NYSE$JBL

Jabil Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Jabil's third quarter performance was outstanding, with strong demand and excellent execution, resulting in solid results and a strong outlook.

Jabil Inc. reported net revenue of $7.2 billion and core operating income of $277 million for the third quarter of fiscal year 2021. The company also provided an outlook for the fourth quarter of fiscal year 2021, with net revenue expected to be in the range of $7.3 billion to $7.9 billion and core EPS of approximately $5.50.

  • Net revenue reached $7.2 billion.
  • Diversified Manufacturing Services (DMS) grew 21% year-on-year.
  • Electronics Manufacturing Services (EMS) grew 8% year-on-year.
  • U.S. GAAP diluted earnings per share was $1.12.

Headline financials

Total Revenue

$7.21B

Previous: $6.34B+13.9%
EPS (adj)

$1.30

Previous: $0.37+251.4%
Capital Expenditures

-$878M

Previous: -$649M-35.3%
Free Cash Flow

-$709M

Previous: -$700M-1.2%
Net Income

$169M

Previous: -$51M+432.6%
Operating Income

$240M

Previous: $59.4M+303.8%
Gross Profit

$568M

Previous: $456M+24.5%
Cash & Equivalents

$1.24B

Previous: $763M+62.5%
Total Assets

$15.7B

Previous: $13.4B+17.5%

Revenue & EPS history

Jabil · Revenue · Quarterly

$7.21B

Q3 2021+13.9%vs Q3 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Jabil anticipates net revenue between $7.3 billion and $7.9 billion, U.S. GAAP operating income between $242 million and $302 million, and U.S. GAAP diluted earnings per share between $1.00 and $1.20 for the fourth quarter of fiscal year 2021. They updated their fiscal year 2021 revenue outlook to approximately $29.5 billion, with core EPS of approximately $5.50.

Tailwinds

  • Net revenue between $7.3 billion and $7.9 billion
  • U.S. GAAP operating income between $242 million and $302 million
  • U.S. GAAP diluted earnings per share between $1.00 and $1.20 per diluted share
  • Core operating income (Non-GAAP) $280 million to $340 million
  • Core diluted earnings per share (Non-GAAP) $1.25 to $1.45 per diluted share

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.8%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+5.1%

Avg return

30 days after

51%

35 / 68 earnings

Positive

+20.6%

Q4 2023

Best reaction

-20.4%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-2.8%
Q2 2026-4.9%+1.5%+22.6%
Q1 2026-2.0%+8.1%+18.2%
Q4 2025-6.9%-3.6%-5.7%
Q3 2025-0.8%+1.6%-1.4%
Q2 2025+3.1%+6.3%-3.2%
Q1 2025+4.8%+8.7%+21.6%
Q4 2024+7.9%+5.1%+10.0%
Q3 2024-10.3%-9.4%-12.4%
Q2 2024-15.8%-13.9%-9.1%
Q1 2024+10.2%+8.8%+6.3%
Q4 2023+20.6%+21.3%+16.5%
Q3 2023+5.7%+6.2%+12.0%
Q2 2023-1.7%+2.8%+4.3%
Q1 2023-4.9%-4.7%+7.0%
Q4 2022+7.1%+2.8%+13.9%
Q3 2022-8.8%-7.4%-9.4%
Q2 2022+11.3%+11.9%+2.0%
Q1 2022+2.8%+5.0%+10.9%
Q4 2021-4.2%-3.0%-1.6%
Q3 2021-1.6%+0.7%-3.0%
Q2 2021+4.5%+4.5%+9.9%
Q1 2021+3.3%+3.8%+8.6%
Q4 2020+3.5%+3.0%+10.6%
Q3 2020+3.3%-4.0%+3.4%
Q2 2020-7.7%-20.5%+12.5%
Q1 2020+1.8%+1.7%+6.1%
Q4 2019+13.1%+12.4%+16.3%
Q3 2019+12.3%+13.4%+13.2%
Q2 2019-1.8%-1.3%+9.5%
Q1 2019+10.2%+8.5%+15.5%
Q4 2018-8.9%-10.0%-19.9%
Q3 2018-6.3%-9.4%-3.1%
Q2 2018+11.2%+9.1%+3.7%
Q1 2018-2.3%-6.2%-3.0%
Q4 2017+7.5%+5.3%+2.2%
Q3 2017-4.6%-5.5%-1.2%
Q2 2017+5.8%+8.4%+5.8%
Q1 2017+12.3%+13.4%+9.7%
Q4 2016-3.3%-6.0%-6.4%
Q3 2016+1.6%+3.7%+11.2%
Q2 2016-8.3%
Q1 2016-1.4%
Q4 2015+14.6%
Q3 2015-8.4%
Q2 2015+3.1%
Q1 2015+6.4%
Q4 2014-2.3%
Q3 2014+3.3%
Q2 2014-3.6%
Q1 2014-20.4%
Q4 2013-8.8%
Q3 2013+1.0%
Q2 2013-3.0%
Q1 2013+8.4%
Q4 2012-11.6%
Q3 2012+9.2%
Q2 2012-4.6%
Q1 2012+2.3%
Q4 2011+5.8%
Q4 2010+5.8%
Q4 2009+5.8%
Q3 2011+5.5%
Q3 2010+5.5%
Q2 2011-5.3%
Q2 2010-2.6%
Q1 2010-2.6%
Q1 2011-2.6%

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