12.20.21
Jabil Inc. reported preliminary, unaudited financial results for its first quarter of fiscal year 2022.
“Our momentum continues, and I’m thrilled with our teams’ strong performance in Q1,” said Jabil chairman and CEO Mark Mondello. “During the quarter, our financial results were supported by growth in key end-markets and successful management of a very dynamic supply chain environment. Our performance is illustrative of both the power of our tal-ented workforce and the resiliency of our large-scale diversified model, which serves a broad range of end-markets today,” he added.
Net revenue of 1Q of fiscal year was $8.6 billion, with Diversified Manufacturing Services (DMS) year-on-year revenue growth of 11% and Electronics Manufacturing Services (EMS) year-on-year revenue growth of 7%. US GAAP operating income was $350 million.
“Our commercial portfolio has been constructed to deliver reliable margins and strong free cash flows, and what we're doing is working,” continued Mondello. “Given our strong start to the year, combined with our improved forecast, we now expect FY22 revenue will be $31.8 billion, while core EPS will increase to $6.55, up 20 cents from our outlook in September," added Mondello.
“Our momentum continues, and I’m thrilled with our teams’ strong performance in Q1,” said Jabil chairman and CEO Mark Mondello. “During the quarter, our financial results were supported by growth in key end-markets and successful management of a very dynamic supply chain environment. Our performance is illustrative of both the power of our tal-ented workforce and the resiliency of our large-scale diversified model, which serves a broad range of end-markets today,” he added.
Net revenue of 1Q of fiscal year was $8.6 billion, with Diversified Manufacturing Services (DMS) year-on-year revenue growth of 11% and Electronics Manufacturing Services (EMS) year-on-year revenue growth of 7%. US GAAP operating income was $350 million.
“Our commercial portfolio has been constructed to deliver reliable margins and strong free cash flows, and what we're doing is working,” continued Mondello. “Given our strong start to the year, combined with our improved forecast, we now expect FY22 revenue will be $31.8 billion, while core EPS will increase to $6.55, up 20 cents from our outlook in September," added Mondello.