Earnings Review and Free Research Report: Jabil’s Adjusted Diluted EPS Soared 128.5%

LONDON, UK / ACCESSWIRE / October 6, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Jabil Inc. (NYSE: JBL), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=JBL, following the Company’s reporting of its financial results on September 27, 2017, for the fourth quarter of the fiscal year 2017. Jabil’s net revenue increased 13.3% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Earnings Reviewed

For the three months ended August 31, 2017, Jabil’s net revenue increased 13.3% to $5.02 billion from $4.43 billion in Q4 FY16. The net revenue surpassed analysts’ expectations of $4.89 billion.

During FY17, the Company’s net revenue increased 3.8% to $19.06 billion from $18.35 billion in FY16.

During Q4 FY17, Jabil’s gross profit increased 31.5% to $425.82 million from $323.65 million in Q4 FY16. For the reported quarter, the Company’s gross margin increased 110 basis points to 8.4% of revenue from 7.3% of revenue in Q4 FY16.

During Q4 FY17, Jabil’s G&A expenses increased 16% to $241.82 million from $208.33 million in Q4 FY16. For the reported quarter, the Company’s R&D expenses increased 2.3% to $7.70 million from $7.52 million in Q4 FY16. During Q4 FY17, Jabil’s amortization expenses decreased 15.5% to $9.26 million from $10.97 million in Q4 FY16.

During Q4 FY17, Jabil’s operating income increased 25.8% to $118.06 million from $93.80 million in Q4 FY16. For the reported quarter, the Company’s operating margin increased 20 basis points to 2.3% of revenue from 2.1% of revenue in Q4 FY16. During Q4 FY17, Jabil’s adjusted operating income increased 76.8% to $191.46 million from $108.29 million in Q4 FY16. For the reported quarter, the Company’s operating margin increased 140 basis points to 3.8% of revenue from 2.4% of revenue in Q4 FY16.

During FY17, Jabil’s operating income decreased 21.5% to $410.23 million from $522.83 million in FY16.

During Q4 FY17, Jabil’s net income increased 19.9% to $45.68 million on a y-o-y basis from $38.07 million in Q4 FY16. For the reported quarter, the Company’s adjusted net income increased 121.4% to $117.15 million on a y-o-y basis from $52.91 million in Q4 FY16. During Q4 FY17, Jabil’s diluted earnings per share (EPS) increased 25% to $0.25 on a y-o-y basis from $0.20 in Q4 FY16. For the reported quarter, the Company’s adjusted diluted EPS increased 128.5% to $0.64 on a y-o-y basis from $0.28 in Q4 FY16. The adjusted diluted EPS surpassed analysts’ expectations of $0.61.

During FY17, Jabil’s net income was $129.09 million compared to $254.10 million in FY16. During FY17, Jabil’s diluted EPS was $0.69 compared to $1.32 in FY16. During FY17, the Company’s adjusted diluted EPS was $2.11 compared to $1.86 in FY16.

Balance Sheet

As on August 31, 2017, Jabil’s cash and cash equivalents increased 30.4% to $1.19 billion from $912.06 million in Q4 FY16.

During Q4 FY17, the Company’s net accounts receivables increased 2.9% to $1.40 billion from $1.36 billion in Q4 FY16.

For the reported quarter, Jabil’s inventories increased 19.5% to $2.94 billion from $2.46 billion in Q4 FY16.

For the reported quarter, the Company’s accounts payable increased 18.6% to $4.26 billion from $3.59 billion in Q4 FY16.

During FY17, Jabil’s cash provided by operating activities increased 37.5% to $1.26 billion from $916.21 million in FY16.

Outlook

For Q1 FY18, Jabil expects net revenue to be in the range of $5.25 billion – $5.75 billion and operating income to be in the band of $111 million – $182 million.

The Company estimates diluted EPS to be in the range of $0.17 – $0.49 and adjusted diluted EPS to be in the band of $0.65 – $0.91 for Q1 FY18.

Stock Performance

At the closing bell, on Thursday, October 05, 2017, Jabil’s stock slightly declined 0.17%, ending the trading session at $29.77. A total volume of 1.73 million shares have exchanged hands, which was higher than the 3-month average volume of 1.69 million shares. The Company’s stock price soared 1.64% in the last three months, 3.15% in the past six months, and 35.81% in the previous twelve months. Moreover, the stock surged 25.77% since the start of the year. The stock is trading at a PE ratio of 46.59 and has a dividend yield of 1.07%. The stock currently has a market cap of $5.59 billion.

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