Jabil Tops Q1 Consensus Backed by End-Market; Issues Robust Q2 Outlook

Jabil Tops Q1 Consensus Backed by End-Market; Issues Robust Q2 Outlook
Headquarter of the American manufacturing services company Jabil in Austin, Texas, in April 2019. Google Maps/Screenshot via The Epoch Times
Benzinga
Updated:
Manufacturing services and solutions provider Jabil Inc. FY22 revenue growth of 9.4 percent year-on-year to $8.6 billion, beating the consensus of $8.29 billion.

Segments

Diversified Manufacturing Services (DMS) revenue grew 11 percent Y/Y. Electronics Manufacturing Services (EMS) revenue decreased 7 percent Y/Y.

Jabil’s non-GAAP EPS of $1.92 beat the consensus of $1.80.