NYSE$JBL

Jabil Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Jabil reported strong financial results, exceeding initial expectations due to the adaptability of its diversified model amidst global supply chain challenges.

Jabil Inc. reported strong Q4 and FY21 results. Q4 net revenue was $7.4 billion, with DMS revenue growing 10% year-on-year and EMS revenue decreasing 6%. The company's GAAP EPS was $1.16, and non-GAAP EPS was $1.44.

  • Net revenue for Q4 reached $7.4 billion.
  • Diversified Manufacturing Services (DMS) saw a 10% year-on-year revenue growth in Q4.
  • Electronics Manufacturing Services (EMS) experienced a 6% year-on-year revenue decrease in Q4.
  • U.S. GAAP diluted earnings per share were reported at $1.16 for Q4.

Headline financials

Total Revenue

$7.41B

Previous: $7.3B+1.5%
EPS (adj)

$1.44

Previous: $0.98+46.9%
Capital Expenditures

$281M

Previous: $334M-15.9%
Free Cash Flow

$481M

Previous: $352M+36.5%
Net Income

$175M

Previous: $68.9M+154.0%
Operating Income

$265M

Previous: $197M+34.5%
Gross Profit

$587M

Previous: $491M+19.6%
Cash & Equivalents

$1.57B

Previous: $1.39B+12.4%
Total Assets

$16.7B

Previous: $14.4B+15.7%

Revenue & EPS history

Jabil · Revenue · Quarterly

$7.41B

Q4 2021+1.5%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Jabil anticipates continued positive momentum into FY22, driven by secular growth in vehicle electrification, connected healthcare, and infrastructure development. For the first quarter of fiscal year 2022, the company projects net revenue between $8.0 billion and $8.6 billion, U.S. GAAP operating income between $321 million and $381 million, and U.S. GAAP diluted earnings per share between $1.41 and $1.61.

Tailwinds

  • Net revenue between $8.0 billion and $8.6 billion
  • U.S. GAAP operating income $321 million to $381 million
  • U.S. GAAP diluted earnings per share $1.41 to $1.61 per diluted share
  • Core operating income (Non-GAAP) $365 million to $425 million
  • Core diluted earnings per share (Non-GAAP) $1.70 to $1.90 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 Q4 2021

Historical avgQ4 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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