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Jabil Inc. (NYSE: JBL): Q1 2020 Earnings Snapshot

By Staff Correspondent |
Earnings Update by AlphaStreet

— Jabil, Inc. (NYSE: JBL) reported core earnings of $1.05 per share for the first quarter of 2020, vs. $0.94 per share expected.

Jabil Inc. (NYSE: JBL): Q1 2020 Earnings Snapshot

— First-quarter net income attributable to the company, on a reported basis, was $40.2 million or $0.26 per share, compared to $123.6 million or $0.76 per share last year

— Net revenue increased to $7.5 billion from $6.5 billion in the first quarter of 2019, vs. $6.95 billion expected

— Revenues from Diversified Manufacturing Services and Electronics Manufacturing Services rose 3% and 26%, respectively

— Expects second-quarter revenues to be in the range of $6.0 billion to $6.7 billion and unadjusted earnings to be between $0.09 per share and $0.40 per share

— Expects unadjusted operating income of $70-$189 million for the second quarter

— Sees second-quarter core earnings to be in the range of $0.62 per share to $0.82 per share

— Expects Diversified Manufacturing Services revenue and Electronics Manufacturing Services revenue to grow 4% and 5%, respectively, in Q2

For fiscal 2020, estimates revenues of about $26.7 billion and core earnings of $3.60 per share

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

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