Circuits Assembly Online Magazine - Jabil Reverses Q4 Loss

ST. PETERSBURG, FL -- Jabil on Thursday night reported net profit of $11.7 million on a 3.3% gain in sales for its fourth quarter. The company reversed last year's net loss of $45.6 million. Total revenues for the quarter were $3.1 billion, slightly ahead of analyst estimates of $3 billion.

The company said last year that it will record cash costs of $150 million to $200 million over two fiscal years for a previously announced realignment of manufacturing capacity.

The operating margin was 3.4%. Inventory in days fell four sequentially and year-over-year, to 43.