Jabil Inc Rallied Tuesday , on the back the company’s per-share earnings of 88 cents, which beats out Wall Street’s earnings estimate of 86 cents per share. However, revenue of $6.57 billion for the period did miss analysts’ estimate of $6.61 billion.
Highlights from report.
EPS for the fiscal fourth quarter was up almost 26% YoY from 70 cents.
The company’s revenue for the quarter was up close to 14% from $5.33 billion last year.
Operating income for the quarter was up roughly 23% to $189.75 million from $153.90 million in 2018.
The Jabil earnings report also sees net income climb almost 200% YoY to $53.76 million from a net loss of -$56.61 million.
“I’m thrilled with our FY19 results, highlighted by outstanding operational execution, strong free cash flow generation and double-digit core EPS growth,” says Jabil CEO Mark Mondello. “As expected, our revenue was driven higher by targeted end-markets in the areas of 5G, cloud, energy and healthcare.”
The Jabil earnings report also includes its outlook for the fiscal first quarter of 2020. The company is expecting core earnings per share to range from 82 cents to $1.04 with revenue coming in between $6.65 billion to $7.35 billion. That has its mid per-share earnings matching Wall Street’s estimate of 93 cents. It also has the midpoint of the company’s revenue guidance above analysts’ estimate of $6.85 billion.
Company profile
Jabil, Inc. engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries. The firm operates through the Electronics Manufacturing Services and Diversified Manufacturing Services segments. The Electronics Manufacturing Services segment focuses around leveraging IT; supply chain design and engineering; and technologies largely centered on core electronics. The Diversified Manufacturing Services segment provides engineering solutions, with an emphasis on material sciences and technologies. The company was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.
Highlights from report.
EPS for the fiscal fourth quarter was up almost 26% YoY from 70 cents.
The company’s revenue for the quarter was up close to 14% from $5.33 billion last year.
Operating income for the quarter was up roughly 23% to $189.75 million from $153.90 million in 2018.
The Jabil earnings report also sees net income climb almost 200% YoY to $53.76 million from a net loss of -$56.61 million.
“I’m thrilled with our FY19 results, highlighted by outstanding operational execution, strong free cash flow generation and double-digit core EPS growth,” says Jabil CEO Mark Mondello. “As expected, our revenue was driven higher by targeted end-markets in the areas of 5G, cloud, energy and healthcare.”
The Jabil earnings report also includes its outlook for the fiscal first quarter of 2020. The company is expecting core earnings per share to range from 82 cents to $1.04 with revenue coming in between $6.65 billion to $7.35 billion. That has its mid per-share earnings matching Wall Street’s estimate of 93 cents. It also has the midpoint of the company’s revenue guidance above analysts’ estimate of $6.85 billion.
Company profile
Jabil, Inc. engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries. The firm operates through the Electronics Manufacturing Services and Diversified Manufacturing Services segments. The Electronics Manufacturing Services segment focuses around leveraging IT; supply chain design and engineering; and technologies largely centered on core electronics. The Diversified Manufacturing Services segment provides engineering solutions, with an emphasis on material sciences and technologies. The company was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.