Jabil Inc. reported preliminary, unaudited financial results for its first quarter of fiscal year 2021.
“I’m thrilled with the strong start to the fiscal year,” said CEO Mark Mondello. “Our unique positioning as a critical and trusted supplier for so many of the world’s leading brands is allowing us to benefit from powerful end-market trends. As a result, our team delivered record quarterly results for revenue, core operating income and core EPS. Importantly, these impressive results show that our multi-year strategy to create a more optimized commercial portfolio is working,” he added.
Net revenue in 1Q 2021 was $7.8 billion. Diversified Manufacturing Services (DMS) year-on-year revenue growth was 13%, while Electronics Manufacturing Services (EMS) year-on-year revenue decrease was 4%.
US GAAP operating income was $314 million, with US GAAP diluted earnings per share of $1.31. Core operating income (Non-GAAP) was $364.9 million
"Given our strong start to the year, combined with our improved forecast, we now expect FY21 revenue will be in the neighborhood of $27.5 billion, while core margin and core EPS will increase to 4.1% and $4.6, respectively," added Mondello.
