Core

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<p class="has-drop-cap">Jabil Inc. (NYSE: JBL) has reported its preliminary, unaudited <a aria-label="financial results for the fourth quarter (opens in a new tab)" href="https://investors.jabil.com/news/news-details/2024/Jabil-Posts-Fourth-Quarter-and-Fiscal-Year-2024-Results/default.aspx" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">financial results for the fourth quarter</a> and fiscal year ending August 31, 2024. In the fourth quarter, the company achieved net revenue of $7 billion. <br><br>U.S. GAAP operating income was registered at $318 million, while core operating income (Non-GAAP) was $401 million. The company’s U.S. GAAP diluted earnings per share stood at $1.18, and core diluted earnings per share (Non-GAAP) reached $2.30.</p>
<p>CEO Mike Dastoor highlighted that despite facing challenges in multiple end-markets, Jabil managed to deliver core margins of 5.5% and $8.49 of core diluted EPS for the fiscal year 2024. The firm also generated over $1 billion in adjusted free cash flow and returned $2.5 billion to shareholders through <a href="https://tokenist.com/investing/what-is-a-stock-buyback/" rel="noopener noreferrer nofollow" class="deco-link">buybacks</a>.</p>
<h3 id="jabil-inc-beats-expectations-in-fiscal-q4">Jabil Inc. Beats Expectations in Fiscal Q4</h3>
<p>When comparing Jabil’s fourth-quarter performance to market expectations, the company exceeded analyst forecasts. <br><br>The expected <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">earnings per share (EPS)</a> for the quarter were $2.22, while the actual core diluted EPS came in at $2.30. This indicates a positive surprise, reflecting Jabil’s ability to outperform expectations by $0.08 per share. Similarly, the company’s net revenue of $7.0 billion surpassed the expected $6.59 billion, showcasing a stronger-than-anticipated revenue generation.</p>
<p>The company’s ability to exceed both EPS and revenue expectations is a testament to its robust operational execution and strategic initiatives. Despite the divestiture of its Mobility business and the challenges posed by various end-markets, Jabil’s performance has been resilient.</p>
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<h3 id="jabil-expects-net-revenue-in-q1-fy-25-to-be-between-6-3-billion-to-6-9-billion">Jabil Expects Net Revenue in Q1 FY’25 to be Between $6.3 Billion to $6.9 Billion</h3>
<p>Jabil has provided its outlook for the first quarter of fiscal year 2025. The company projects net revenue to be in the range of $6.3 billion to $6.9 billion. U.S. GAAP operating income is expected to be between $143 million and $223 million, with U.S. GAAP diluted earnings per share estimated to be between $0.26 and $0.83. <br><br>For core operating income (Non-GAAP), the guidance is set between $304 million and $364 million, and core diluted earnings per share (Non-GAAP) is anticipated to range from $1.65 to $2.05.</p>
<p>For the full fiscal year 2025, Jabil forecasts net revenue of approximately $27.0 billion. The company expects to maintain a core operating margin (Non-GAAP) of 5.4% and achieve core diluted earnings per share (Non-GAAP) of $8.65. <br><br>Additionally, Jabil projects adjusted free cash flow (Non-GAAP) of $1.2 billion. These projections underscore the company’s confidence in its strategic initiatives and its ability to drive consistent performance in the forthcoming fiscal year.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/jabil-inc-beats-expectations-with-7-b-in-q4-revenue-and-2-30-core-eps/">Jabil Inc. Beats Expectations with $7 B in Q4 Revenue and $2.30 Core EPS</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Jabil Inc. Beats Expectations with $7 B in Q4 Revenue and $2.30 Core EPS

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