ST. PETERSBURG, FL – Jabil reported fiscal fourth quarter net revenue of $7.4 billion, up 1.5% year-over-year.

Electronics manufacturing services year-over-year revenue decreased 6%. Diversified manufacturing services experienced growth of 10%.

For the quarter ended Aug. 31, net income was $175 million, an increase of 153.6% compared to the same period in 2020. Operating income was $265 million, up 34.5%.

Net revenue for fiscal 2021 was $29.3 billion, up 7.4% compared to fiscal 2020. Net income was $698 million, an increase of 1,124.6% year-over-year. Operating income was $1.1 million, up 111%.

Electronics manufacturing services revenue for the fiscal year decreased 1%, and diversified manufacturing services saw revenue growth of 17%.

“I’m thrilled with the strong financial results we achieved in full-year 2021,” said CEO Mark Mondello. “In a year where global supply chains were challenged, the results came in far ahead of our initial expectations for the year. The year was illustrative of both the power of our talented workforce and the adaptability of our large-scale diversified model, which serves such a broad range of end-markets today.”

“As we move ahead, the momentum within our business is expected to continue into fiscal 2022,” said CFO Mike Dastoor. “In a world where increasingly complex hardware needs to be built, Jabil is incredibly well positioned to benefit from secular growth we’re experiencing across vehicle electrification, connected healthcare and infrastructure development, to name a few.”

Cash and cash equivalents as of Aug. 31 were $1.6 billion, compared to $1.4 billion as of Aug. 31, 2020.

For fiscal 2022, Jabil expects net revenue between $8 billion and $8.6 billion and operating income between $321 million and $381 million.

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