ST. PETERSBURG, FL – Jabil reported fiscal second quarter net revenue of $6.8 billion, an increase of 11.5% year-over-year.

For the quarter ended Feb. 28, electronics manufacturing revenue was down 1% compared to the same period in 2020, and diversified manufacturing was up 26%.

Total net income for the fiscal second quarter was $152.4 million, compared to a net loss of $2.6 million in the prior year period. Operating income was $236.4 million, up 160.8% year-over-year.

“Our second quarter performance was outstanding,” said CEO Mark Mondello. “The combination of broad end-market strength, more favorable product mix, and excellent operational execution by the team allowed us to deliver $285 million in core operating income on revenue of $6.8 billion.”

For the six months ended Feb. 28, net revenue was $14.7 billion, an increase of 7.6%, compared to the same period in 2020. Net income was $353.4 million, up 827%. Operating income was $550.3 million, growth of 126%.

For the fiscal third quarter, Jabil expects net revenue between $6.6 billion and $7.2 billion and operating income between $188 million and $238 million.

“I’m extremely confident in our plan moving forward, which is supported by both strong secular tailwinds and accelerated momentum in many of the end-markets we serve. As a result, we are raising our financial outlook for the balance of the year. We now expect full year 2021 to deliver revenue in the range of $28.5 billion and core EPS of approximately $5.”

PCB EAST: The original East Coast technical conference and exhibition! Returning to the Boston suburbs in June 2021! 

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