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Jabil: Fiscal Q2 Earnings Snapshot


Jabil: Fiscal Q2 Earnings Snapshot
March 16, 2021
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ST PETERSBURG, Fla. (AP) Jabil Inc. (JBL) on Tuesday reported fiscal second-quarter net income of $151.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the St Petersburg, Florida-based company said it had net income of 99 cents. Earnings, adjusted for one-time gains and costs, came to $1.27 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.
The electronics manufacturer posted revenue of $6.83 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $6.5 billion. ....

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Jabil Q2 Results Beat View; Raises FY Outlook


Jabil Q2 Results Beat View; Raises FY Outlook
WASHINGTON (dpa-AFX) - Jabil Inc. (JBL) reported that its net income attributable to the company for the second-quarter was $151.65 million or $0.99 per share compared to a net loss of $3.28 million or $0.02 per share in the prior year.
Core earnings per share were $1.27 compared to $0.50 in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.95 per share for the second-quarter. Analysts estimates typically exclude special items.
Net revenue for the quarter grew to $6.83 billion from $6.13 billion in the previous year. Analysts expected revenues of $6.57 billion for the quarter. ....

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Jabil, Inc.: Jabil Announces Global Investment in Paper Packaging Solutions to Meet Heightened CPG Sustainability Demand


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New automation and machinery will increase packaging capacity for North American and European markets
Jabil Inc. (NYSE: JBL) today announced expansion plans for its newly acquired paper bottle technology with a $25 million investment in subsidiary Ecologic s Manteca, California, location and the buildout of a new paper bottle plant in its Sustainability Center of Excellence in Tortosa, Spain. This expansion will create the first paper-based scaled technology in the market, as Jabil delivers Ecologic s innovative pulp molding capabilities to new geographies and enables production of hundreds of millions of new paper packages.
Jabil is making this investment in response to significant consumer packaged goods (CPG) market demand. According to Euromonitor, consumers reported that they are three times more likely to prefer paper-based packaging over alternatives that leverage metal or plastic. ....

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