Ad
Ad
Ad
Ad
Ad
Ad
Ad
Ad
Electronics Production | December 21, 2009

Jabil Circuit shows black figures

Jabil Circuit net revenue for the first quarter of fiscal 2010 was $3.1 billion compared to $3.4 billion for the same period of fiscal 2009.
Jabil Circuit, Inc. has reported its preliminary, unaudited financial results for the first quarter of fiscal year 2010, ended November 30, 2009. "Jabil demonstrated solid execution during the quarter, delivering significant margin expansion and revenue growth on a sequential basis," said President and CEO Timothy L. Main.

Net revenue for the first quarter of fiscal 2010 was $3.1 billion compared to $3.4 billion for the same period of fiscal 2009. GAAP operating income for the first quarter of fiscal 2010 was $66.3 million compared to a loss of $240.0 million for the same period of fiscal 2009. GAAP net income for the first quarter of fiscal 2010 was $28.3 million compared to a net loss of $275.9 million for the same period of fiscal 2009.

"We believe that we have a good pipeline of new business, a stable to improving end-market environment and a keen focus on cost, quality and delivery for our valuable customers," said President and CEO Timothy L. Main. "We also think that we have established positive momentum toward a much improved fiscal 2010 and we expect to provide further evidence of this in our second fiscal quarter."

Jabil management indicated that it expects its net revenue for its second quarter of fiscal 2010 to be in a range from $2.9 billion to $3.1 billion, reflecting typical seasonality and anticipated continued improvement in end markets. Jabil estimated that its core operating income would be in a range from $75 million to $105 million.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Ad
Ad
Load more news
November 14 2017 8:30 PM V8.8.9-1