Jabil Closes 2011 Fiscal Year with Bang PDF Print E-mail
Written by Mike Buetow   
Tuesday, 27 September 2011 19:05

ST. PETERSBURG, FL -- Jabil Circuit reported preliminary fourth-quarter net income rose 95% to $114.3 million, a record for the period.

Revenue at the contract printed circuit board assembler was up 10.3% to $4.3 billion for the quarter ended Aug. 31.

For its fiscal 2011, Jabil's revenue grew 23% to $16.5 billion, and operating income rose 77% to $578.7 million. Net earnings rose 126% to $381.1 million.

“Posting a record quarter and fiscal year in the present environment is remarkable,” said Tim Main, president and CEO.

Jabil achieved growth through a combination of market share gains, new customer wins and new production from its existing customer base.

Revenue from Diversified Manufacturing Services (also known as EMS) rose 43% over fiscal 2010. Specialized Services was up 76%, Health care and Instrumentation was up 31%, Industrial and Clean Tech grew 19%, Enterprise and Infrastructure was up 18%, and High Velocity rose 11%.

“In addition to progress against our long-term objectives, we generated significantly higher cash flow in fiscal 2011, enabling the return of $262 million in capital to shareholders via our dividend and share-repurchase program,” said Main. The company generated $828 million in cash from operations during the fiscal year.

 

 

Columns

Eastern-US: China’s New Competitor?

Parity emerges among EMS Factories from Asia, Mexico and the US.

For the first time in years we see parity in the Eastern US among EMS factories from Asia, Mexico and the US. This EMS market condition will permit American OEMs (the EMS industry refers to OEMs as customers) to have more EMS pathways to choose from. Now more than ever, such EMS assignments will require deeper investigation relating to the OEMs’ evaluation of manufacturing strategies.

Read more...
 
The Human Touch

For those who count on the electronics industry for big feats, it’s been a remarkable couple of years.

Read more...
 

Features

Advances in Concentration Monitoring and Closed-Loop Control

Contaminated bath water skews refractive index results. New technology can accurately measure aqueous cleaning agent concentration.

Read more...
 
Circuits Disassembly: Materials Characterization and Failure Analysis

A systematic approach to nonconventional methods of encapsulant removal.

Read more...
 

Search

Search

Login

CB Login

Language

Language

English French German Italian Portuguese Russian Spanish
 

Products

KIC Debuts K2 Thermal Profiler
K2 thermal profiler has plug-and-play hardware and a graphical user interface said to make profiling both quick and easy. Enables each thermocouple to use its own unique process window, while...