Jabil Posts Revenue of $4.4B in Fiscal 3Q15, Up 15%

Reading time ( words)

Jabil Circuit, Inc., reported preliminary, unaudited financial results for its third quarter of fiscal year 2015. The company reported third quarter net revenue of $4.4 billion, a 15 percent increase from the third quarter of fiscal year 2014.

"We continue to make great progress as we further diversify our business, and our fiscal third quarter is another good indication that we're executing against our growth strategy. During the quarter, our Electronics Manufacturing Services segment delivered strong operating performance, while our Diversified Manufacturing Services segment increased revenue by 41 percent year over year," said Mark T. Mondello, Chief Executive Officer. "I'm pleased with our performance year to date and I believe we're well-positioned and poised to capture further growth in fiscal 2016," he added.

U.S. generally accepted accounting principles (U.S. GAAP) operating income for the third quarter was $135.4 million and U.S. GAAP net diluted earnings per share was $0.37. Core operating income (as defined below) was $160.5 million and core diluted earnings per share (as defined below) was $0.49.

Jabil's two reporting segments delivered the following revenue results for the company's third fiscal quarter:

  • Electronics Manufacturing Services: $2.8 billion.
  • Diversified Manufacturing Services: $1.6 billion.

Business Update

"We're on track to deliver approximately 13 percent revenue growth and $2.00 in core earnings per share for this fiscal year, all while continuing to invest for future growth - quite an accomplishment when one considers the current macro environment," Mondello said. Management updated its fiscal year 2015 revenue outlook of $17.7 billion - $17.9 billion and core earnings per share of $1.95 - $2.05.

About Jabil

Jabil is an electronic product solutions company providing comprehensive electronics design and manufacturing product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 25 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". Further information is available on Jabil's website: jabil.com.


Suggested Items

Catching Up With ExcelTech’s Matt Redhead

08/31/2022 | Dan Beaulieu, D.B. Management Group
This is a story of hope for the future of our industry. Matt Redhead is a young entrepreneur who started his career in customer service and sales, but always had his sights set on owning a business. Recently, he achieved his dream by becoming the fourth owner of a 46-year-old contract manufacturing business just outside of Portland, Oregon. For those of you who worry about the younger folks joining our ranks, this interview will renew your faith.

Preparing the Next-gen Tech Workforce

05/18/2022 | Marc Carter, Independent Contributor
Knowledge transfer, especially from the “graying-out” experienced technical workers in our industry, is a complex, difficult family of problems. It differs wildly between companies, and even within divisions of the same company. One of the biggest barriers is the full manufacturing schedules in North American electronics companies that don’t leave any slack time—and the 40-hour work week is a complete fantasy for many.

Are Your Existing Machines Enough to Keep Up?

05/04/2022 | Jennifer Davis, Arch Systems
Buy new or make do? It’s an age-old debate for manufacturers who are trying to decide how best to manage machine assets inside their manufacturing facilities. New machines are expensive, but so is operating existing machines at a comparative deficit.

Copyright © 2022 I-Connect007. All rights reserved.