-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueSolder Printing
In this issue, we turn a discerning eye to solder paste printing. As apertures shrink, and the requirement for multiple thicknesses of paste on the same board becomes more commonplace, consistently and accurately applying paste becomes ever more challenging.
A Culture of Thriving
One cannot simply command thriving; it must be nurtured, developed, and encouraged. In this issue, we explore strategies to improve your working relationship model—both internally and externally. In this culture of thriving, your business will grow in the process.
Certifications
Certifications have historically been seen as a cost of doing business, but how do we turn them into a positive ROI and a value to both customer and vendor?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Jabil Posts Outstanding First Quarter
December 17, 2015 | JabilEstimated reading time: 1 minute
![](https://iconnect007.com/application/files/3816/3116/2722/dollar_up_chart.jpg)
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".
Suggested Items
Curtiss-Wright Wins $26M Contract to Provide Aircraft Arresting Systems and Support to the Belgian Air Force
09/06/2024 | Curtiss-Wright CorporationCurtiss-Wright Corporation announced that it has been awarded a $26 million multi-year contract by the Belgian Air Force to implement a modernization program for its aircraft arresting systems.
Zero Defects International to Exhibit at Utah Expo and Tech Forum
09/04/2024 | Zero Defects InternationalZero Defects International [ZDI] has announced their participation as an exhibitor at the SMTA Utah Expo and Tech Forum. It will be held at the Salt Lake City Marriott University Park.
Marshall, Tech Mahindra to Explore Aerospace and Defense Collaboration
09/02/2024 | MarshallMarshall and Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises across industries, have signed a Memorandum of Understanding (MoU) to identify and develop opportunities to work together across the aerospace and defense domains.
Electronics Manufacturing Services Market to Grow by $164.6 Billion from 2024-2028
08/30/2024 | PRNewswireThe global electronics manufacturing service market size is estimated to grow by $164.6 billionn from 2024-2028, according to Technavio.
Bite Group Selects Nokia’s Packet Core to Drive 5G Evolution and to Simplify and Enhance Network Capacity
08/28/2024 | Globe NewswireBite Group has selected Nokia’s Packet Core appliance-based solution to drive the operator’s evolution toward advanced 5G services and to simplify its network architecture in Latvia and Lithuania, while increasing capacity and performance of the core network.