09.28.22
Jabil Inc. reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2022.
“The team delivered yet another solid year in FY22,” said Jabil chairman and CEO Mark Mondello. “I’d like to thank our reliable workforce and acknowledge the positive impact of our large-scale, well-diversified commercial portfolio.”
Fourth Quarter of Fiscal Year 2022 Highlights:
• Net revenue: $9 billion
• Diversified Manufacturing Services (DMS) year-on-year revenue growth: 13%
• Electronics Manufacturing Services (EMS) year-on-year revenue growth: 32%
• U.S. GAAP operating income: $409 million
• U.S. GAAP diluted earnings per share: $2.25
• Core operating income (Non-GAAP): $447 million
• Core diluted earnings per share (Non-GAAP): $2.34
Fiscal Year 2022 Highlights:
• Net revenue: $33.5 billion
• Diversified Manufacturing Services (DMS) year-on-year revenue growth: 9%
• Electronics Manufacturing Services (EMS) year-on-year revenue growth: 20%
• U.S. GAAP operating income: $1.4 billion
• U.S. GAAP diluted earnings per share: $6.90
• Core operating income (Non-GAAP): $1.5 billion
• Core diluted earnings per share (Non-GAAP): $7.65
Jabil’s Board of Directors has authorized a share repurchase program of up to $1 billion in common stock. The shares will be repurchased from time-to-time through fiscal year 2024 through various methods, including open market repurchases, at the company's discretion and subject to market conditions and other factors.
“This is continued evidence of our ongoing commitment to return capital to shareholders,” said CFO Mike Dastoor. “This new authorization reflects our belief in Jabil’s ability to generate strong earnings and free cash flows.”
“The team delivered yet another solid year in FY22,” said Jabil chairman and CEO Mark Mondello. “I’d like to thank our reliable workforce and acknowledge the positive impact of our large-scale, well-diversified commercial portfolio.”
Fourth Quarter of Fiscal Year 2022 Highlights:
• Net revenue: $9 billion
• Diversified Manufacturing Services (DMS) year-on-year revenue growth: 13%
• Electronics Manufacturing Services (EMS) year-on-year revenue growth: 32%
• U.S. GAAP operating income: $409 million
• U.S. GAAP diluted earnings per share: $2.25
• Core operating income (Non-GAAP): $447 million
• Core diluted earnings per share (Non-GAAP): $2.34
Fiscal Year 2022 Highlights:
• Net revenue: $33.5 billion
• Diversified Manufacturing Services (DMS) year-on-year revenue growth: 9%
• Electronics Manufacturing Services (EMS) year-on-year revenue growth: 20%
• U.S. GAAP operating income: $1.4 billion
• U.S. GAAP diluted earnings per share: $6.90
• Core operating income (Non-GAAP): $1.5 billion
• Core diluted earnings per share (Non-GAAP): $7.65
Jabil’s Board of Directors has authorized a share repurchase program of up to $1 billion in common stock. The shares will be repurchased from time-to-time through fiscal year 2024 through various methods, including open market repurchases, at the company's discretion and subject to market conditions and other factors.
“This is continued evidence of our ongoing commitment to return capital to shareholders,” said CFO Mike Dastoor. “This new authorization reflects our belief in Jabil’s ability to generate strong earnings and free cash flows.”