earnings
confidence high
sentiment neutral
materiality 0.75
Jabil Q1 revenue $8.4B, core EPS $2.60; Q2 guidance lower, FY2024 outlook reiterated
JABIL INC
2024-Q1 EPS reported
$1.47
revenue$8,387,000,000
- Q1 net revenue $8.4B; GAAP diluted EPS $1.47; core diluted EPS $2.60.
- Q2 FY2024 guidance: revenue $7.0-7.6B, core EPS $1.73-2.13; CEO cites broad-based demand softening.
- FY2024 outlook reaffirmed: revenue ~$31B, core EPS $9.00+, adjusted free cash flow $1B+.
- Core operating margin for FY2024 guided to 5.3%-5.5%.
- GAAP operating income $303M; core operating income $499M; core margins grew YoY.