Exhibit 99.1

 

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Jabil Posts Second Quarter Results

Diversification Strategy Continues to Drive Positive Results

ST. PETERSBURG, Fla. – March 14, 2019 Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its second quarter of fiscal year 2019.

“I’m extremely pleased with our outstanding second quarter results, which further demonstrate the success of our diversification strategy,” said CEO Mark Mondello. “Quite simply, our approach is working, both in terms of our strategy and operational excellence. This is well-illustrated by our performance in the first half of the fiscal year,” he added.

Second Quarter of Fiscal Year 2019 Highlights:

 

   

Net revenue: $6.1 billion

 

   

Diversified Manufacturing Services (DMS) year-on-year revenue decrease: 7 percent

 

   

Electronics Manufacturing Services (EMS) year-on-year revenue growth: 33 percent

 

   

U.S. GAAP operating income: $154.0 million

 

   

U.S. GAAP diluted earnings per share: $0.43

 

   

Core operating income (Non-GAAP): $191.1 million

 

   

Core diluted earnings per share (Non-GAAP): $0.64

Healthcare Business Update:

During the second fiscal quarter, Jabil successfully transitioned the first two sites from Johnson & Johnson Medical Devices Companies (JJMDC) as part of the previously announced strategic collaboration between the companies.

“I’m honored to welcome our new employees from these outstanding healthcare facilities,” said Mondello. “Our new team members bring forward terrific experience, elevating and expanding Jabil’s capabilities in our healthcare business,” he added.

General Business Update:

“As we move into the back half of our fiscal year, our outlook for revenue and core EPS remain strong, supported by strength in our healthcare, retail, cloud and industrial businesses,” said Mondello.

Third Quarter of Fiscal Year 2019 Outlook:

 

•  Net revenue

  

$5.7 billion to $6.3 billion

•  U.S. GAAP operating income

  

$106 million to $167 million

•  U.S. GAAP diluted earnings per share

  

$0.19 to $0.46 per diluted share

•  Core operating income (Non-GAAP) (1)

  

$150 million to $200 million

•  Core diluted earnings per share (Non-GAAP) (1)

  

$0.47 to $0.67 per diluted share

•  Diversified Manufacturing Services revenue

  

Decrease 12 percent year-on-year

•  Electronics Manufacturing Services revenue

  

Increase 27 percent year-on-year

•  Total company revenue

  

Increase 10 percent year-on-year

 

(1) Core operating income and core diluted earnings per share exclude anticipated adjustments of $7.0 million for amortization of intangibles (or $0.05 per diluted share), $15.0 million for stock-based compensation expense and related charges (or $0.09 per diluted share), $6.0 to $3.0 million for restructuring and related charges (or $0.04 to $0.02 per diluted share) and $16.0 to $8.0 million for acquisition and integration charges (or $0.10 to $0.05 per diluted share).


The following information was filed by Jabil Inc (JBL) on Thursday, March 14, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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