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Jabil Delivers Another Strong Fiscal Year

Highlights included net revenue of $22.1 billion, US GAAP operating income was $542.2 million in 2018.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Jabil Inc. reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended Aug. 31, 2018.
 
“I’m really pleased with our fiscal 2018 results and the positive momentum we’re seeing across the business,” said CEO Mark Mondello. “Our team’s performance during the year culminated in double-digit revenue growth, 24% core EPS expansion and core ROIC of 19%, an increase of approximately 400 basis points year-on-year. At the same time, we made strategically important investments in areas like additive manufacturing and factory automation, while the underlying business allowed for nearly $1 billion in cash flow generation and $500 million in shareholder returns. By many measures, 2018 was another great year as we position the company to continue to deliver on our stated goals,” he added.
 
Jabil’s fiscal year 2018 highlights included net revenue of $22.1 billion. Diversified Manufacturing Services (DMS) year-on-year revenue growth was 23%. Electronics Manufacturing Services (EMS) year-on-year revenue growth was 11%. US GAAP operating income was $542.2 million.

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