Jabil (JBL) Tops Q4 EPS by 32c, Revenues Beat; Offers 1Q EPS Guidance Above Consensus, 1Q Revenue Mid-Point Guidance Below Consensus
Get Alerts JBL Hot Sheet
EPS Growth %: -5.0%
Financial Fact:
Research and development: 7.52M
Today's EPS Names:
MAXN, CSTR, ACU, More
Join SI Premium – FREE
Jabil (NYSE: JBL) reported Q4 EPS of $0.98, $0.32 better than the analyst estimate of $0.66. Revenue for the quarter came in at $7.3 billion versus the consensus estimate of $6.29 billion.
Fourth Quarter of Fiscal Year 2020 Highlights:
- Net revenue: $7.3 billion
- Diversified Manufacturing Services (DMS) year-on-year revenue growth: 17 percent
- Electronics Manufacturing Services (EMS) year-on-year revenue growth: 8 percent
- U.S. GAAP operating income: $197.1 million
- U.S. GAAP diluted earnings per share: $0.44
- Core operating income (Non-GAAP): $255.2 million
- Core diluted earnings per share (Non-GAAP): $0.98
“I’m thrilled with our ability to deliver such strong financial results to close out FY20,” said CEO Mark Mondello. “Over the past several years, we’ve strategically positioned Jabil in attractive end-markets, while building the most desired products and serving the world’s most successful brands. At the same time, we’ve streamlined the organization, creating a more optimized cost structure. These collective efforts allowed us to beat expectations in the fourth quarter, despite the various complexities brought about by the global pandemic,” he added.
“As we exit FY20 and look ahead, I am excited with the momentum underway in our business,” said CFO Mike Dastoor. “Several of our key businesses remain especially strong including Mobility, Healthcare and Cloud. At the same time, we’re permanently transitioning certain components we procure in our EMS segment from the current purchase-and-resale model to a consignment service model,” he added.
GUIDANCE:
Jabil sees Q1 2021 EPS of $1.15-$1.35, versus the consensus of $0.99. Jabil sees Q1 2021 revenue of $6.7-7.3 billion, versus the consensus of $7.25 billion.
For earnings history and earnings-related data on Jabil (JBL) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BayCom Corp (BCML) Misses Q1 EPS by 4c
- Netflix (NFLX) Tops Q1 EPS by 77c, Offers Guidance
- Southern First Bancshares, Inc. (SFST) Misses Q1 EPS by 8c
Create E-mail Alert Related Categories
Corporate News, Earnings, Guidance, Hot Guidance, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!