Jabil held its earnings call on March 15, covering the second quarter of its fiscal year 2018. “I’m pleased with the results of our second quarter, which was characterized by strong revenue growth, core operating income expansion and healthy cash flow generation,” said CEO Mark Mondello.
The company reported net revenue of $5.3 billion for the quarter – with 54 percent comprised from Jabil's Electronics Manufacturing Services (EMS) business and 46 percent from Jabil's Diversified Manufacturing Services (DMS) business. The DMS division saw a net revenue increase of 38 percent and the EMS division saw a seven percent increase, averaging a net revenue increase of 19 percent across the company.
“Additionally, we invested in several new programs, returned approximately $150 million to shareholders via our capital return program and successfully renewed 10-year senior notes at a more favorable rate," stated Mondello. "These activities, both operational and strategic, position us well as we remain focused on diversifying our earnings and cash flows.”
"Jabil's leadership remains confident, because we are strengthening our business base by selectively expanding existing relationships and adding new customer relationships with many top brands," said Mondello and concluded: "At Jabil, we have the scale, infrastructure and talent to offer us the opportunity to move closer to our aspirational goal: to become the most technologically advanced manufacturing solutions company in the world."
Sign up for weekly updates on the latest trends, research and insight in tech, IoT and the supply chain.