you Thank joining for us today. Good Mark. morning, Thanks, everyone.
results, the be spoke it I to Before update impacted QX and since XXth. our I thought our cover how would last on provide we March markets brief COVID-XX on financial serve helpful has a business end we
across quickly globe. COVID-XX Following the our spread in March, call
However, as Mark indicated, quarter, for the our most to managed operations open. of largely remain
authorities and so ship local factories and large that continue teams deemed were a the products our of to Our were majority QX. we build throughout essential,
an at capacity, to the despite two-week like largely a held been in QX. we California. in level, largely enterprise Putting demand operating Malaysia, it end India, In XX% closures one handful fact, March, together, since all and areas have of of at
the demand a world COVID-XX impacted orders in of varied However, extensively and as stay-at-home around outbreak end each way. and unique by the market the makeup region this
average the working through which the for of products, Within this me what extremely next-gen has is too Let began well. out started on seeing end this, our team In going February seasonal launch, mobility on today. season in markets track. with launch and walk different you mobility, is upcoming the in also tandem the we’re
devices lifestyles. edge to Moving and
test equipment, systems, demand by NXX diagnostic is splitters, such analyzers protective and for surgery and from temperature including to work more people home, tablets, we’re care, and headphones products, As health smart ventilators in In products. reusable learn and face most the as masks oxygen, fight reduced and elective being from offset watches. masks demand trend certain markets the demand masks. in ranging good kits This and against sensing trauma COVID-XX, we’re critical strong for seeing experiencing ventilator and
Moving to packaging.
goods a and leading antibacterial companies. unprecedented supplier cleaners, reminder, food in of cleaning to business enormous this, our levels products. packaging for ship demand and the packaged to packaging COVID-XX touch-less increasing hard exerting a is dispensers laundry on surface Because pressure world’s As wipes. of seeing is we’re our customers products, consumer
packaging on by we’re In demand more for dining home. spurred at addition, also good seeing food people
forecasted Moving to sales factory have EMS. to and worldwide outlook closures. and OEM Within automotive, been unit our diminished due near-term lower results
end by we’re markets demand, gain In However, infrastructure as market this growth recovery the additional we spending the partly overall electrification, to in expect of looking to forward, share which semi-cap, traditional be automotive this continues weakness by ongoing solid in in offset continues. driven market. seeing
investments fab New investments. multiyear are plant
so operators the as In XXXX higher an is technology. see and created rollouts which customers wireless network increased XG, market with near XG seeing to And consistent the for XG world, In stay-at-home infrastructure teams continue growth. the growth around their orders expect quarters, infrastructure translating demand services. transitions roadmaps. to with in we cloud as ahead offset cloud, XXXX to by their are that term, newer is by far, to our are continue and XG In being upgrade we marching prior
expect near and end retail, closures in these and Moving to the term, continued in orders. pressure mainly we driven office stay-at-home by markets print
during has keep due perspective, we From building demand. industrial offset cost over million signs increased consisted dynamics, restrictions, costs have moving And costs to products cautious an of we for to are factory overall could spread. We Turning the markets, utilization forward, the then work-from-home our costs anticipate finally, and in of and $XX this seeing within continue safe. are starts by demand delayed. networking we end being quarters. supply these new outbreak. approximately due now Demand on enterprise people inefficiencies consistent demand to lower to been to-date. direct The This relatively But, incurred COVID-XX seeing future PP&E energy. lockdown associated impact QX, with enterprise and of few mainly to next makeup a indirect dynamic chain,
further sporadic a our navigate during forecast. diverse Turning income now financial $XX markets interest me, million shutdowns combination capital loss the GAAP of was our QX due The and to revenue with strategy during illustration of the that results. billion ability working. $X.XX. to in efficiently the at to our during us was interest $XX operating in efficiency income meaningful To million end line this the operating net was largely Net quarter diversification is per allowed working deliver open, better-than-expected factory expense our rates. internal share million. and and $X.X GAAP diluted lower to Core in quarter remain quarter, $XXX and is nature came better
additional the At in an tax XX incentive certain those end resulted government of for assets. entities’ tax of rate tax extended of by the core deferred non-U.S. April, entity’s revaluation was which years, XX.X%. was our for the Our quarter
a diluted were approximately charge rate negatively our tax Core effective of this one-time share earnings million tax core by earnings of continue per that extension moving QX, deferred XX in assets benefit tax the share forward, impacted $X.XX. to in $XX resulted years. for diluted will It’s noting this worth another per our While $X.XX. incentive reevaluation
to like attention impacted during your which call an to our the item, GAAP I’d Next, results quarter.
