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Jabil Posts Third Quarter 2021 Results

Third quarter of fiscal year 2021 highlights include net revenue of $7.2 billion.

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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 third quarter of fiscal year 2021.

“Our third quarter performance was outstanding,” said CEO Mark Mondello. “The combination of strong demand and excellent execution by the team allowed us to deliver $277 million in core operating income on revenue of $7.2 billion,” he added.

Third quarter of fiscal year 2021 highlights included net revenue of $7.2 billion. Diversified Manufacturing Services (DMS) year-on-year revenue growth was 21%, while Electronics Manufacturing Services (EMS) year-on-year revenue growth was 8%. US GAAP operating income came in at $239.8 million. 

“I’m confident in our plan. As a result, we are raising our financial outlook for the balance of the year. We now expect FY21 revenue to be in the neighborhood of $29.5 billion, with core EPS of approximately $5.50,” added Mondello.

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