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May 31, 2021
Jabil Q3 2021 Earnings Report
Jabil's third quarter performance was outstanding, with strong demand and excellent execution, resulting in solid results and a strong outlook.
Key Takeaways
Jabil Inc. reported net revenue of $7.2 billion and core operating income of $277 million for the third quarter of fiscal year 2021. The company also provided an outlook for the fourth quarter of fiscal year 2021, with net revenue expected to be in the range of $7.3 billion to $7.9 billion and core EPS of approximately $5.50.
Net revenue reached $7.2 billion.
Diversified Manufacturing Services (DMS) grew 21% year-on-year.
Electronics Manufacturing Services (EMS) grew 8% year-on-year.
U.S. GAAP diluted earnings per share was $1.12.
Jabil
Jabil
Forward Guidance
Jabil anticipates net revenue between $7.3 billion and $7.9 billion, U.S. GAAP operating income between $242 million and $302 million, and U.S. GAAP diluted earnings per share between $1.00 and $1.20 for the fourth quarter of fiscal year 2021. They updated their fiscal year 2021 revenue outlook to approximately $29.5 billion, with core EPS of approximately $5.50.
Positive Outlook
- Net revenue between $7.3 billion and $7.9 billion
- U.S. GAAP operating income between $242 million and $302 million
- U.S. GAAP diluted earnings per share between $1.00 and $1.20 per diluted share
- Core operating income (Non-GAAP) $280 million to $340 million
- Core diluted earnings per share (Non-GAAP) $1.25 to $1.45 per diluted share