Jabil Reports Stronger-Than-Expected Fiscal Q4 Results; Shares Surge

Jabil Circuit Inc experienced a notable increase in its stock, rising over 9% in premarket trading on Thursday, following the release of its fiscal Q4 2024 results, which exceeded expectations.

In the fourth quarter, Jabil reported earnings per share (EPS) of $2.30, surpassing analyst predictions of $2.22. The company also generated $7 billion in revenue, which was above the consensus estimate of $6.59 billion.

Looking ahead to fiscal Q1 2025, Jabil forecasts EPS to be between $1.65 and $2.05, compared to the anticipated $1.83. Revenue expectations range from $6.3 billion to $6.9 billion, outpacing the projected $6.5 billion.

The company expects core operating profit to be between $304 million and $364 million.

For the full fiscal year 2025, Jabil anticipates EPS of $8.65, aligning closely with the consensus of $8.64, while revenue is projected at $27 billion, slightly below the forecast of $27.2 billion.

CEO Mike Dastoor remarked on the significant changes Jabil has undergone during the fiscal year, noting the sale of its Mobility business, growth within the AI data center sector, and various challenges across multiple markets. He emphasized that despite these transformations, the company achieved core margins of 5.5% and $8.49 in core diluted EPS for FY24, along with generating over $1 billion in adjusted free cash flow.