Jabil's 3Q Results Solid

Jun 25, 2010

Jabil Circuit Corporate Headquarters, St. Petersburg, FL

Jabil Circuit Corporate Headquarters, St. Petersburg, FL

Jabil Circuit JBL reported solid third-quarter results, with a 15% sequential rise in sales to $3.5 billion, well above company guidance and our $3.2 billion estimate. GAAP operating margins of 2.8% were higher than they've been in the past two and a half years, driven by strong sales and an increasing portion of sales coming from Jabil's higher-margin segments (industrial, medical, and aftermarket services).

The company expects fourth-quarter sales to increase 15%-20% sequentially to $3.8 billion-$4.0 billion. It is seeing strength in almost all of its segments and said demand has not been materially affected by the economic issues hanging over Europe (where more than 30% of Jabil's sales are located). This positive outlook lends support to the notion that the strong demand seen recently in tech is not yet being affected by macroeconomic issues or experiencing any slowdown in demand. We expect demand for Jabil's services to remain strong through the summer and think the company will see results improve again sequentially next quarter.

Jabil is an electronic product solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 22 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL".

You must be a registered user to talk back to us.

More News from Jabil Circuit, Inc.

Jun 25, 2010 -

Jabil's 3Q Results Solid

Mar 20, 2003 -

Jabil Expects Revenue to Rise this Quarter

Feb 04, 2003 -

Jabil to Expand in Hungary

Jan 28, 2003 -

Jabil to Cut 380 Jobs at UK Plant

Apr 25, 2002 -

Jabil to Cut Hundreds of Jobs at Marconi Plants

Jabil's 3Q Results Solid news release has been viewed 2254 times

SMT Replacement Nozzles

Plasma prior Conformal Coating