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Stocks J / Jabil Circuit, Inc.
|Subject: Good results reported||Date: 6/21/2007 6:28 PM|
|Author: ultrabrite||Number: 857 of 860|
Jabil Reports Third Quarter Results
Thursday June 21, 4:01 pm ET
Revenue Increases 16 Percent
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jabil Circuit, Inc. (NYSE:JBL - News), today reported results for its third quarter of fiscal 2007, ended May 31, 2007. "We are pleased with the improvements we have made both in operating efficiencies and progress on our balance sheet metrics," said President and C.E.O. Timothy L. Main.
Third Quarter 2007 Operational and Balance Sheet Sequential Highlights
GAAP operating margin decreased eight percent. Core operating margin improved 57 percent.
GAAP earnings decreased $.04 per fully diluted share. Core earnings increased $.09 per fully diluted share.
Cash flow from operations for the quarter was approximately $192 million.
Third quarter sales cycle improved from 29 days in the second quarter to 26 days.
Annualized inventory turns improved from seven turns in the second quarter to eight turns.
Core Return on Invested Capital increased to 10 percent from seven percent in the second quarter.
A $0.07 dividend was paid on June 1, 2007.
Third Quarter 2007 Year-over-Year Results
Net revenue for the third quarter of fisc