Today Jabil Circuit, Inc. (NYSE: JBL), announced preliminary, unaudited financial results for its second quarter of fiscal year 2014. As a result of the anticipated sale of Jabil's aftermarket services business, this business is reported as "discontinued operations" in the unaudited financial results for all periods presented.
The company reported second quarter revenue of $3.6 billion.
Jabil's three reporting segments delivered the following revenue results for the company's second fiscal quarter:
- Diversified Manufacturing Services: $1.6 billion.
- Enterprise & Infrastructure: $1.2 billion.
- High Velocity Systems: $0.8 billion.
Generally accepted accounting principles (GAAP) operating income for the second quarter was $3.6 million and GAAP net diluted loss per share was ($0.19). The company indicated that $32.2 million in restructuring costs during the quarter impacted GAAP operating income.
As defined below, core operating income was $60.4 million and core diluted earnings per share was $0.10.
"We completed our second quarter largely as planned, with steady progress on finalizing our previously announced divestiture and winding down our relationship with our second largest customer," said Mark T. Mondello, Chief Executive Officer. "The steadfast dedication of our global workforce has contributed to our ongoing performance despite the challenges we have faced," he added.