ST. PETERSBURG, FL – Jabil Circuit reported fiscal third-quarter revenue up 5.1% year-over-year to $4.5 billion.
GAAP net income was $49.6 million, down 51.2% compared to the same period in 2012.
GAAP operating income for the quarter was $103.7 million, down 33.8% year-over-year.
Diversified Manufacturing posted $1.8 billion for the quarter; Enterprise and Infrastructure reported $1.4 billion, and the High Velocity segment brought in $1.3 billion in revenue.
The company generated cash flow from operations of $504 million during the quarter, bringing their year-to-date total to $810 million. Jabil expects cash flow for the fiscal year 2013 of $1 billion.
The company said $28 million in restructuring activity and a $26 million non-cash charge related to a note receivable and related charges impacted GAAP operating income.
The firm expects to close on its acquisition of Nypro on July 1.