06.19.19
Jabil Inc. reported preliminary, unaudited financial results for its third quarter of fiscal year 2019.
Third quarter of fiscal year 2019 highlights include net revenue of $6.1 billion and US GAAP operating income of $140.9 million. Core operating income (non-GAAP) was $185.8 million. Diversified Manufacturing Services (DMS) year-on-year revenue decreased 6%, while Electronics Manufacturing Services (EMS) year-on-year revenue growth was 26%.
“I’m extremely pleased with our third quarter performance, highlighted by solid operational excellence and strong financial results. The team delivered 20 basis points of core margin expansion on double-digit revenue growth, culminating in an impressive 24 percent core EPS growth, year-over-year,” said CEO Mark Mondello. “Our strong year-to-date results validate that our diversification strategy has firmly taken hold,” he added.
During the third fiscal quarter, Jabil successfully transitioned additional sites from Johnson & Johnson Medical Devices Companies (JJMDC) as part of the previously announced strategic collaboration between the companies.
“Our overall healthcare business achieved another important step during the third quarter with the acquisition of three new sites, located in Brandywine, Elmira and Monument,” said Mondello. “I’d like to welcome our new employees at these outstanding healthcare facilities, which further expand our talent and capabilities in this area of our business,” he added.
“In the fourth quarter, our outlook for revenue, core EPS and cash flow is solid as we see robust demand in 5G/wireless, cloud, industrial, healthcare and packaging,” said Mondello. “Over the longer-term, we remain relentless in our commitment to drive margin expansion and strong cash flows through a well-balanced, diverse stream of income.”
Third quarter of fiscal year 2019 highlights include net revenue of $6.1 billion and US GAAP operating income of $140.9 million. Core operating income (non-GAAP) was $185.8 million. Diversified Manufacturing Services (DMS) year-on-year revenue decreased 6%, while Electronics Manufacturing Services (EMS) year-on-year revenue growth was 26%.
“I’m extremely pleased with our third quarter performance, highlighted by solid operational excellence and strong financial results. The team delivered 20 basis points of core margin expansion on double-digit revenue growth, culminating in an impressive 24 percent core EPS growth, year-over-year,” said CEO Mark Mondello. “Our strong year-to-date results validate that our diversification strategy has firmly taken hold,” he added.
During the third fiscal quarter, Jabil successfully transitioned additional sites from Johnson & Johnson Medical Devices Companies (JJMDC) as part of the previously announced strategic collaboration between the companies.
“Our overall healthcare business achieved another important step during the third quarter with the acquisition of three new sites, located in Brandywine, Elmira and Monument,” said Mondello. “I’d like to welcome our new employees at these outstanding healthcare facilities, which further expand our talent and capabilities in this area of our business,” he added.
“In the fourth quarter, our outlook for revenue, core EPS and cash flow is solid as we see robust demand in 5G/wireless, cloud, industrial, healthcare and packaging,” said Mondello. “Over the longer-term, we remain relentless in our commitment to drive margin expansion and strong cash flows through a well-balanced, diverse stream of income.”