Jabil Inc. has reported its preliminary, unaudited financial results for the first quarter of fiscal year 2025, and the numbers are impressive. The company posted a net revenue of $7.0 billion, with a U.S. GAAP operating income of $197 million and U.S. GAAP diluted earnings per share of $0.88.
In terms of non-GAAP metrics, Jabil reported core operating income of $347 million and core diluted earnings per share of $2.00. This represents a substantial improvement over the GAAP figures and reflects the company's strong performance in key end-markets such as cloud, data center infrastructure, and digital commerce.
Looking ahead, Jabil has raised its outlook for fiscal year 2025, now anticipating approximately $27.3 billion in net revenue and core operating margins of 5.4%. Core earnings per share for the year are expected to be $8.75, with robust adjusted free cash flow generation of $1.2 billion.
For the second quarter of fiscal year 2025, Jabil projects a net revenue in the range of $6.1 billion to $6.7 billion. The company expects U.S. GAAP operating income to be between $183 million and $263 million, with U.S. GAAP diluted earnings per share ranging from $0.69 to $1.27 per diluted share. On a non-GAAP basis, core operating income is projected to be $286 million to $346 million, while core diluted earnings per share are expected to be $1.60 to $2.00 per diluted share.
These forecasts are underpinned by the exclusion of anticipated adjustments, including amortization of intangibles, stock-based compensation expense, and restructuring, severance, and related charges.
The market has reacted to these announcements by moving the company's shares 7.3% to a price of $143.72. If you want to know more, read the company's complete 8-K report here.