excess we’ve the to adding tremendous $X Over results. of three past years, billion growth, our experienced revenue in in
and offer and has accretive flow targeted markets been profiles. end that margin intentional cash Importantly, the at growth
our appropriate an optimize the our current With and to to Therefore, we is QX, proactively improve in cost taken worldwide steps economic diversifying success the reduce take we’ve during steps workforce. feel, specially admits structure the operational time efficiencies. to business, it landscape
those we $XX benefits health result QX of addition FYXX. in a savings this, plan in million to extended these core to net $XX in $XX will to anticipate restructuring benefit approximately last income we This the associated related of We million to severance anticipated announced with operating and For to incurred care the September. costs XXXX costs impacted. inclusive is million
up billion, XX results. segment Revenue third X.X%. was year-over-year, income XX% for XX% segment quarter expanding year-over-year. DMS resulted segment our core for This margins to basis points turning our in the while Now, $X.X to operating core increased
segment year-over-year Revenue the in declines was our Core EMS. EMS From automotive billion, semi-cap segment down retail. end for X% to an strength came offset saw perspective, by Moving in print and at and $X.X space we the margins X.X%. in market year-over-year. for cloud
flows Turning cash now our and balance to sheet.
As days, were Cash QX, sequentially, a in days, levels our in flows XX inventory provided million $XXX in at inventory by three with $XXX coming capital net and quarter-over-quarter. in anticipated contracted totaled operations decline of QX, million. expenditures days
exited and recorded at of free the came outflow million. approximately largely quarter the $XXX $XX EBITDA approximately cash million. of of than cash levels while associated QX reductions, We result worth a associated be cash total in adjusted performance core with QX, flow times flow As to balances of million generation, debt in and $XXX QX. third workforce expected strong quarter the noting, approximately expenses the with we cash It’s in aforementioned will stronger for X.X
than million. more maintaining current navigate we market our to capacity approximately in QX, took with facilities billion. of During additional repurchases our We year-to-date over for for we liquidity, believe QX, this shares end $XXX $XX with flexibility committed total provides QX Jabil available while global XXX,XXX $XXX along to million us adding billion liquidity, all steps quarter the our bringing million environment, available the cash our balance, $X.X our rating. which to grade under credit balance capacity sheet in With to bringing access investment ended repurchased bolster ample $X.X
X% to Turning now revenue DMS segment basis expected a quarter approximately X% costs. includes million to to increase $XX billion, EMS year-over-year that our billion. fourth basis year-over-year in the expected on decrease $X.X a is $XX to revenue million guidance COVID-XX-related to to is segment $X.X on while
share billion Company estimated to of of in $X.X billion the range Core $X.XX earnings decrease of midpoint revenue the X% range. per the of $X.XX at be XXXX estimated to the operating fourth $X.XX. for range in expect is We to Core be $X.XX. in in diluted quarter $X.X total to range of $XXX per to is GAAP to million. the earnings income to is $XXX fiscal in the expected of range be be diluted a the million of share to
is by in our end revenue like I’d today’s DMS, Next, unchanged. outline for to largely updated expectations market. Within fiscal year outlook revenue ‘XX
diversification to current Our DMS even within dividends pay continues the in environment.
for margins billion. year core of $XX.X expect fiscal We the for DMS to be X.X% on approximately revenue
reduced strength revenue Turning & now energy, and and print Within we’ve been which driven to cloud. partially EMS. by EMS, in has outlook FYXXs industry automotive, offset continued retail, for our by
per operating to core earnings will Putting $X.XX X.X% on We for This of translates together billion. year. expect to the share core EMS $XX.X be the on we margins year the for outlook and anticipate all it million. of revenues $XX.X billion for year, be revenue income $XXX now approximately approximately to be
range us to the challenging work and collective closing, in to strategy Considering million $XXX months. clear $XXX has proud continues cash million fiscal our year. to Jabil me, for past environment. our well this expect the also an that flows team to very market navigate outlook, positioned over deliver In and of it’s diversification the We of free to I’m efforts their several incredibly
which And ways this over also efforts are vigilant and COVID-XX. the proud turn continue have the I’m fight now to focused the call innovative our and global Jabil’s efforts teams I’ll be in early protect increasing Our safety we very to collaborated of Adam. working health of our against area. employees. to the in to join in
