Good position in the global electronic manufacturing services (EMS) industry Focus on higher-margin, diversified end markets Highly competitive and potentially volatile industry conditions Some customer concentration Free cash flow characteristics that are cyclical but generally positive We expect earnings improvement in fiscal 2015 as the company pursues new client engagements and recovers from several business transitions in 2014 We expect Jabil to maintain moderate financial policies, and a balanced approach to strategic investments and shareholders returns The stable outlook reflects our expectation that Jabil Circuit Inc. (Jabil) will restore revenue growth in fiscal 2015, following several significant customer and business transitions in fiscal 2014. We believe the company's focus on growth in higher-margin manufacturing businesses will enable it to achieve
