Jabil Q1 Earnings: Revenue And EPS Beat, Cloud and Data Center Growth, Raises Annual Outlook

On Wednesday, Jabil Inc (NYSE: JBL) reported first-quarter revenue of $6.99 billion, down by 16.6% year-on-year, beating the analyst consensus estimate of $6.61 billion. 

The print manufacturing company’s adjusted EPS of $2.00 beat the analyst consensus estimate of $1.88. The stock price gained after the print.

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Segments: Regulated Industries revenue declined by 7% Y/Y, Intelligent Infrastructure revenue grew by 5% Y/Y, and Connected Living & Digital Commerce revenue decreased by 46% Y/Y.

As of November 30, 2024, the company held $2.06 billion in cash and equivalents. Operating cash flow for the quarter totaled $312 million, with an adjusted free cash flow of $226 million.

CEO Mike Dastoor attributed the quarterly performance to incremental strength in the company’s Cloud, Data Center Infrastructure, and Digital Commerce end-markets.

Q2 Outlook: Jabil expects first-quarter revenue of $6.1 billion – $6.7 billion (consensus: $6.27 billion) and adjusted EPS to $1.60 – $2.00 (consensus: $1.79).

FY25 guidance: The company expects revenue of $27.3 billion (prior $27.0 billion) versus consensus of $27.03 billion and adjusted EPS of $8.75 (prior $8.65) versus estimate of $8.69.

Jabil stock gained 5% year-to-date. In November, on CNBC’s “Mad Money Lightning Round,” Jim Cramer encouraged investors to buy shares of Jabil, calling it “a great company.”

Price Action: JBL stock is up 10.60% at $148.10 premarket at the last check on Wednesday.

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Image via Jabil