Jabil 3Q15 Earnings Call Notes

Mark Mondello

Current decline in demand is more acute than in past years

” the current decline in demand we’ve seen in existing products is more acute than in past years, thereby amplifying the negative impact to the earnings this quarter.”

We’re dealing with a single issue that cuts deep emanating from one sector of our business

“As I try to articulate in today’s prepared remarks, we’re dealing with a single issue of being an issue that today cuts deep. The company is in great shape and we’ll get past these product demand issues that emanate from one sector of our business, a business that’s quite broad. ”

We do expect a snap back in FY Q1

“when it comes to our Green Point business, again I mentioned during my prepared comments that it’s really about what happens with phone demand and phone sell-through through the calendar year and our first quarter being September, October, November, is right in the middle of that. So, in terms of in Q1, as we sit today, we do expect a snapback. Everything that we’re looking at in terms of demand, the product launches on new products that go in as expected and are on track, so, hence my comments about the snapback for Q1.”