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

By Benzinga
Benzinga
Benzinga
December 17, 2021 Updated: December 17, 2021

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.

Jabil held $1.2. billion in cash and equivalents and used $46 million in operating cash flow. It also used $119 million in adjusted free cash flow.

“Our commercial portfolio has been constructed to deliver reliable margins and strong free cash flows, and what we’re doing is working,” said Chair and CEO Mark Mondello.

Outlook

Jabil sees Q2 FY22 revenue of $7.1 billion–$7.7 billion above the consensus of $7.37 billion.

Jabil sees non-GAAP EPS of $1.35–$1.55 versus the consensus of $1.43.

It sees FY22 revenue of $31.8 billion above the consensus of $31.5 billion and non-GAAP EPS of $6.55 above the consensus of $6.36.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

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