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Tampa Bay-Lakeland
Business Observer Wednesday, Sep. 28, 2011 11 years ago

Jabil posts $381M in profits

The St. Petersburg firm set a new record with its 2011 fiscal year profits.

ST. PETERSBURG — The $381.1 million in profits earned by Jabil Circuit (symbol: JBL) in its 2011 fiscal year sets a new record for the St. Petersburg-based electronics manufacturer.

Jabil generated $578.7 million in operating income from $16.5 billion in revenues in its most recent fiscal year. Compared to 2010, revenues increased 23%, operating income rose 77%, and net income increased 126%.

“Demand for our expertise in managing global supply chain networks remains robust, especially now as customers increasingly focus on growth in developing economies,” says Timothy Main, Jabil CEO, in his firm's earnings announcement.

Jabil's stock traded at a price near $19 per share early Wednesday, up more than 9% from its Tuesday close. That price is 44% above the stock's 52-week low, but roughly 18% below its 52-week high of $23.

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