Jabil Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended May 31, 2022
June 16, 2022 at 07:30 am EDT
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Jabil Inc. reported earnings results for the third quarter and nine months ended May 31, 2022. For the third quarter, the company reported sales was USD 8,328 million compared to USD 7,215 million a year ago. Net income was USD 218 million compared to USD 169 million a year ago. Basic earnings per share from continuing operations was USD 1.55 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 1.52 compared to USD 1.12 a year ago.
For the nine months, sales was USD 24,448 million compared to USD 21,876 million a year ago. Net income was USD 681 million compared to USD 521 million a year ago. Basic earnings per share from continuing operations was USD 4.77 compared to USD 3.49 a year ago. Diluted earnings per share from continuing operations was USD 4.67 compared to USD 3.41 a year ago.
Jabil Inc. specializes in electronic outsourcing services. Net sales break down by activity as follows:
- development of engineering solutions and services in the field of materials technology (51.7%): engineering, machining and manufacturing solutions for products made of plastics, metals, fibers and glass, and composite materials, etc. for consumer electronics, wearable technology, aeronautics, defense, health, mobility and packaging industries;
- design, engineering, mass production and assembly of electronic systems and subsystems (48.3%): for the automotive, transportation, heavy equipment, computer, home automation, energy, telecommunications, networking, distribution and printing industries. The group also offers 3D printing, prototyping and testing services, as well as supply chain management solutions and services.
Net sales are distributed geographically as follows: the United States (14.2%), Singapore (21.3%), Mexico (17.5%), China (16.9%), Malaysia (8%), India (4.6%) and other (17.5%).
JABIL INC. 
