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Feb 29, 2020

Jabil Q2 2020 Earnings Report

Jabil's financial performance was adversely impacted by workforce and supply chain disruptions associated with COVID-19, resulting in a GAAP diluted loss per share.

Key Takeaways

Jabil reported a net revenue of $6.1 billion for the second quarter of fiscal year 2020. The company's operations were affected by COVID-19 related disruptions, leading to a GAAP diluted loss per share of $(0.02).

Net revenue reached $6.1 billion.

Diversified Manufacturing Services (DMS) revenue grew by 1 percent year-on-year.

Electronics Manufacturing Services (EMS) revenue grew by 1 percent year-on-year.

U.S. GAAP operating income was $90.6 million.

Total Revenue
$6.13B
Previous year: $6.07B
+1.0%
EPS
$0.5
Previous year: $0.64
-21.9%
Gross Profit
$430M
Previous year: $455M
-5.4%
Cash and Equivalents
$697M
Previous year: $749M
-7.0%
Free Cash Flow
-$155M
Previous year: -$106M
+46.1%
Total Assets
$13.1B
Previous year: $12.5B
+5.3%

Jabil

Jabil

Forward Guidance

Jabil withdraws its FY20 full year guidance due to the impact of the global pandemic.