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Delivered $285 million in core operating income on revenue of $6.8 billion.
March 18, 2021
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Jabil Inc. reported preliminary, unaudited financial results for its second quarter of fiscal year 2021, enjoying 26% growth in its Diversified Manufacturing Services (DMS) division and reporting $6.8 billion in revenue.
The Electronics Manufacturing Services (EMS) year-on-year revenue decrease was 1%. Jabil reported US GAAP operating income of $236.4 million and US GAAP diluted earnings per share of $0.99.
“Our second-quarter performance was outstanding,” said CEO Mark Mondello. “The combination of broad end-market strength, more favorable product mix, and excellent operational execution by the team allowed us to deliver $285 million in core operating income on revenue of $6.8 billion,” he added.
“I’m extremely confident in our plan moving forward, which is supported by both strong secular tailwinds and accelerated momentum in many of the end-markets we serve. As a result, we are raising our financial outlook for the balance of the year. We now expect FY21 to deliver revenue in the range of $28.5 billion and core EPS of approximately $5,” added Mondello.
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