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Jabil Circuit Q3 net revenue 15 percent better

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Jabil Circuit
Jabil Circuit   $4.4 billion in the third quarter

Jabil Circuit reported preliminary, unaudited financial results for its third quarter of fiscal year 2015. Net revenue was $4.4 billion, a 15 percent increase from the third quarter of fiscal year 2014.

U.S. generally accepted accounting principles (U.S. GAAP) operating income for the third quarter was $135.4 million and U.S. GAAP net diluted earnings per share was $0.37.

Core operating income was $160.5 million and core diluted earnings per share was $0.49.

Jabil's two reporting segments delivered the following revenue results for the company's third fiscal quarter: Electronics Manufacturing Services: $2.8 billion; and Diversified Manufacturing Services: $1.6 billion.

"We continue to make great progress as we further diversify our business, and our fiscal third quarter is another good indication that we're executing against our growth strategy.

"During the quarter, our Electronics Manufacturing Services segment delivered strong operating performance, while our Diversified Manufacturing Services segment increased revenue by 41 percent year over year," said Mark T. Mondello, chief executive officer.

"I'm pleased with our performance year to date and I believe we're well-positioned and poised to capture further growth in fiscal 2016," he added.

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