ST. PETERSBURG, FL -- Jabil today reported preliminary, unaudited fiscal fourth quarter net revenue of $9 billion, up 21.6% year-over-year.

For the period ended August 31, GAAP operating income was $409 million, up from $265 million a year ago, and core operating income (non-GAAP) was $447 million. The company reported net income of $315 million, up from $175 million last year.

The Diversified Manufacturing Services (DMS) unit had year-on-year revenue growth of 13%, while the EMS unit reported a 20% jump.

 “The team delivered yet another solid year in FY22,” said Mark Mondello, chairman and CEO, Jabil . “I’d like to thank our reliable workforce and acknowledge the positive impact of our large-scale, well-diversified commercial portfolio.”

For its full fiscal year the company reported net revenue of $33.5 billion, up from $29.3 billion. DMS was up 9% and EMS grew 20%.

GAAP operating income was $1.4 billion, and non-GAAP income was $1.5 billion.

Jabil guided for first quarter fiscal 2023 revenue of $9 billion to $9.6 billion and GAAP operating income of $367 million to $427 million.

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