and space systems, announced it has been selected to provide hypersonic test launch capability with its HASTE launch vehicle, engineering expertise, and other services through its participation in two multi-billion dollar government development programs for the United States and the United Kingdom.
GEN3 Opens State-of-the-Art Technical Centre for Customers and Industry Professionals
04/14/2025 | Gen3GEN3 is proud to announce the opening of the A.W Technical Centre. Named in honor of Arthur William Naisbitt—affectionately known as AW—the founder of Concoat (now GEN3) in 1969, the company has since spanned three generations. Today, AW's legacy continues with his son, Graham, and now Grandson, Andrew, at the helm of GEN3.
Kimball Electronics Shared Services Scores for the Dubois County Humane Society with Souper Bowl Fundraiser
04/11/2025 | Kimball ElectronicsEmployees at Kimball Electronics Shared Services (KESS) recently came together to make a meaningful impact for local animals in need through their annual Souper Bowl fundraiser.
IBM Acquires Hakkoda; Expanding Data Expertise to Fuel Clients' AI Transformations
04/11/2025 | IBMIBM announced it has acquired Hakkoda Inc., a leading global data and AI consultancy. Hakkoda will expand IBM Consulting's data transformation services portfolio, adding specialized data platform expertise to help clients get their data ready to fuel AI-powered business operations.
GEN3 Installs HATS²™ System with RAS Inc.’s Bob Neves, Launches Expanded Test Services at New Technical Centre
04/07/2025 | Gen3 SystemsIn a significant step toward advancing our testing capabilities, we are excited to announce the successful installation of the state-of-the-art HATS²™ (Highly Accelerated Thermal Shock) system at our brand-new Technical Centre in Hampshire, England.