Jabil Inc (NYSE: JBL) stock tumbled 7.25% after the company reported a fiscal fourth-quarter loss of $57.3 million, after reporting a profit in the same period a year earlier. Net capital expenditures for the quarter were $114 million, and for the full fiscal year came in as expected at $686 million. The company’s fourth quarter cash flows from operations were very strong, coming in a $739 million, bringing total cash flows from operations for the full fiscal year to $934 million. Further, core return on invested capital for Q4 was 18.2%, and grew by approximately 380 basis points on a year-over-year basis to 19.3% for the full fiscal year. During the quarter, JBL entered into a $350 million term loan facility, and $150 million revolving credit facility. The additional liquidity improves the financial flexibility and will be used to fund near-term working capital requirements and future tuck-in acquisitions. JBL exited the quarter with total debt-to-EBITDA levels of approximately 2x, and cash balances of $1.3 billion.

JBL in the fourth quarter of FY 18 has reported the adjusted earnings per share of 70 cents, beating the analysts’ estimates for the adjusted earnings per share of 68 cents, as per Zacks Investment Research. The company had reported the adjusted revenue growth of 15 percent to $5.77 billion in the fourth quarter of FY 18, beating the analysts’ estimates for revenue of $5.4 billion. Core operating income during the quarter was $212 million, an increase of 11% year-over-year, representing a core operating margin of 3.7%. Revenue for our DMS segment was $2.4 billion, an increase of 11% on a year-over-year basis, reflecting better-than-expected growth in our healthcare and mobility businesses. EMS represented 42% of total company revenue in the quarter. Core margins for the segment improved 20 basis points year-over-year to 2.7%. Our EMS segment also performed extremely well in the quarter, growing revenue by 18% year-over-year to $3.4 billion. Core margins for the segment were 4.4% during the quarter. The strength in both revenue and income was driven by Automotive, Energy, and Wireless Infrastructure businesses. EMS represented 58% of total company revenue in the quarter
JBL expects revenue in the range of $5.8 billion to $6.4 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $5.97 billion.

