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Jabil Circuit Q2 2016 net revenue $4.4 billion

Staff writer ▼ | March 17, 2016
Jabil Circuit reported preliminary, unaudited financial results for its second quarter of fiscal year 2016.
Jabil Circuit
Jabil Circuit   Results are largely in line with the guidance
Net revenue was $4.4 billion reflecting a two percent revenue increase over fiscal 2015.

"I'm pleased to report second quarter results that were largely in line with our guidance and expectations," said CEO Mark Mondello.

"The performance of our EMS segment was outstanding and above expectations, while our DMS segment grew modestly as we faced a slight downturn in product demand late in our fiscal quarter specific to our mobility business," he added.

U.S. GAAP operating income for the second quarter was $154.9 million and U.S. GAAP net diluted earnings per share was $0.41. Core operating income was $186.3 million and core diluted earnings per share was $0.57.

Jabil's two reporting segments delivered the following revenue results for the company's second fiscal quarter: Diversified Manufacturing Services: $1.7 billion, and Electronics Manufacturing Services: $2.7 billion.

Management updated the fiscal year 2016 revenue outlook to approximately $18.5 billion; U.S. GAAP net diluted earnings per share outlook to approximately $1.48 and core diluted earnings per share outlook to approximately $2.12.


 

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