Jabil(JBL) - 2025 Q1 - Quarterly Results

Financial Performance - Net revenue for the first quarter of fiscal year 2025 was $7.0 billion, a decrease from $8.4 billion in the same period last year[3]. - U.S. GAAP operating income was reported at $197 million, down from $303 million year-over-year[20]. - The company reported a net income of $100 million for the first quarter, down from $194 million year-over-year[20]. - Net income for the three months ended November 30, 2024, was $100 million, a decrease of 48.5% compared to $194 million for the same period in 2023[22]. - Core operating income (Non-GAAP) decreased to $347 million, down 30.4% from $499 million year-over-year[23]. - Diluted earnings per share (U.S. GAAP) decreased to $0.88, down 40.1% from $1.47 in the previous year[23]. Earnings and Cash Flow - Core diluted earnings per share (Non-GAAP) reached $2.00, compared to $1.47 in the previous year[3][20]. - Adjusted free cash flow generation is expected to be robust at $1.2 billion for the fiscal year[3][7]. - Adjusted free cash flow (Non-GAAP) increased to $226 million, compared to $173 million for the same period last year, representing a 30.6% increase[25]. - Net cash provided by operating activities was $312 million, down 30.3% from $448 million in the prior year[25]. Outlook and Projections - The company anticipates approximately $27.3 billion in net revenue for fiscal year 2025, with core operating margins of 5.4%[3][7]. - Second quarter fiscal year 2025 outlook for net revenue is projected between $6.1 billion and $6.7 billion[5]. - Core diluted earnings per share for the second quarter is expected to range from $1.60 to $2.00[5]. Assets and Liabilities - Total current assets increased to $13.228 billion from $12.791 billion as of August 31, 2024[18]. - Total liabilities rose to $16.178 billion from $15.614 billion[18]. Cash Management - Total cash and cash equivalents at the end of the period were $2,058 million, an increase from $1,550 million at the end of the same period last year[22]. - The company experienced a net decrease in cash and cash equivalents of $143 million, compared to a decrease of $254 million in the prior year[22]. - The company reported a net cash used in investing activities of $136 million, compared to $75 million in the same period last year[22]. - Cash paid for business and intangible asset acquisitions was $63 million, slightly up from $59 million year-over-year[22]. Restructuring Charges - The company incurred restructuring and related charges of $83 million during the quarter, down from $127 million in the same period last year[23].