Jabil Circuit Inc Reports Strong Q4 Results

Investing.com — Jabil Circuit Inc (NYSE:JBL) saw its shares pop more than 9% in premarket trading Thursday after it reported better-than-anticipated results for fiscal Q4 2024.

Financial Highlights

• Earnings Per Share (EPS): Jabil posted Q4 EPS of $2.30, exceeding analyst expectations of $2.22.
• Revenue: The quarter’s revenue reached $7 billion, surpassing the consensus estimate of $6.59 billion.

Guidance for Fiscal Q1 2025

Looking ahead to fiscal Q1 2025, Jabil expects:
– EPS: Between $1.65 and $2.05, compared to the consensus of $1.83.
– Revenue: Ranging from $6.3 to $6.9 billion, versus the forecasted $6.5 billion.
– Core Operating Profit: Projected between $304 million and $364 million.

Full Fiscal 2025 Outlook

For the full fiscal 2025, Jabil forecasts:
– EPS: $8.65, in line with the $8.64 consensus.
– Revenue: $27 billion, slightly below the $27.2 billion estimate.

CEO Commentary

“It’s evident that Jabil has undergone a substantial transformation this fiscal year: a year during which we sold our Mobility business, saw growth in the AI data center sector, and faced challenges in multiple end-markets,” said Jabil CEO Mike Dastoor.

“Despite these changes, we delivered core margins of 5.5% and $8.49 of core diluted EPS in FY24, while generating more than $1 billion in adjusted free cash flow.