Standard&Poor's Ratings Services' rating on St. Petersburg, Fla.-based Jabil Circuit Inc. reflects the company's diversified end markets and consistent profitability despite difficult market conditions. Competitive industry conditions, cyclical capital requirements, and a leveraged financial profile partially offset those factors. Jabil is a leading provider of manufacturing services to leading electronics original equipment manufacturers (OEMs). The company reported revenues of $3 billion in the February 2010 quarter, up 4% from the prior-year period. Standard&Poor's Ratings Services expects modest revenue growth to continue in the near term, reflecting new contract wins and improving demand in industrial and networking end markets. However, selected end-market weakness will continue to suppress revenue growth, particularly in the sale of mobility products, as
