Jabil CEO Mark Mondello
Jabil held an earnings call on June 14, covering the third quarter of its fiscal year 2017. The company reported net revenue of $4.5 billion for the quarter – with 63 percent generated from Jabil's Electronics Manufacturing Services (EMS) business and 37 percent from Jabil's Diversified Manufacturing Services (DMS) business.
"I'm pleased with our third quarter results as both business segments performed quite well,” said CEO Mark Mondello. “Core operating margin came in at 2.5 percent as anticipated during this heavy investment period, representing a 50-basis point pick up over 3Q last year.”
"Our shareholders remain at the forefront of our actions. We’re agile, decisive and the most cost-effective operator of our business,” said Mondello. “There is clear evidence that our diversified portfolio strategy has taken hold and our productive market-facing divisional structure is working really well.”