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Aug 31, 2020
Jabil Q4 2020 Earnings Report
Jabil delivered strong financial results, strategically positioning itself in attractive end-markets, streamlining the organization, and creating a more optimized cost structure.
Key Takeaways
Jabil Inc. reported strong fourth-quarter results, beating expectations despite global pandemic complexities. The company's strategic positioning in attractive end-markets and streamlined cost structure contributed to the positive financial outcome.
Net revenue was $7.3 billion.
Diversified Manufacturing Services (DMS) year-on-year revenue grew by 17 percent.
Electronics Manufacturing Services (EMS) year-on-year revenue grew by 8 percent.
U.S. GAAP diluted earnings per share was $0.44.
Forward Guidance
Jabil anticipates net revenue between $6.7 billion and $7.3 billion, U.S. GAAP operating income between $238 million and $283 million, and U.S. GAAP diluted earnings per share between $0.79 and $1.02 for the first quarter of fiscal year 2021.
Positive Outlook
- Net revenue $6.7 billion to $7.3 billion
- U.S. GAAP operating income $238 million to $283 million
- U.S. GAAP diluted earnings per share $0.79 to $1.02 per diluted share
- Core operating income (Non-GAAP) $295 million to $335 million
- Core diluted earnings per share (Non-GAAP) $1.15 to $1.35 per diluted share
Challenges Ahead
- Total company revenue Decrease 7 percent year-on-year
- Amortization of intangibles ($12.0 million)
- Stock-based compensation expense and related charges ($31.0 million)
- Restructuring, severance and related charges ($10.0 million to $5.0 million)
Historical Earnings Impact
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Avg. Return Before/After Earnings
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