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Jabil Continues with Another Strong Year in 2018-19

Fiscal year 2019 net revenue was $25.3 billion, with Electronics Manufacturing Services (EMS) year-on-year revenue growth of 26%.

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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 August 31, 2019.

In the fourth quarter of fiscal year 2019, net revenue was $6.6 billion. Diversified Manufacturing Services (DMS) year-on-year revenue growth was 2%, while Electronics Manufacturing Services (EMS) year-on-year revenue growth was 23%. US GAAP operating income was $189.7 million.

Fiscal year 2019 highlights include net revenue of $25.3 billion. Diversified Manufacturing Services (DMS) year-on-year revenue remained consistent, while Electronics Manufacturing Services (EMS) year-on-year revenue growth was 26%. US GAAP operating income was $701.4 million.

“I’m thrilled with our FY19 results, highlighted by outstanding operational execution, strong free cash flow generation and double-digit core EPS growth,” said CEO Mark Mondello.

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