Jabil Posts Q1 Revenue Up 6.2% PDF Print E-mail
Written by Chelsey Drysdale   
Wednesday, 19 December 2012 17:11

ST. PETERSBURG, FLJabil Circuit reported first-quarter fiscal 2013 revenue of $4.6 billion, up 6.2% year-over-year.

Net income was $105.8 million, down 6.3% year-over-year.

GAAP operating income for the quarter was $170.3 million, down 0.3% compared to the same period in fiscal 2012.

Jabil’s Diversified Manufacturing Services business grew 20% compared to the same quarter last year.

“Diversified Manufacturing Services increased to 47% of our overall business, paced by outstanding growth in Specialized Services,” said Timothy L. Main, president and CEO.

The company’s Enterprise & Infrastructure business increased 17% year-over-year, while its High Velocity business declined 20%.

“We are pleased to have generated cash flow from operations of $152 million during the quarter. As a result of this outstanding performance and the ongoing strength of our balance sheet, we were able to return $148 million in capital to shareholders during the first quarter of fiscal year 2013 through dividends and share repurchases,” said CFO Forbes Alexander. “We see this positive performance continuing and continue to estimate operating cash flow of $1 billion in fiscal 2013.”

 

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