ST. PETERSBURG, FL – Jabil reported fiscal third quarter net revenue of $5.4 billion, up 21.1% year-over-year.

Revenue from electronics manufacturing services (EMS) grew 12%, while diversified manufacturing services (DMS) grew 36%.

Net income for the quarter ended May 31 was $42.7 million, compared to a net loss of $25.7 million in the same period last year.

US GAAP operating income was $113 million, an increase of 160.4% year-over-year.

“Our team achieved a strong third quarter characterized by solid revenue growth and core margin expansion, year-on-year, while navigating a challenging components market,” said CEO Mark Mondello. “Our DMS segment grew by 36%, well-ahead of expectations, and posted meaningful income growth on a yearly basis. Similarly, our EMS segment grew both revenue and earnings by double-digits during the quarter.”  

For the nine months ended May 31, net revenue was $16.3 billion, up 16.3% year-over-year. Net income was $144.1 million, up 77.7%, and operating income was $388.3 million, an increase of 32.9%.

For the fiscal fourth quarter, Jabil expects net revenue of $5.2 billion to $5.6 billion and US GAAP operating income of $144 million to $199 million.

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