Jabil Reports Preliminary 2017 Fiscal Year Results

Jabil Inc. reported preliminary, unaudited financial results for its fourth quarter and full fiscal year ended Aug. 31, 2017, including fourth quarter net revenue of $5.0 billion and fiscal year net revenue of $19.1 billion.
 
For the fourth quarter of fiscal year 2017, US GAAP (as defined below) operating income was $118.1 million and US GAAP diluted earnings per share was $0.25. For fiscal year 2017, US GAAP operating income was $410.2 million and US GAAP diluted earnings per share was $0.69.
 
“I’m very pleased with our team’s performance throughout the fiscal year,” said CEO Mark Mondello. “As we described at the outset of the year, success would include solid revenue and core earnings growth coupled with strong cash flow generation. Clearly, we delivered on these strategic objectives,” he added.
 
Fiscal year 2017 highlights included net revenue growth of 4%, and cash flow from operations of $1.26 billion,