ST. PETERSBURG, FL -- Jabil Circuit reported fiscal fourth-quarter 2013 revenues increased 11% from last year to $4.81 billion, on strong performance across all end-markets. The firm's Diversified Manufacturing unit saw revenue rise 11% to $2.1 billion.

Diversified Manufacturing makes up 44% of the firm's sales. Enterprise & Infrastructure, which is 29% of revenues, was up 3% to $1.4 billion, while High Velocity rose 21% to $1.3 billion. The former business includes industrial, instrumentation and clean tech, and the latter includes cellphones, set-top boxes, printing, and automotive, among others.

Gross margin was flat year at 7.3%. Net income margin was also flat, at 2.1%. Cash flow from operations was $404 million, down from $504 million sequentially. Capital expenditures rose to $280 million from $81.5 million in the fiscal third quarter.

Fiscal 2013 net revenue was $18.3 billion, up 7% year-over-year. GAAP operating income decreased 18% to $511 million.

The EMS company said its global restructuring would cost $99 million over fiscal 2014 and 2015. The company now expects about $35 million to $85 million worth of charges in fiscal 2014 related to lower demand from Blackberry, its second largest customer in fiscal 2013. On a conference call with investors,the company intimated that production with Blackberry would be winding down.

The restructuring, which will include unspecified plant closings, will save an estimated $30 million to $40 million in fiscal 2014 and $65 million in fiscal 2015, the company said. On the conference call, the company said its investment in Chengdu, China was "premature," although it added that the campus, which will come online in the current fiscal year, remains a "strategic site."

Jabil guided for fiscal first quarter 2014 net revenue to fall 3% to $4.35 billion to $4.65 billion.

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