Jabil's strategy remains intact and the plan is working well

“Our first quarter results reflect exceptional execution across all of our businesses,” says CEO Mark Mondello, as he comments the company's first quarter of fiscal year 2020.

The US-based EMS provider reported net revenues for the first quarter of USD 7.5 billion, up from 6.5 billion for the same period last year. First quarter gross profit for fiscal 2020 amounted to USD 534 million, up from USD 519.5 million last year. Operating income for the quarter amounted to USD 152.8 million, down from USD 216.7 million during the first quarter last year. Jabil's Diversified Manufacturing Services (DMS) showed a year-on-year revenue growth of 3%, and the Electronics Manufacturing Services (EMS) segment posted a year-on-year revenue growth of 26% "In September, we outlined a strategic plan that focused on providing world-class solutions for our customers and value for our shareholders through a better ‘mix and balance’ of business. Today, I’m pleased to report our strategy remains intact and our plan is working well, as reflected by our first quarter results," Mondello continues in the report. The CEO continues saying that given the nice start to the year, the company now believe FY20 revenue will be in the neighbourhood of USD 26.7 billion.

The United States’ three remaining manufacturers of polysilicon expressed appreciation to President Trump and praised U.S. negotiators for securing the Chinese commitment to purchase U.S. polysilicon in the first phase of the U.S.-China trade deal.

Following its recent USD 26.2 billion deal to sell off its nutrition business, DuPont de Nemours Inc. is weighing a divestiture of its electronics unit, according to people familiar with the matter.

AMD has announced several promotions and one new hire to its senior leadership team, in an effort to enable the company’s continued growth in the high-performance computing, graphics and visualization technologies market.

Webasto has inaugurated its new roof plant and battery center in Jiaxing (Zhejiang Province) close to Shanghai.

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Evertiq is continuing on its growth path. The rapid growth of recent years, both in terms of turnover and employee numbers, will now be followed by accompanying structural set-up of the company.

Panasonic is looking to build a new wiring device factory in southern India. The new factory is scheduled to start production in autumn 2021, responding to the increased demand in the country.

Season Group has invested in, and installed, two high-speed and high-precision wireless communication testers - Rohde & Schwarz’s R&S CMW500 Wideband Radio Communication Tester and R&S CMW100 Communications Manufacturing Test Set.

Rocket Lab announced this week it will open a new facility to serve as its corporate headquarters and provide increased production capacity.

PCB Piezotronics Inc., a wholly owned subsidiary of MTS Systems Corporation, has announced the completion of environmentally controlled clean rooms at their DePew, New York facility.

Difficulties manufacturing smaller design series among reasons for the decision to return back to base.

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